poLight ASA today announced the successful completion of its initial public offering (IPO). The first day of trading of the company’s shares on the Oslo Stock Exchange is expected to be Monday 1 October 2018 under the ticker OSE: PLT. In the offering poLight has raised 130 MNOK in new funds. See the company’s announcement.
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So far Alliance has created 23 blog entries.
Boost.ai, provider of the world’s most robust virtual assistant platform, announced today the closing of a new round of financing from Alliance Venture. Boost.ai has developed the world’s most robust natural language processing (NLP) algorithms. These algorithms enable virtual assistants built on the James® platform to respond to customer enquiries quickly, efficiently and with unrivaled accuracy. The financing will be used to strengthen the technical and commercial teams within boost.ai, and to support expansion beyond the Nordics. See article (in Norwegian).
Aquabyte raises 3.5 MUSD seed funding; aims to transform fish farming through computer vision and machine learningAlliance 2018-01-30T20:03:03+00:00
Aquabyte, a startup applying computer vision and machine learning models to dramatically optimize fish farming efficiency, today announced a 3.5 MUSD Seed Round of funding co-led by Costanoa Ventures and New Enterprise Associates (NEA) with participation from Alliance Venture, Princeton University and other investors. See press release, Forbes article and Shifter article (Norw).
Arundo Analytics raises 25MUSD Series A funding to bring large-scale machine learning into asset-heavy industriesAlliance 2018-01-26T17:54:47+00:00
Arundo Analytics, a software company powering advanced analytics in heavy industry and Alliance Venture portfolio company, announced today an initial closing of 25 MUSD on its Series A financing round. To date, the company has raised over $32.5 million since its founding in 2015. “This investment is a validation of the product and market strategy our team pursued over the last two years,” said Tor Jakob Ramsøy, CEO of Arundo. See article.
Alliance Venture portfolio company, Swarm64 – an enabler of real-time analytics for high velocity and big data – has raised 12.5 MUSD Series B round led by Intel Capital. The funding will be used to strengthen Swarm64’s position as a global leader in FPGA-based accelerators for relational databases. Alliance Venture participated in the round. See press release in English and article in Norwegian.
Alliance Venture invested early alongside FJLabs and was later joined by several reputable Norwegian investors. Aprila delivers a fully automated on-the-spot financing solution for SMEs with an innovative distribution model. The solution will address the SME funding gap through a seamless integration with established ERP solutions and accounting services. See article in Norwegian.
Northern.tech, a supplier of software for “Securing the World’s Connected Devices”, recently raised a new funding round of 2.5 MUSD, led by Alliance Venture and with Investinor also participating. Northern.tech’s product portfolio includes CFEngine, Mender and Zener.
We have shared our perspectives on the new investment in a blog post.
APEXX, the first single marketplace for global payments, today announced its seed funding round and a grant award, in total 4 MUSD. New investors include Forward Partners, MMC Ventures and Alliance Venture. See article about funding.
Shoreline AS, a data analytics and simulation software company focused on the energy industry, has secured a new funding from a group of international venture capital funds, including Blue Bear Capital, Alliance Venture and Investinor. Shoreline has already taken a strong position in the offshore wind market, providing software-as-a-service (“SaaS”) to many of the largest offshore wind developers and operators.
At the Norwegian National Finale of the Nordic Startup Awards in Tromsø on September 7 Alliance Venture was announced as Investor of the Year based on votes from the public and jury. The Nordic Grand Finale will take place in Stockholm on October 18. See link for more details.