Basemark, a Helsinki, Finland-based software company specialising in graphics and autonomous driving vehicle software, closed a €7m equity funding round.
The round was by ETF Partners (Environmental Technologies Fund). In conjunction with the funding, Remy de Tonnac of ETF partners, will also join the Board, together with Jarkko Virtanen, ETF’s Nordic venture partner, as Board Observer.
The company intends to use the funds to accelerate growth in the field of Autonomous Vehicles.
Founded in 2015 by Chairman Tero Sarkkinen and led by CEO Keith Silverang, Basemark develops Rocksolid Engine, a real-time graphics and compute software solution for mission-critical industrial applications. Basemark also develops system performance evaluation tools such as Basemark Automotive Testing and Basemark GPU. In few years, the company grew its business to over $10m in revenue and achieved profitability. Its customer base includes world-class automotive OEM and SoC companies.