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.
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So far Alliance has created 19 blog entries.
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.
Alliance Venture has made a new portfolio investment in MemoScale, a NTNU spin-off and data storage software company. MemoScale has developed the Next Generation Erasure Coding software providing extreme capacity utilization and performance for data storage systems. Article in Norwegian: http://bit.ly/2oIIcwQ