# Hopsworks

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

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.hopsworks.ai
- Total disclosed funding: $7.4M
- Latest round: Series A (Jul 13, 2021)
- Investors on record: 4

## About

Hopsworks is a provider of Real-time AI Lakehouse solutions, offering a platform that integrates data lakes, warehouses, and feature stores to enhance machine learning operations for businesses.Founded in 2016, Hopsworks operates from Stockholm, Sweden, and specializes in AI lakehouse technologies. The company was co-founded by Ermias Gebremeskel, Jim Dowling, and Mahmoud Ismail, with Jim Dowling currently serving as CEO. Hopsworks has successfully completed three funding deals, with its most recent financing round occurring on June 29, 2023, raising USD 6.5 mn led by Vendep, alongside participation from Industrifonden and Inventure. To date, Hopsworks has raised a total of USD 6.5 mn.Hopsworks delivers an integrated platform combining data lakes, data warehouses, and feature stores, focusing on real-time database solutions like RonDB, which offers sub-millisecond latency. The feature store enhances data retrieval with millisecond latency, aimed at clients in various sectors, including finance, healthcare, and technology, who seek to optimize their machine learning capabilities. Their solutions are utilized across North America, Europe, and parts of Asia, adapting to cloud, hybrid, and on-premises setups.In 2022, Hopsworks reported revenue of USD 448,700.2, with an EBITDA of USD -2,055,772.5, reflecting the company’s financial activities during the year.Following the most recent funding round on June 29, 2023, in which Hopsworks raised USD 6.5 mn, the company aims to enhance its commercial operations in the US market and fortify its technological advancements. This funding will support their strategy to penetrate new markets and bolster product development, focusing on delivering innovative solutions to meet the growing demands within the machine learning landscape.

## Funding rounds

- Series A, Jul 13, 2021, $5.9M — Inventure, Industrifonden
- Seed, Sep 21, 2018, $1.5M — Inventure, Frontline, Artificial Intelligence Seed Fund

## Investors

- Inventure (https://capitalatlas.ai/funds/inventure) — Seed, Series A
- Frontline (https://capitalatlas.ai/funds/frontline) — Seed
- Artificial Intelligence Seed Fund (https://capitalatlas.ai/funds/artificial-intelligence-seed-fund) — Seed
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series A