LOUHE.ai, an Oulu, Finland-based startup leveraging machine learning and explainable AI to gather data from campuses and buildings, has raised over €3 million in funding.
Investors
The round was led by Lifeline Ventures, with participation from previous investors and tech industry veterans.
Lifeline Ventures is a Helsinki-based early-stage VC firm focused on investing in future trendsetters across various industries. They have invested in over 100 companies, with investments ranging from €100K to €2M, typically participating in angel, seed, and Series A rounds.
LOUHE.ai Use of Funds
The company plans to use the funds to accelerate international growth and drive innovation in its cyber-physical security solutions.
About LOUHE.ai
Founded in 2020 by Jukka Laakso, Hannes Huotari, Eira Hurskainen, and Kary Främling, LOUHE.ai provides cyber-physical security solutions powered by explainable artificial intelligence (AI) and machine learning. The company develops innovative services designed to improve the safety and security of physical environments, such as buildings and large properties, by integrating AI with real-time security monitoring and predictive analysis. Their clients include major organizations like Yleisradio (Finnish Broadcasting Company) and Finavia, along with international partnerships that include Securitas Technologies and other firms in the Baltic region.
Funding Details
Company: Louhe Oy
Raised: €3.0M
Round: Undisclosed
Funding Date: October 2024
Lead Investor: Lifeline Ventures
Additional Investors:
Company Website: https://louhe.fi/
Software Category: Cyber-Physical Security Solutions
Source: https://louhe.fi/louheai-raised-3million-funding