Tallinn-based startup Fleetbrains, which leverages AI to revolutionize fleet sales and stock management, has secured €800,000 in funding from Icebreaker.vc. The investment will support the company's growth and development, addressing key challenges in the automotive industry.
- Founded in 2025 by Rutmar Silde, Tauno Laja, and Martin Piirmaa, Fleetbrains develops AI-powered solutions for fleet sales and stock management.
- The company’s platform utilizes Big Data, Machine Learning, and predictive analytics to provide real-time market insights, helping dealerships, manufacturers, and fleet managers optimize inventory and pricing.
“Our solution forecasts in real-time when, which, and at what price companies can most profitably buy or sell vehicles to maximize profits. The system identifies model versions or configurations in higher demand in the market and flags vehicles at risk of remaining unsold in warehouses,” co-founder at Fleetbrains, Martin Piirmaa, commented.
- To date, the firm has analyzed over 3 million vehicle sales, enhancing forecasting accuracy and streamlining decision-making to address inefficiencies in the automotive industry’s sales and inventory processes.
Details of the deal
- The fresh funding came from Icebreaker.vc, a Helsinki-based venture capital firm that backs tech founders at the earliest stages, with ticket sizes ranging from €300,000 to €1 million.
- FleetBrains will use the funding to develop its AI-driven platform, focusing on improving forecasting accuracy and inventory management. The investment will also support collaboration with the University of Tartu's Institute of Computer Science to advance its AI research.
