# Arkion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arkion

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.arkion.co
- Total disclosed funding: $2.7M
- Latest round: Seed (Jan 19, 2021)
- Investors on record: 3

## About

Arkion, based in Stockholm, Sweden, develops AI-driven asset intelligence solutions tailored for power grids, enhancing operational efficiency for utilities globally.Founded in 2019, Arkion specializes in asset analytics for power grid operations. The company has not undergone any significant strategic pivots and operates independently. David Wickström, the founder, has experience in tech startups. As of July 2024, Arkion raised USD 4 million in a venture funding round led by Subvenio Invest, with participation from Antler and Neptunia Invest, bringing the total amount raised to USD 4 million across multiple deals.Arkion Asset Analytics focuses on AI-powered asset intelligence solutions for power grids. Their web-based analytics platform integrates high-resolution photos, thermal images, and LiDAR data to provide utilities and grid operators with insights into asset performance. Key clients include E.On Sweden, which uses Arkion's services for overhead line inspections, particularly in Europe and North America, where reliable grid management is essential.In the most recent fiscal year of 2022, Arkion reported a revenue of USD 209,701.9, with an EBITDA of USD -1,768,352.9. The company follows a subscription-based model for its analytics platform, enabling utilities to access its tools and services through annual or multi-year contracts, supplemented by partnerships for data integration.Following the USD 4 million funding raised in July 2024, Arkion plans to utilize the capital for the development of new products aimed at enhancing their analytics capabilities. The company is also targeting expansion into additional markets within Europe and North America, focusing on regions where advanced power infrastructure is necessary. Specific release dates for new product offerings have not been disclosed, but the funding will support Arkion's strategic initiatives in product development.

## Funding rounds

- Seed, Jan 19, 2021, $2.2M — Antler, Subvenio Invest, Next Human Ventures
- Seed, Jan 13, 2020, $0.5M — Antler

## Investors

- Antler (https://capitalatlas.ai/funds/antler) — Seed
- Subvenio Invest (https://capitalatlas.ai/funds/subvenio-invest) — Seed
- Next Human Ventures — Seed