# Peltarion

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

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.peltarion.com
- Total disclosed funding: $24M
- Latest round: Series A (Dec 31, 2018)
- Investors on record: 3

## About

Peltarion AB, founded in 2004 and based in Stockholm, Sweden, specializes in providing an artificial intelligence platform to enhance the development and deployment of deep learning applications for various industries.Peltarion AB offers a platform that facilitates the creation and management of AI models for organizations across different sectors. It was founded by Måns Erlandson and Måns Essén. The company has raised a total of SEK 150.000 mn through various funding rounds, with the latest funding round occurring on June 13, 2022, led by investors EQT, Euclidean Capital, and FAM AB. The headquarters is situated in Stockholm, Sweden.Peltarion specializes in providing a comprehensive artificial intelligence platform designed to streamline the development and deployment of deep learning applications. Their platform features a user-friendly interface that empowers data scientists and developers to efficiently build, train, and manage AI models. This service caters to sectors such as healthcare, finance, and manufacturing, addressing complex use cases like predictive analytics, image recognition, and natural language processing. The company serves customers primarily in North America and Europe, where the demand for AI-driven solutions continues to grow rapidly.In 2022, Peltarion reported a revenue of SEK 7,468,908.60 and an EBITDA of SEK -2,771,761.40, operating on a subscription-based revenue model that allows clients to access its AI platform through various pricing tiers tailored to their specific needs.Following its recent acquisition on June 13, 2022, Peltarion AB aims to enhance its AI and machine learning capabilities. Future growth plans include developing new products designed to further support businesses in integrating AI. The company is also strategizing to expand into additional geographic regions to reach new markets. The recent funding will be instrumental in hiring talent necessary for these initiatives.

## Funding rounds

- Series A, Dec 31, 2018, $20M — EQT, Euclidean Capital, FAM AB
- Seed, Oct 12, 2016, $3.4M — EQT

## Investors

- EQT (https://capitalatlas.ai/funds/eqt) — Seed, Series A
- Euclidean Capital — Series A
- FAM AB — Series A