Starcounter closes SEK 35M in fresh funding.
Starcounter, a Stockholm, Sweden-based technology company closed a SEK 35M financing in a new investment round.
Starcounter, founded in 2006 by Joachim Wester and led by CEO Per Edström, developed technology that combines AI, new patented in-memory, with well-established languages and software patterns for ultra fast development of high performance business applications. The company recorded a turnover of approximately SEK 10M ($1.2M) with a loss of SEK 19M in 2016.
Prior to this transaction, Starcounter raised about $20M in outside investment.