Inovia provides enterprise AI solutions and a platform that helps companies explore AI use within their IT landscapes. The company has developed AI tools and frameworks including an AI-based virtual assistant (AIVA) and a Voice-to-Text application for Swedish. Inovia plans to accelerate development and commercialization of its AI products and solutions and to expand into other Nordic countries. Founded in 2012, the company is Sweden-based and employs around 50 people. Financially, Inovia expected revenues of nearly SEK 90 million in 2018. The recent funding is intended to support product development, commercialization and regional expansion.

Total raised

$17M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2018