Profilence, an Oulu-based software company specializing in optimizing the stability, performance, and energy consumption of Android-based devices, has secured a significant investment from Nordic Option. While the exact funding amount remains undisclosed, this strategic investment allows early-stage investors to exit the company. With Nordic Option, backed by major shareholders including Arvo Investment Cooperative, Partnera Plc, and the City of Oulu, Profilence plans to leverage the funding to accelerate its international expansion, particularly targeting the automotive and smart devices sectors. This influx of capital will enable Profilence to enhance its technology, expand its global footprint, and drive further growth.
Profilence, established in 2014 by former Nokia Mobile Phones employees, focuses on optimizing the stability, performance, and energy consumption of Android-based devices through its Quality Analytics Suite. The company’s software solutions aid in detecting and addressing software defects early in the development process. Profilence serves various industries, including smart devices, medical devices, and automotive sectors, providing real-time feedback to enhance overall product quality. The company’s approach emphasizes innovation, transparency, and efficiency, aiming to streamline QA processes and improve software reliability.
“Profilence has a strong desire to grow, and we have already demonstrated our capability to succeed beyond the Finnish market. Going forward, we will focus even more on international expansion, especially in the automotive and smart devices segments,” says Sami Utriainen, CEO of Profilence. “We would like to thank our previous investors and warmly welcome Nordic Option, a partner from Oulu that aligns perfectly with our team’s deep regional roots”, continues Utriainen.
Founded in 2014, Profilence is an IT company based in Oulu employing over 20 people. The company’s software solutions are designed to analyze and optimize the stability, performance, and energy consumption of Android-based devices. Profilence has customers, partners, and professionals globally.
“Profilence is an award-winning growth company that has been systematically built step by step. The company possesses a clever technology solution and an excellent team. In its new strategy, the company has set a goal for stronger international growth, and it is both an honor and a pleasure for Nordic Option to be involved in this effort,” adds Teemu Puumalainen, Investment Director at Nordic Option.
Nordic Option is a venture capital fund investing in growth companies in Northern Finland, with major shareholders including Arvo Investment Cooperative, Partnera Plc, and the City of Oulu. The company aims to provide a northern alternative to enable growth and internationalization for small and medium-sized enterprises.
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Read the orginal article: https://arcticstartup.com/profilence-raises-funding/
