Oden Technologies, a NYC-based data and AI software company servicing the manufacturing industry, raised $28.5M in Series B funding.
The round was led by Nordstjernan Growth, with participation from Klarna founder Sebastian Siemiatkowski’s investment company, Flat Capital, and Recurring Capital Partners, and existing investors, including Atomico and EQT Ventures. Ebba Lilliehöök, from Nordstjernan Growth, and Anders Berggren, an independent manufacturing executive, will join Oden’s board as part of the round.
The company intends to use the funds to further accelerate the development of AI products that solve pressing manufacturing pain points that have led to an industry wide productivity plateau.
Led by CEO Willem Sundblad, Oden Technologies is a provider of AI-driven solutions for manufacturers, transforming complex data points into action for the front-line every day. With real-time process recommendations and predicted outcomes served directly to operators, it ensures front-line workers have the exact information they need — when they need it— to achieve peak production.
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