InspectRail closes €1.5 million equity and debt round for train-mounted rail inspection

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

InspectRail, a San Sebastián spin-off of the CEIT technology centre incorporated in June 2023, has closed a €1.5 million round mixing equity and debt. Its kit rides on trains already in daily service and uses onboard sensors, computer vision and AI to check track, catenary, communications and surroundings on each trip. That job otherwise falls to special measurement trains, which pass a few times a year.

On the equity side, Grupo SPRI's venture capital arm came back through Basque Tek Ventures, joined by newcomers Pinama Capital, EONIQ Fund and EASO Ventures. Five lenders supplied the debt: Elkargi, Rural Kutxa, CaixaBank DayOne, Fomento San Sebastián and Deeptek Gipuzkoa Fundazioa.

The money goes to new markets, further technology work and the infrastructure to scale deployments. Next stop is InnoTrans 2026 in Berlin, from 22 to 25 September.