Wiremind raises €35m to take rail pricing software beyond Europe

Wiremind raises €35m to take rail pricing software beyond Europe

6 October 2026: Wiremind, a Paris software company that sells revenue management to transport operators, says it has raised €35 million in its first funding round. The new investors are IronWave (formerly Wendel Growth), Bpifrance Investissement through its Large Venture fund, and Seaya Andromeda. Co-founders Colin Girault-Matz (CEO) and Charles Pierre (CTO) remain majority shareholders.

Not yet independently verified. Every figure here is the company's own, from its blog. The FinSMEs page returned an error, so we have not read the second report. We will update this when it can be confirmed, and remove this note.

Two SNCF colleagues who built their own forecasting engine

Girault-Matz and Pierre met in 2012 in the revenue management department at SNCF, saw room for machine learning that forecasts demand and optimises capacity, and founded Wiremind in 2014. The company's about page dates its incorporation to October 2014 and describes it as bootstrapped, with more than 170 employees, about 78% of them engineers, a head office in central Paris and local presence in Monaco, Amsterdam, Vancouver and Hong Kong.

The company reports revenue growth of 67% in 2025 and more than 80 clients, 23 of which joined during the year. The about page counts more than 100 customers across its passenger, cargo and entertainment lines.

Three products and the figures behind them

Its flagship is CAYZN, an AI-based revenue management system for passenger transport, first used in 2015 by iDTGV. The company puts average revenue gains at 5 to 15%, ARR growth at 81% in 2025, and use by more than 20 operators, including SNCF, Trenitalia, Eurostar, Transavia, SJ, VR-Group, National Express, VIA Rail, Nouvelair and Flair Airlines.

PAXONE, launched in 2023, handles inventory and distribution and is built on the OSDM standard. France's transport directorate (DGITM) selected it in 2025 for GITE, the national ticketing system for Intercités trains.

EVENTORI, launched in 2022, is a ticketing and revenue platform for sports clubs and event organisers. Wiremind says it grew 140% in 2025, has more than 40 clients and has analysed over 2 million tickets.

Where the €35m will go

The money is earmarked for two things. One is expansion: continued growth in South America and entry into the Middle East and Asia-Pacific. The other is research. Wiremind plans to add large language models to its pricing decision engine and platform tools, with explained pricing recommendations, natural-language business rules and automatically generated performance reports coming to CAYZN and PAXONE.

Pierre draws a line between that and a bolted-on assistant: "We don't just add an AI layer to an existing product."

Our revenue management software category lists 22 products and our public transportation software category lists 11.

What the three investors said

Victoire Laurenty, founder and general partner of IronWave, said the founders built systems that drive the revenue of the largest rail and air operators "without a single euro of outside capital" in twelve years. Adrien Neel, investment director in Bpifrance's Large Venture fund, pointed to "recognized technological excellence" and the ability to renew growth through innovation.

Pablo Pedrejón of Seaya Andromeda said filling trains and planes that already run is "the cheapest emissions cut available to any operator", and that Seaya has spent thirteen years backing founders in Iberia and Latin America.

Company profile on TrustList: Wiremind

Sources

• Wiremind: Wiremind raises €35 million in its first funding round, 6 October 2026
• FinSMEs: Wiremind raises $35M in funding (headline only, page not readable from our side), 9 October 2026
• Wiremind: about page, company history and offices (read 2026-10-11), 11 October 2026