Peltarion adds $20M in capital and a new investor in the company.

Peltarion, a Stockholm, Sweden-based company developing deep learning artificial intelligence technology, secured SEK 182.1M ($20M) in capital investment. The money was provided by new and existing investors, including FAM, EQT Ventures and Euclidean Capital.

Peltarion, founded in 2014 by Måns Erlandsson and Luka Crnkovic-Friis (CEO), developed a SAAS platform for developing, managing and deploying deep learning systems at scale.

Prior to this deal, the company raised more than $16M.