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Hyvinkää-based Keto Software has raised €8.4 million in a funding round led by Emerald Technology Ventures, with participation from Greencode Ventures, Sinituote’s Ilkka Brotherus, and Kimmo Rauma of Trauma Holding. The round includes €6.4 million in equity and €2 million in loans, propelling Keto’s mission to expand globally and enhance its AI-driven, no-code Strategic Portfolio Management (SPM) platform. Known for delivering real-time visibility into corporate R&D&I performance, the platform bridges investments with strategic objectives, empowering industrial leaders like Kone, Fortum, and Valmet to measure ROI and streamline operations. Keto plans to use the funding to accelerate product development and market reach, solidifying its role as a pivotal tool for companies pursuing innovation and sustainability.
As industrial companies invest heavily in R&D&I (research, development and innovation), many lack the tools to measure the returns on these investments and connect them with the corporate strategy and objectives. With its advanced AI+ integration & user experience, Keto Software provides clients with real-time visibility into strategic portfolio performance.
In contrast to industry incumbents whose platforms feel outdated and cumbersome, Keto offers a modern, intuitive alternative. The no-code platform drastically reduces setup times, enabling businesses to configure the software to their specific needs without expensive hardcoding.
A significant number of Keto clients operate in industries prioritizing innovation, including renewable energy, industrial manufacturing and packaging. Large industrial companies such as Kone Elevators, Danfoss, Valmet, Metso, Fortum and Alpiq use Keto Platform to connect their objectives and strategies with all the execution investments in R&D&I.
Keto delivers seamless integration with other systems such as HR, ERP and task management to become a one place of truth for all R&D&I activities. Keto’s customers get better transparency and results in all these investments. The company’s distinctive ‘meadow’ brand identity, inspired by its Finnish roots, symbolizes a fresh, natural approach to innovation and environmental mindfulness. Keto’s platform is particularly valuable for companies pursuing sustainability goals, allowing them to see and manage the true ROI on these investments.
“R&D and innovation make up a significant portion of corporate investment,” says Veijo Hytti, CEO of Keto Software, “Keto bridges these investments with strategic objectives, maximizing returns and delivering measurable impact for our clients.”
“Leading companies across the industrial landscape have already realized the vast promise of Keto’s SPM software,” says Michal Natora, Senior Investment Director at Emerald, “and we think Keto Software has all the ingredients to become a leader in this space.”
Click to read more funding news.
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Read the orginal article: https://arcticstartup.com/keto-software-raises-e8-4m/
