Peltarion, a Stockholm, Sweden-based deep learning AI company, secured €11m in funding.
Backers included FAM and EQT Ventures.
The company intends to use the funds to scale operations.
Led by Luka Crnkovic-Friis, founder and CEO, Peltarion provides a collaborative, graphical cloud platform for developing, managing and deploying deep learning systems at scale.
Founded in 2004, over 300 companies and organizations have used Peltarion’s AI technology including NASA, Tesla, General Electric, Dell, BMW, Deutsche Bank, Lloyds Banking Group, and the Universities of Harvard, MIT and Oxford.