Peltarion raises SEK 30M from EQT Ventures

Peltarion, a Stockholm, Sweden-based startup providing AI-based products and services, raised SEK 30M ($3.5M) in an equity funding round.

The money comes from EQT Ventures and is aimed to support the development of a future product that is yet to be announced. The investment was made at a SEK 65M ($7.5M) pre-money valuation.

Peltarion, founded in 2014 by Måns Erlandsson and Luka Crnkovic-Friis, is a software company that develops AI-based software services and products for clients such as Tesla or NASA.