Smoc AI to raise$260k from Gvalue Invest

Smoc AI, an Oslo, Norway-based ad-tech startup, completed a NOK 2.5 million ($260k) capital investment.

The funding was provided by local investors, including GValue Invest. In addition to it, the company secured an innovation grant of NOK 800k from Innovasjon Norge.

Smoc AI (The Smooth Operating Company AI), founded in 2019 by Kristoffer Kvam and Elisabeth Falch Slinning, developed a SAAS platform for brands advertising providing user benefits for people consuming ads.