Intelecy, an Oslo, Norway-based no-code AI platform specifically tailored for industrial engineers and plant operators, raised USD3.5m in funding.
The round was led by Yara, with participation from GC Rieber, Aidiom, and Investinor. Erkki Altonen, CEO of Yara Growth Ventures, and Egil Garberg, investment director of Investinor, joined the board of directors.
The company intends to use the funds to strengthen marketing, sales, and product development.
Led by Bertil Helseth, CEO, Intelecy provides a no-code AI platform specifically tailored for industrial engineers and plant operators, eliminating the need for manual coding. By utilizing the platform, process engineers can rapidly create AI models to optimize processes that reduce waste, emissions, energy consumption and costs.
Intelecy serves customers in the chemicals, energy, food and beverages, mining and minerals, and utilities industries.
FinSMEs
28/06/2023