This post was originally published on this site.
Oulu-based LOUHE.ai, a startup that gathers essential data sources from campuses and buildings and creates intelligent situational awareness utilizing machine learning and Explainable AI, raised more than €3 million in funding in its latest funding round, especially to speed up its international growth.
In addition to Lifeline Ventures, which acts as the main investor, several companies that participated in previous rounds as well as individuals with long careers in the technology industry participated in the funding round.
“We are very satisfied with this funding round, which allows us to invest even more, especially in accelerating international growth. This is an important step on our journey towards a greater global presence,” said LOUHE.ai CEO Janne Pirttilahti.
Petteri Koponen, Partner of Lifeline Ventures, commented: “We are excited to be able to support this funding round. LOUHE.ai team is very competent and their innovative solutions based on explainable artificial intelligence stand out in the market. We strongly believe that LOUHE.ai will succeed internationally and grow even more.”
LOUHE.ai offers its customers technology-based solutions that have revolutionised the field of cyber-physical security by bringing different data sources together in an understandable and predictive form. The company’s machine learning and explainable artificial intelligence can anticipate security threats and detect deviations proactively before the threat has already materialised.
LOUHE.ai is constantly developing its services to improve cyber-physical security and several new launches are coming. Among other things under development are Insights analyses of door magnetic data, machine vision-based automatic creation of floor maps, and a “virtual agent” monitoring the security of properties around the clock.
“We constantly strive to develop new innovative solutions to meet various cyber-physical security needs. LOUHE.ai’s new technologies take security predictability and control to a completely new level,” Hannes Huotari, Chief Technology Officer and one of the company’s founders, added