Annotell secures €5.8 million in Series A from Ernström & Co and Stena Sessan

Annotell, a Gothenburg, Sweden-based software provider that allows mobility companies to ensure high-quality performance of self-driving cars’ perception systems, announced raising a capital round of SEK 60M ($6.6M).

The money was raised from investors from Sweden led by Ernström & Co and Stena Sessan.

Annotell, founded in 2018 by CEO Daniel Langkilde and Oscar Petersson, develops an analytics and annotation platform, which enables carmakers to ensure the performance of self-driving cars’ perception systems.

The company's tech is combining highly automated annotation with detailed quality analytics and data browsing, and reduces the development cost and shortens the production timeline without compromising on safety. The company works with several AD companies such as Zenseact (fmr. Zenuity), a subsidiary of Volvo Cars, and Volvo Group and have a global client base and offices in Gothenburg, Sweden as well as Munich, Germany.

Prior to this round, Annotell raised €1.1 million in seed funding.