# Shoreline AS

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

- Industry: Software
- Headquarters: Stavanger, Norway
- Website: www.shoreline.no
- Total disclosed funding: $4M
- Latest round: Series A (Mar 10, 2020)
- Investors on record: 4

## About

Shoreline AS is a firm specializing in advanced data integration and simulation software for optimizing the design, construction, and operation of wind farms, enhancing operational efficiency and safety.Founded in 2014 in Stavanger, Norway, Shoreline AS focuses on streamlining wind farm operations. The company has secured a total of 4 deals, with its most recent investment round in June 2022, raising NOK 7.5 million from investors including Ecosystem Integrity Fund, Ferd Capital, and Blue Bear Capital. The CEO, Ole-Erik Endrerud, has led the company through its strategic initiatives, positioning it for continued growth in the renewable energy sector.Shoreline Wind provides an integrated platform designed to optimize wind farm logistics, installation, and field services through sophisticated data integration and simulation software. Their offerings enable stakeholders, including developers and operators, to enhance production capabilities and mitigate operational risks. The company's solutions foster collaboration across project phases, delivering actionable insights that facilitate effective resource management and operational safety on significant projects globally, including in the U.S., Japan, the Philippines, and South Korea.For the most recent fiscal year 2023, Shoreline AS reported revenues of NOK 2,186,503, while its EBITDA stood at NOK -3,337,103.6, reflecting the challenges faced in the competitive wind energy market.Following the NOK 7.5 million funding round in June 2022, Shoreline AS aims to further develop its technology and expand its global footprint in the wind energy sector. The funds will support the launch of new products, enhancing their current AI-powered platform and simulation solutions. The company plans to target expansion into additional geographic markets, leveraging recent developments to capture emerging opportunities in renewable energy.

## Funding rounds

- Series A, Mar 10, 2020, $4M — Alliance Venture, Ingenious Ventures, Investinor, Blue Bear Capital
- Seed, Oct 17, 2017 — Alliance Venture, Investinor, Blue Bear Capital

## Investors

- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Seed, Series A
- Investinor (https://capitalatlas.ai/funds/investinor) — Seed, Series A
- Blue Bear Capital (https://capitalatlas.ai/funds/blue-bear-capital) — Seed, Series A
- Ingenious Ventures (https://capitalatlas.ai/funds/ingenious-ventures) — Series A