# Aiforia Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aiforia-technologies

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.aiforia.com
- Total disclosed funding: $5.9M
- Latest round: Series A (Dec 1, 2017)
- Investors on record: 3

## About

Aiforia Technologies Oy develops advanced image analysis solutions using deep learning AI and cloud technology, serving pathologists and scientists to enhance diagnostic accuracy and productivity in clinical and research environments.Founded in 2013 and headquartered in Helsinki, Finland, Aiforia Technologies Oy specializes in AI-driven image analysis for pathology. The company raised EUR 25.2 mn in a Series B funding round on June 3, 2021, led by Epredia with participation from Aktia Asset Management. Johan Lundin is the founder of Aiforia and has a history of involvement in innovative technology ventures.Aiforia offers advanced image analysis solutions that leverage AI and cloud technology aimed at enhancing productivity and accuracy in pathology diagnostics. Key products include the Aiforia® Breast Cancer Suite and Aiforia® Prostate Cancer Suite, which provide AI-supported diagnostics, intelligent visualization, and comprehensive reporting tools. Their solutions cater to pathology labs, pharmaceuticals, and academic institutions across Europe and North America, facilitating fully automated workflows and improving the interpretation of complex medical images.In the year 2023, Aiforia generated revenue of EUR 2,595,582.60, while reporting an EBITDA loss of EUR 10,498,146.70. Their business model operates predominantly on a subscription basis, providing tailored licensing agreements for their clinical and research solutions.Following the EUR 25.2 mn raised in Series B funding in June 2021, Aiforia Technologies Oy plans to strengthen its presence in the pharmaceutical sector globally and develop new platforms for diagnosing common cancers. This funding will support their initiatives to enhance diagnostic capabilities and expand their services into new markets, targeting additional regions for growth.

## Funding rounds

- Series A, Dec 1, 2017, $5.9M — ACME Investments, STO-Rahoitus, Ascend

## Investors

- ACME Investments — Series A
- STO-Rahoitus — Series A
- Ascend — Series A