How the AI Boom has Boosted IFS Worth to More Than US$17bn

AI is driving growth across a multitude of sectors.

Statistics from the World Economic Forum (WEF) suggest that AI has become an undeniable driver of corporate growth, with 72% of businesses having adopted AI.

Its data estimates that AI will create around 21% of US GDP by 2030.

One company seeing AI impact its value is IFS.

The value of the Swedish tech company — a leading provider of cloud enterprise software and Industrial AI applications — now stands at more than €15bn (US$17bn), further solidifying the transformative role of AI in reshaping industrial operations.

AI and IFS

Founded in 1983, IFS is a prominent player in the enterprise cloud and Industrial AI software market, with a significant presence in sectors like aerospace and defense, engineering and construction, energy and utilities and manufacturing.

IFS’ valuation milestone reflects not only the company’s strategic pivot towards AI-driven solutions but also the growing demand for cutting-edge technology in these industries.

With major investments from prominent global entities like Hg Capital, EQT Partners, Abu Dhabi Investment Authority (ADIA) and Canada Pension Plan Investment Board (CPP Investments), IFS is set to redefine the industrial software landscape.

Industrial AI plays a large part in IFS’ success. Its applications address critical challenges faced by modern industries.

Its proprietary platform, IFS.ai, leverages generative and agentic AI capabilities to automate workflows, improve efficiency and enable transformative customer experiences.

These technologies are particularly valuable for industries managing complex operations across supply chains, asset maintenance and service delivery.

The company says it will continue to expand its capabilities with the industrial application of generative and agentic AI so that customers can continue to deliver this service.

Mark Moffat, CEO of IFS, says: “IFS’ success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers.

“We have a differentiated proposition that continues to drive momentum in the industrial setting, specifically with the agentic and generative capabilities of IFS.ai, which enables us to be the technology of choice for the businesses that service, power and protect our planet.

“The investment and continued commitment from Hg, EQT and TA will help IFS further accelerate our journey to be the undisputed category leader of industrial software.”

IFS: AI in action

IFS’ technology is employed by a number of household names, including:

• Exelon: IFS.ai enables asset maintenance to be streamlined across energy grids by predicting equipment failures before they occur
• Rolls-Royce: IFS solutions enhance service delivery for its Power Systems business
• TotalEnergies: When it comes to global asset management, IFS is as a unified platform that helps with managing Total’s global portfolio of operated assets.

But IFS is not stopping here.

The company plans to expand its capabilities further by integrating Gen AI into industrial applications. 

This technology promises to revolutionise operations by enabling seamless automation across workflows while reducing human intervention in repetitive tasks. 

Gen AI can also assist in real-time data analysis and quality assurance, empowering industries to overcome infrastructure challenges.

With macroeconomic challenges continuing to impact industries worldwide, companies are increasingly turning to technology providers — like IFS — for competitive differentiation. 

The business' ability to deliver practical AI solutions positions it as a leader in driving digital transformation across essential sectors. 

As demand for Industrial AI grows, IFS is well-positioned to maintain its upward trajectory while shaping the future of enterprise software.

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