Stockholm-based Starhive has secured $5 million in a pre-Series A funding round led by Ventech, with participation from existing investor node.vc. This new round follows a $3 million seed round in September 2024. The company, which provides a platform for IT asset and service management, plans to use the funding to enhance its AI capabilities, including predictive simulations and real-time data analysis, aimed at improving resource planning and operational efficiency. Starhive’s platform addresses inefficiencies in managing IT assets such as laptops, servers, and software licenses—areas often tracked manually or through outdated systems. Founded by Tommy Nordahl and Mathias Edblom, who previously co-founded Mindville (acquired by Atlassian in 2020), Starhive continues to expand with the addition of Joel Uddén from Ventech to its board.
Many organisations struggle to track IT assets like laptops, servers, and software licenses, often relying on outdated spreadsheets or rigid systems. Additionally, IT teams must handle other data like service catalogues, contracts, vendors, regulations and employees which are often scattered and not centralised. All of this leads to unnecessary spending, underused resources, and delayed decision-making. IT support and maintenance suffer from similar inefficiencies, with teams working reactively rather than proactively.
Having refined its no-code app builder, designed to allow IT teams to build bespoke applications for their businesses, Starhive has since focused its offering to encompass a full suite of tools for asset and service management to help solve these ongoing issues faced by businesses. The company will use the capital injection to integrate different AI capabilities, including conversational AI, into IT asset and service management, allowing teams to analyse and interact with vast amounts of data in real-time. This will help businesses in simulating future scenarios, reallocating underused assets, and ensuring software licenses are used efficiently, helping businesses cut costs and optimise resources.
Ventech’s Joel Uddén will also be joining the Starhive board, bringing a wealth of experience as an investor and off the back of two successful exits in SaaS as an entrepreneur.
Starhive’s co-founders Tommy Nordahl and Mathias Edblom bring 40+ years of combined industry experience, having also co-founded Mindville in 2012, an IT asset and configuration management company that was acquired by Atlassian (www.atlassian.com) in 2020. Starhive’s current team of 17 includes 9 former employees from Mindville.
Unlike existing solutions that focus AI solely on service management, Starhive’s approach applies AI directly to asset management, addressing a critical gap in the industry. Instead of manually analysing data, IT staff can simply ask AI for recommendations, making decision-making faster and more efficient. For example, users can request alerts when warranties are due to expire or other critical conditions are met in order to get ahead of potential problems. The result is a shift from reactive to predictive management, reducing waste, improving resource planning, and enhancing overall operational efficiency.
Starhive CEO & Founder Tommy Nordhal adds: “IT teams often rely on manual processes or rigid off-the-shelf software that fails to adapt to their specific needs, leading to inefficiencies and unnecessary costs. By integrating AI into asset and service management, Starhive provides a seamless, intelligent solution that combines the simplicity of ready-made software with the adaptability of a custom-built system. This investment will accelerate the development of our AI-driven capabilities, making IT operations more efficient and accessible to businesses worldwide.”
Starhive continues to offer a no-code app builder allowing users to create apps that meet their precise, unique needs. This includes anything from creating apps to request assets or approve changes to IT infrastructure, to an onboarding app for new employees.
Ventech VC’s Joel Uddén says: “Starhive is addressing a significant gap in the IT management space by bringing AI to asset management, an area that has remained largely manual and inefficient. The ability to predict asset needs, optimise allocation, and reduce costs through AI-driven insights gives Starhive a clear competitive advantage. With businesses increasingly looking for smarter, more adaptable IT solutions, Starhive is well-positioned to scale rapidly in a market that is ripe for innovation. This investment is an opportunity to be part of the future of AI-driven enterprise efficiency. At Ventech, we are thrilled to back experienced and visionary serial entrepreneurs like Tommy and Mathias, and support them in their go-to-market strategies thanks to our global presence.”
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Read the orginal article: https://arcticstartup.com/starhive-raises-5-million-pre-series-a/
