NordicNinja Leads Seed Round Investment in Swedish AI Startup Redpine

Q: What is the source and date?

Source: https://prtimes.jp/main/html/rd/p/000000006.000119067.html | Date: Date unavailable

NordicNinja, one of the largest Japanese venture capital firms in Europe, is pleased to announce its lead investment in a 6.8 million euro seed round for Swedish AI startup Redpine. Luminar Ventures and node.vc (both Stockholm-based venture capital firms) also participated in this round. This funding will accelerate Redpine's global expansion. To achieve this, the company will further accelerate the development of its platform, including the advancement of its unique search and re-ranking technology, led by its co-founder and data scientist, Leonora Vesterbacka. Redpine will also strengthen its collaboration with leading global AI research institutions. Furthermore, the funding will be used to expand data partnerships with data owners to secure access to high-value, private data in key industries. Redpine will also strengthen its recruitment in engineering, data science, and go-to-market strategy. Its core team consists of talent with experience from leading Nordic tech unicorns such as Spotify, SanaLabs, Zettle, and Lunar, as well as global companies like McKinsey, CERN, and H&M. Marek Kiisa, General Partner at NordicNinja, will also join the company's board of directors. Strategic angel investors in this round include founders of leading European AI companies such as Peter Sarlin (co-founder of Silo AI), Patrik Tran (co-founder of Validio), and Anna Nordell Westling (co-founder of Sana), as well as leaders from OpenAI, Perplexity, and Spotify. **Closing the "Data Gap" in AI** Currently, publicly available data for AI training accounts for only 1-2% of the world's total data. Redpine was founded in 2024 by Anders Hammarbäck and David Österdahl to close this "AI information gap." Through partnerships with data owners, the company aims to provide trusted, private, and premium data in compliance with regulations. It has already established collaborations with leading global AI research institutions and the US biotechnology company AsedaSciences. Anders, a former ventu

NordicNinja Leads Seed Round Investment in Swedish AI Startup Redpine

AI Summary (NQ-processed)

AI Analysis