€1.5m · Other round · Transportation · San Sebastian, Spain
San Sebastian-based InspectRail has raised €1.5m in combined equity and debt to scale its train-mounted system for continuously monitoring railway infrastructure.
The equity portion includes backing from Basque Country Venture Capital Management, part of Grupo SPRI, through a reinvestment via Basque Tek Ventures. Easo Ventures, Pinama Capital and EONIQ Fund joined as new venture investors. Debt from the Deeptek Gipuzkoa Foundation, Elkargi-Fomento San Sebastián, CaixaBank DayOne and Rural Kutxa completes the financing.
InspectRail plans to use the funds to enter new markets, continue developing its technology, expand the team and invest in infrastructure required to deploy its system at scale. Founded as a CEIT spin-off, it installs sensors, machine vision and AI equipment on trains already in daily service to monitor track, catenary, communications and surroundings.
Turning regular trains into a denser inspection network
Rail infrastructure is often checked using dedicated measurement trains or trackside inspections, limiting how frequently each route is observed. InspectRail collects data from trains already running commercial services, increasing cadence without requiring a separate inspection movement for every pass.
Higher frequency can help operators identify changes earlier and prioritise condition-based maintenance. The deployment challenge is operational as much as technical: hardware must be installed across fleets and its data integrated into workflows. Funding deployment infrastructure alongside product development addresses the work needed to turn pilots into repeatable rollouts.
Sources checked: InspectRail; Grupo SPRI; Company website; El Referente; Tech.eu Funding Explorer.
