Scaleout raises €1.5M seed – ArcticStartup

Scaleout raises €1.5M seed – ArcticStartup

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Uppsala-based Scaleout Systems has secured a considerable seed funding spherical totaling €1.5 million (17.2 million SEK), attracting traders like Navigare Ventures owned by Wallenberg Investments AB, SEB:s Utvecklingsstiftelse, Almi Invest, and Uppsala University Invest. The firm focuses on pioneering federated machine studying expertise, enabling AI improvement with out transferring delicate knowledge sources, reminiscent of non-public consumer knowledge, medical photographs, or autonomous automobile sensor knowledge. This funding will bolster the corporate’s efforts to additional develop their distinctive expertise, develop market presence, and preserve a number one place in AI improvement, particularly specializing in advancing federated machine studying capabilities, guaranteeing knowledge integrity, and respecting private privateness.
Andreas Hellander, CEO of Scaleout Systems, explains: “This seed spherical is a essential step for us. We safe assets not solely to proceed enhancing our expertise but in addition to develop our market presence. Our purpose is to proceed to be on the forefront of AI improvement, particularly in federated machine studying.”
With its groundbreaking expertise, Scaleout Systems allows machine studying in circumstances the place it’s sophisticated, unlawful, or inappropriate to switch the info sources an AI mannequin wants for coaching. Their resolution is efficient no matter the kind of coaching knowledge, whether or not it’s non-public consumer knowledge from mobiles, diagnostic most cancers photographs from hospitals, or sensor knowledge from autonomous autos.
Ebba Kraemer, former product strategist at Google and now business supervisor at Scaleout Systems, feedback in the marketplace: “We see an elevated want amongst corporations to allow AI on decentralized knowledge sources. A major driving pressure is the big quantity of knowledge collected regionally, “on-edge”, in areas reminiscent of industrial IoT and autonomous autos. At the identical time, it has change into more and more essential to concentrate on private privateness and knowledge safety, as people reside extra linked lives and the dangers and rules in knowledge dealing with enhance.”
With its capability to mix safety and scalability with superior AI expertise, Scaleout Systems positions itself on the forefront of subsequent-technology AI options, the place customers can profit from machine studying with out compromising knowledge safety and private privateness.
Salla Franzén from Navigare Ventures emphasizes the strategic relevance: “Scaleout’s framework for federated machine studying is a crucial key to having the ability to do AI “for actual”, and the group’s strong analysis background, technical information, and marketing strategy make us at Navigare Ventures blissful to spend money on them. We stay up for serving to numerous industrial sectors and analysis teams remedy an essential a part of scalable, future-proof AI.”

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https://arcticstartup.com/scaleout-raises-e1-5m-seed/

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