# Altum Technologies

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

- Industry: Business Support Services
- Headquarters: Helsinki, Finland
- Website: www.altumtechnologies.com
- Total disclosed funding: $1.1M
- Latest round: Series A (Aug 21, 2018)
- Investors on record: 3

## About

Altum Technologies Oy develops innovative solutions utilizing high-power ultrasound technology to combat fouling and scaling issues in industrial processes, enhancing operational efficiency across various sectors.Founded in 2016, Altum Technologies Oy is headquartered in Helsinki, Finland. The company specializes in advanced ultrasound solutions to address critical challenges in liquid-carrying equipment. Its founder, Mikko Tainela, has a history in founding technology-focused companies. In January 2022, the company raised EUR 5 million in a GROWTH funding round from investors including LähiTapiola, Maki.vc, and Tesi. To date, Altum has completed a total of 3 deals and raised a total of EUR 5 million.Altum Technologies specializes in advanced solutions that leverage high-power ultrasound technology to mitigate fouling and scaling in liquid-carrying equipment. Their flagship product, the Zero Process Downtime (ZPD) solution, effectively prevents and removes fouling without halting production, enhancing process efficiency in applications across the biogas, pulp and paper, and chemical processing sectors. By utilizing ultrasound properties, Altum's technology reduces maintenance needs, energy consumption, and reliance on hazardous chemicals. The company serves clients in various industries including oil and gas, energy, and food and beverage, with a strong presence in international markets in Europe, North America, and Asia.In 2023, Altum Technologies generated revenue of EUR 877,004. The company reported an EBITDA loss of EUR 1,741,359. Revenues are primarily derived from direct B2B transactions with industrial clients, who engage in contracts that typically include setup fees and ongoing service agreements for the ultrasound technology's maintenance and optimal performance.Following its most recent funding round in January 2022, where Altum Technologies Oy raised EUR 5 million, the company plans to utilize this capital to strengthen its global operations and expand its customer base. The focus is on enhancing its market presence and developing new products that cater to specific industry needs, aiming for timely market entry in targeted sectors. The funding will support initiatives that broaden Altum's reach and reinforce its commitment to providing effective solutions for industrial customers.

## Funding rounds

- Series A, Aug 21, 2018 — Lifeline Ventures, Maki.vc
- Seed, Dec 31, 2016, $1.1M — Lifeline Ventures, Finnish Funding Agency for Technology and Innovation

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed, Series A
- Finnish Funding Agency for Technology and Innovation — Seed
- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Series A