# Scaleout Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scaleout-systems

- Industry: Internet
- Headquarters: Stockholm, Sweden
- Website: www.scaleoutsystems.com/
- Total disclosed funding: $1.6M
- Latest round: Seed (Nov 23, 2023)
- Investors on record: 5

## About

Founded in 2017 and based in Stockholm, Sweden, Scaleout Systems AB, operates as a technology company that offers various federated learning solutions catering to air traffic management, medical AI, and many more. In November 2023, Scaleout Systems AB raised EUR 1.5 million in seed funding from Navigare Ventures and S-E Bankens Utvecklingsstiftelse, with participation from returning investors ALMI Invest, Beijerstiftelsen, and Uppsala University. As of 2023, the company is led by its CEO, Andreas Hellander, and has a client base including companies like Eurocontrol, Scania, Philips, and many more.

Scaleout offers a machine learning platform that provides solutions for strategic advantage, smart buildings, data collaboration, edge learning, medical AI, and product development.

The company also provides open-source software development kits that integrate with tools including Jupyter, MLFlow, RStudio, RShiny, Tensorflow Serving, TorchServe, Dash, and Flask to support their solutions. for scalability for efficient coordination and model aggregation.

The company plans to use the November 2023, funding to accelerate the development of its unique technology based on federated machine learning.

## Funding rounds

- Seed, Nov 23, 2023, $1.6M — ALMI Invest, Uppsala University, Navigare Ventures, S-E Bankens Utvecklingsstiftelse, Beijerstiftelsen

## Investors

- ALMI Invest — Seed
- Uppsala University — Seed
- Navigare Ventures (https://capitalatlas.ai/funds/navigare-ventures) — Seed
- S-E Bankens Utvecklingsstiftelse — Seed
- Beijerstiftelsen — Seed