Scaleout
Seed Round in 2023
Scaleout is a developer of a federated learning platform focused on enhancing cybersecurity within artificial intelligence applications. The platform facilitates decentralized AI deployment, addressing data access challenges related to privacy, regulatory requirements, and latency. It serves both cross-device, such as Internet of Things (IoT) and Edge AI scenarios, as well as cross-silo use cases involving data silos. By enabling developers to maintain data privacy, the Scaleout platform enhances security and ensures compliance with relevant regulations while fostering data partnerships and collaborative machine learning efforts.
Bintel
Venture Round in 2021
Bintel AB is a Swedish company founded in 2018 and based in Helsingborg that specializes in developing and marketing innovative sensors for waste management. Its primary product is a digital waste-management platform that includes sensors mounted on household waste bins. These sensors notify waste collectors when bins are full and communicate with route planning tools to optimize collection routes. This technology is designed to assist recycling companies, real estate firms, and municipalities in reducing waste collection costs and improving overall efficiency in waste management.
Crosser
Venture Round in 2021
Crosser is a technology company that specializes in streaming analytics and integration software, catering to edge, fog, and cloud computing environments. Its platform enables real-time processing of both streaming and batch data, facilitating data transformation, analytics, automation, and integration. By providing real-time analytics and decision-making capabilities akin to those of IoT sensors and devices, Crosser empowers enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This functionality helps organizations minimize costs associated with cloud services and bandwidth, enhancing operational efficiency across various applications.
Xertified
Venture Round in 2020
Xertified is a Sweden-based hardware and cybersecurity company headquartered in Skarpnäck that designs and develops solutions to manage, secure, and analyze connected devices. It offers XoT technology to connect devices with IT environments and provides security and access control for IoT assets. The company develops and supplies hardware and software for partners, distributors, and equipment manufacturers, delivering device-independent protection to secure digital assets in hostile environments.
BeammWave
Seed Round in 2020
BeammWave AB is a Swedish company based in Lund that specializes in the manufacture of radio frequency integrated chips, specifically designed for digital beamforming applications. Founded in 2016, BeammWave develops a single chip that integrates front-end components and antenna arrays, catering to mobile phones and Internet of Things (IoT) devices. The company's technology operates in the millimeter-wave spectrum, supporting 5G and future wireless communication standards. Through its innovative solutions, BeammWave aims to enhance connectivity and performance in modern communication devices.
CargoBeacon
Venture Round in 2019
CargoBeacon designs and manufactures IoT‑enabled logging devices that capture temperature, relative humidity, and acceleration shock data for cargo transportation. The devices record events with precise timestamps, enabling analysis of non‑conforming conditions. In addition, CargoBeacon offers asset‑tracking loggers for industrial and commercial use, employing mesh networking to deliver real‑time location tracking, sensor integration, and continuous data collection. These solutions help businesses monitor environmental conditions, optimize resource use, reduce waste, and improve overall operational efficiency.
C2Amps AB, founded in 2016 and based in Malmö, Sweden, specializes in the manufacturing of nanowire transistors designed for 5G technology and Internet of Things (IoT) applications. The company leverages a unique technology that integrates the high performance of III-V materials with the economic advantages of silicon substrates. By developing indium gallium arsenide (InGaAs) nanowire transistors on silicon substrates, C2Amps achieves exceptional device performance characterized by high operational speeds and elevated breakdown voltages.
Mevia
Venture Round in 2019
Mevia is a Swedish company that designs and manufactures IoT-based pharmaceutical packaging and provides digital tools to support medication adherence. It develops patient-facing applications to help manage treatments and take medicines on schedule, and collaborates with clients to create innovative packaging and IT solutions that enhance the patient experience. The platform offers real-time adherence feedback and a data analytics dashboard that delivers actionable insights to healthcare professionals, while reminders are sent to patients via push notifications, text messages, and automated calls. Founded in 2014 and based in Gothenburg, Mevia aims to improve medical treatment quality by increasing patient support and providing visibility into adherence for clinicians and caregivers.
Crosser is a technology company that specializes in streaming analytics and integration software, catering to edge, fog, and cloud computing environments. Its platform enables real-time processing of both streaming and batch data, facilitating data transformation, analytics, automation, and integration. By providing real-time analytics and decision-making capabilities akin to those of IoT sensors and devices, Crosser empowers enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This functionality helps organizations minimize costs associated with cloud services and bandwidth, enhancing operational efficiency across various applications.
Ekkono Solutions AB
Series A in 2019
Ekkono Solutions AB develops machine learning for the Internet of Things. It provides an embedded analytics engine that runs on connected devices, handling the full workflow from data input and model training to model deployment, retraining and data output. The company serves IoT applications across industries such as energy, telecom, automotive, agriculture, healthcare and housing automation, as well as consumer IoT products including home security gateways, e-bikes and lawnmower robots. Based in Tvååker, Sweden, Ekkono emphasizes edge processing to learn the normal state of each device, enabling anomaly detection, impact analysis, and proactive planning. By processing data locally, it reduces network load and sends only relevant information to the cloud for further analysis, supporting real-time decisions and end-to-end data management.
Bintel
Venture Round in 2019
Bintel AB is a Swedish company founded in 2018 and based in Helsingborg that specializes in developing and marketing innovative sensors for waste management. Its primary product is a digital waste-management platform that includes sensors mounted on household waste bins. These sensors notify waste collectors when bins are full and communicate with route planning tools to optimize collection routes. This technology is designed to assist recycling companies, real estate firms, and municipalities in reducing waste collection costs and improving overall efficiency in waste management.
CombiQ AB
Venture Round in 2019
Founded in 2005, CombiQ specializes in developing Industrial Internet-of-Things (IIoT) machine monitoring systems. Its flagship product, CombiQloud, comprises hardware and software solutions designed to optimize industrial processes. The company manufactures IIoT sensors, operator tags, and gateways, enabling businesses to predict maintenance needs, reduce risks, and improve profitability through automation.
Invotech Solutions AB
Venture Round in 2018
Invotech Solutions AB focuses on enhancing safety and operational efficiency through advanced technology. The company develops a workplace safety platform that allows users to analyze data without requiring programming expertise. This platform offers tools for viewing diagrams and maps, enabling detailed analysis and presentation of information. Additionally, it provides mobile notifications for alarms, issue tracking, and remote control of hardware. By equipping vehicles, production equipment, and personnel with sensors and algorithms, Invotech Solutions aims to facilitate real-time data processing and decision-making, empowering clients to manage their operations effectively from any location.
Bintel AB is a Swedish company founded in 2018 and based in Helsingborg that specializes in developing and marketing innovative sensors for waste management. Its primary product is a digital waste-management platform that includes sensors mounted on household waste bins. These sensors notify waste collectors when bins are full and communicate with route planning tools to optimize collection routes. This technology is designed to assist recycling companies, real estate firms, and municipalities in reducing waste collection costs and improving overall efficiency in waste management.
Mind Music Labs
Grant in 2018
Mind Music Labs is a company focused on revolutionizing the musical instrument industry by developing smart guitars that connect to the Internet. Recognizing the limitations of current musical experiences, the company aims to provide truly wireless, portable, upgradable, and cloud-based solutions for musicians. With an estimated 250 million users, both professional and amateur, spending around $17 billion annually on musical instruments, there is a significant demand for innovation in this sector. Mind Music Labs is creating the ELK MusicOS, a platform designed to serve as the foundation for a new generation of smart instruments. This ecosystem not only enhances the functionality of musical instruments but also integrates various cloud services, positioning the company at the forefront of the evolution in music technology.
Xenergic
Venture Round in 2018
Xenergic AB, founded in 2017 and based in Lund, Sweden, specializes in the development of low-power on-chip memory solutions, particularly extreme low power SRAM. The company focuses on semiconductor intellectual property, providing innovative memory chip designs that cater to a range of applications from Internet of Things (IoT) devices to high-end mobile technology. Xenergic utilizes specialized algorithms to create customized semiconductor chips, enhancing the static random-access memory architecture of system-on-chips (SoCs). This enables designers to achieve optimal energy efficiency and spatial utilization in memory systems, addressing the needs of both consumer electronics and high-performance computing environments.
Exeri AB
Venture Round in 2018
Exeri AB develops Smart Grid Surveillance, a digitization-based system that transforms electric grids into smart grids by fully digitizing networks. The technology monitors the electricity network in real time, providing network owners with up-to-date status, enabling early problem detection and enhanced security. It employs IoT technology, AI-based algorithms, and map-based location data to identify exact error positions, predict maintenance needs, and support real-time decision making. The system also improves safety for field workers and supports renewable energy deployment, including services for charging electric vehicles. Exeri AB was founded in 2009 and is headquartered in Luleå, Sweden.
Hoofstep
Seed Round in 2017
Hoofstep AB is a Swedish company founded in 2015, based in Helsingborg, that specializes in developing an intelligent system for the behavioral analysis and monitoring of horses. The company offers a mobile app designed for horse owners to track their horses' health, condition, movement, and behavior around the clock. The system includes a sensor attached to the horse that collects data on its motion and behavioral patterns. This data is transmitted to a cloud-based database, where algorithms analyze the information to identify any deviations from the horse's normal behavior. Alerts and insights are then communicated to the horse owner through the app, enabling proactive management of the animal's well-being.
Crosser
Seed Round in 2017
Crosser is a technology company that specializes in streaming analytics and integration software, catering to edge, fog, and cloud computing environments. Its platform enables real-time processing of both streaming and batch data, facilitating data transformation, analytics, automation, and integration. By providing real-time analytics and decision-making capabilities akin to those of IoT sensors and devices, Crosser empowers enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This functionality helps organizations minimize costs associated with cloud services and bandwidth, enhancing operational efficiency across various applications.
Ekkono Solutions AB
Seed Round in 2017
Ekkono Solutions AB develops machine learning for the Internet of Things. It provides an embedded analytics engine that runs on connected devices, handling the full workflow from data input and model training to model deployment, retraining and data output. The company serves IoT applications across industries such as energy, telecom, automotive, agriculture, healthcare and housing automation, as well as consumer IoT products including home security gateways, e-bikes and lawnmower robots. Based in Tvååker, Sweden, Ekkono emphasizes edge processing to learn the normal state of each device, enabling anomaly detection, impact analysis, and proactive planning. By processing data locally, it reduces network load and sends only relevant information to the cloud for further analysis, supporting real-time decisions and end-to-end data management.
Videquus
Venture Round in 2017
Videquus AB, based in Skövde, Sweden, specializes in developing an intelligent horse monitoring system designed to enhance horse care and ownership. The company's application is integrated with a camera that utilizes artificial intelligence to detect abnormal motion patterns in horses. This innovative system allows horse owners to monitor their animals remotely, even in low-light conditions, by providing live streaming from the horse's stall. In the event of unusual behavior, the app sends instant alerts to the owner's mobile device, enabling timely intervention to prevent injuries or health issues that may arise during the hours when horses are unattended. Through this technology, Videquus aims to promote safer and more responsible horse ownership.
CloudMe
Seed Round in 2017
CloudMe is a European cloud storage and file synchronization platform for small and medium businesses and consumers. It provides client-side encryption, multi-folder synchronization, and selective cloud offloading, along with network drive style access and a central repository for company files. Positioned as an independent European alternative to major US cloud services, CloudMe emphasizes data privacy and compliance with European data protection standards, offering a secure, device-agnostic solution to store, access, and manage files across locations.
LumenRadio
Venture Round in 2016
LumenRadio AB, founded in 2008 and based in Gothenburg, Sweden, specializes in low power operating systems and radio modules for wireless Internet of Things (IoT) applications. The company designs and develops a wireless mesh network called Mira, alongside manufacturing wireless DMX products aimed at manufacturers and professionals in various sectors. LumenRadio's solutions cater to industrial sensor networks, HVAC and building automation, connected lighting, and entertainment lighting. With a focus on ultra-reliable and ultra-low power device-to-device connectivity, LumenRadio's patented technologies ensure high reliability for critical business applications, supporting the creation of smart and connected products. The company also maintains an additional office in Eschborn, Germany.
SenseNode
Seed Round in 2015
SenseNode is a Swedish company that develops smart energy analytics software and an IoT data collection platform to help enterprises monitor, visualize, and reduce energy usage. Its hardware SenseNode devices provide real-time energy data, while the SenseNode Energy Management System delivers power visualizations, alerts when limits are exceeded, and historical logs to compare production methods. The platform supports filtering data by facility, business unit, machine, and product, and exposes snapshots, trends, and key metrics to support energy savings and operational optimization. The solution targets industrial and commercial customers, with reported energy savings in deployments of about 10-20%. Clients include Trelleborg, Tata Steel, Spendrups, Epiroc, and Nolato.
Imagimob
Seed Round in 2015
Imagimob AB is a Stockholm-based company specializing in artificial intelligence products focused on movement analytics for both objects and people. The company has developed SensorBeat, a comprehensive motion intelligence system that integrates hardware and software components, including sensors, storage, Bluetooth low energy capabilities, and communication ports. SensorBeat is designed for real-time artificial intelligence processing at the edge, allowing for applications such as audio classification, gesture recognition, predictive maintenance, fall detection, and material detection. This platform enables companies to efficiently create and deploy AI applications for embedded devices, enhancing their functionality and responsiveness.
CloudMe
Pre Seed Round in 2015
CloudMe is a European cloud storage and file synchronization platform for small and medium businesses and consumers. It provides client-side encryption, multi-folder synchronization, and selective cloud offloading, along with network drive style access and a central repository for company files. Positioned as an independent European alternative to major US cloud services, CloudMe emphasizes data privacy and compliance with European data protection standards, offering a secure, device-agnostic solution to store, access, and manage files across locations.
CloudMe
Pre Seed Round in 2014
CloudMe is a European cloud storage and file synchronization platform for small and medium businesses and consumers. It provides client-side encryption, multi-folder synchronization, and selective cloud offloading, along with network drive style access and a central repository for company files. Positioned as an independent European alternative to major US cloud services, CloudMe emphasizes data privacy and compliance with European data protection standards, offering a secure, device-agnostic solution to store, access, and manage files across locations.
Percepio
Venture Round in 2013
Founded in 2009 and based in Västerås, Sweden, Percepio develops software tools that simplify embedded software tracing and diagnostics. Its flagship product, Tracealyzer, supports various operating systems like VxWorks, Linux, FreeRTOS, OSE, and RTXC Quadros. Percepio also offers FreeRTOS+Trace for runtime diagnostics, DevAlert for remote monitoring of IoT devices, and RTOS Training for online courses in embedded software development.
Aqwary
Venture Round in 2013
Aqwary is a Swedish company focused on enhancing diving experiences by improving communication among divers and supporting the diving community. The company has developed the Smart Console, an electronic device designed to facilitate information sharing across local subaquatic networks. This innovation allows divers to receive essential data related to distance and direction, promoting a safer and more streamlined diving experience. Aqwary collaborates with dive centers to ensure that their technology is accessible to recreational divers worldwide, aiming to make underwater exploration safer and more enjoyable for everyone.
Arkub Group
Venture Round in 2012
Arkub operate through two subsidiaries:
– Arkubserver, which delivers highly qualified standardized telematics platforms for collecting, processing and presenting data from machinery and other geographically spread resources;
TelliQ, which delivers automated fleet management solutions and mileage logs to owners of company cars in Sweden and Europe.
Forsway
Venture Round in 2011
Forsway designs and manufactures hybrid satellite-terrestrial terminals that deliver low-cost broadband access to end users, particularly in regions with limited infrastructure. The company coordinates product development with partners across the satellite and wireless industries, including the European Space Agency, major satellite service providers and telecom operators, to create high-technology, affordable terminals that maximize the capacity of both networks. Its terminals support DVB-S2 waveforms with outbound modes such as VCM and ACM and can handle up to 16APSK demodulation, and they accommodate mobile standards like 3G WCDMA/HSPA. Forsway's mission is to bridge the digital divide by enabling efficient, easy-to-deploy hybrid networks that bring reliable internet access to rural and remote communities.
Qulsar
Pre Seed Round in 2010
Qulsar specializes in high-precision time synchronization solutions tailored for 5G networks, private mobile communications, industrial IoT, and real-time data systems. Its offerings combine Time Synchronization as a Service (TSaaS) with open and proprietary software running on off-the-shelf hardware, providing scalable and cost-effective solutions.
LumenRadio
Venture Round in 2009
LumenRadio AB, founded in 2008 and based in Gothenburg, Sweden, specializes in low power operating systems and radio modules for wireless Internet of Things (IoT) applications. The company designs and develops a wireless mesh network called Mira, alongside manufacturing wireless DMX products aimed at manufacturers and professionals in various sectors. LumenRadio's solutions cater to industrial sensor networks, HVAC and building automation, connected lighting, and entertainment lighting. With a focus on ultra-reliable and ultra-low power device-to-device connectivity, LumenRadio's patented technologies ensure high reliability for critical business applications, supporting the creation of smart and connected products. The company also maintains an additional office in Eschborn, Germany.