Exabel receives NOk 30M from investors including Founders Fund and Stenshagen Invest.

Exabel, an Oslo, Norway-based company developing a financial monotiring tool based on artifical intelligence, secured NOK 30M ($3.83M) in investment funding.

Investors include Stenshagen Invest, Contingency Investment Research and Founders Fund.

Exabel, founded in 2016 and led by CEO Øyvind Grotmol, developed a tool for financial professionals that automatically and continuously sifts through enormous amounts of financial data from a broad range of sources. The tool uses machine learning trained on a decade of historical data, to analyse, compare and make connections in the data.