Memory.ai is an Oslo-based startup known for Timely, a time-tracking app that has racked up 500,000 users since 2014 and more than 5,000 paying businesses in 160 countries. Its core product, Timely, passively tracks time by integrating with a user’s computer and matching open files and scheduled tasks (it records file titles, not document contents). The company is extending beyond time tracking into AI-driven productivity apps: Dewo, aimed at enabling deep work by filtering distractions, and Glue, a knowledge hub to aid creative work, both due later in the year. Memory.ai emphasizes personalization and privacy so managers can bill hours without seeing detailed user activity. The team plans to use AI nudges to help users prioritize important work and avoid unproductive tasks. The company recently raised new funding to accelerate these product launches and expansion. Memory builds Timely, a fully automatic time-tracking tool that records employee activity and uses machine learning to generate accurate timesheets. The product captures files, locations, websites, calendar and email and applies a recurring neural net to analyse activity and assign time. Timely is used by more than 4,000 paying businesses across 160 countries. Founder Mathias Mikkelsen, a designer who turned down a job at Facebook, leads the company. Memory plans to double its current 30-person team and is developing new tools to improve the "quality of time." The company will use funding to refine Timely’s AI model and accelerate international growth.

Total raised

$19M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021