Irish AI-powered software company WrxFlo has raised €3 million in a funding round led by Elkstone, with participation from existing investors Furthr VC and Enterprise Ireland alongside a number of angel investors, to accelerate international expansion in the UK and United States and drive continued development of its AI-powered SaaS platform.

The raise, reported by Irish Tech News, supports the Limerick-founded company's ambition to grow from 60 to 200 employees by 2028.

WrxFlo was founded in 2019 by former Dell manufacturing leaders Tim Crowe, Ken Sheehan and Jennifer Kelly, and provides manufacturers and logistics companies with a single connected digital platform and an AI-powered co-worker designed to replace disconnected systems, spreadsheets and manual processes. The platform has helped clients reduce operational costs by up to 40% and improve productivity by 25% across production lines.

Tim Crowe, co-founder and CEO of WrxFlo, said: "WrxFlo connects those systems, applies AI to the data, and gives teams a digital co-worker that helps them remove waste, spot risks earlier and focus on the work that actually creates value."

Crowe added: "We are seeing strong demand from manufacturers looking to harness AI in practical, measurable ways and with the backing of Elkstone, Furthr VC, Enterprise Ireland and our wider investor group, we are well positioned to accelerate our international growth."

The funding follows a period of strong commercial momentum, with WrxFlo more than doubling its annual recurring revenue and growing its customer base across five global markets including Ireland, the UK, Germany, China and the United States.

Niall McEvoy, Head of Venture at Elkstone, said: "The WrxFlo team brings rare, genuine operational experience together with a powerful, flexible platform that deploys quickly and adapts to each customer. We believe WrxFlo is poised to become a category-defining company in AI-enabled operations software."

Richard Watson, Managing Partner at Furthr VC, said: "They combine deep operational expertise and credibility with a platform that solves a real, expensive problem for manufacturing and logistics companies."

The global smart manufacturing market is projected to reach US$996 billion (approximately €836 billion) by 2030, according to Markets and Markets, positioning WrxFlo at the intersection of industrial digitalisation and practical AI deployment.