Oulu-based startup Louhe Oy has secured €3 million in a round led by Lifeline Ventures with the participation of previous investors and tech veterans. The company gathers essential data sources from campuses and buildings to create intelligent situational awareness utilizing machine learning and Explainable AI. The recent funding round will enhance their services and feed their mission to explore new markets.
Founded in 2020, Louhe Oy is revolutionising cyber-physical security with the help of advanced data analysis and explainable artificial intelligence. The company’s customer base includes, among others, Finnish Broadcasting Company (Yleisradio), The Social Insurance Institution (Kansaneläkelaitos) and Finavia. Company’s international network of partners includes, for example, Securitas Technologies and Forus, which operates in the Baltic region.
“We are very satisfied with this funding round, which allows us to invest even more, especially in accelerating international growth. This is an important step on our journey towards a greater global presence”, says LOUHE.ai CEO Janne Pirttilahti.
LOUHE.ai offers its customers technology-based solutions that have revolutionised the field of cyber-physical security by bringing different data sources together in an understandable and predictive form. The company’s machine learning and explainable artificial intelligence can anticipate security threats and detect deviations proactively before the threat has already materialised.
Petteri Koponen, Partner of Lifeline Ventures, comments: “We are excited to be able to support this funding round. LOUHE.ai team is very competent and their innovative solutions based on explainable artificial intelligence stand out in the market. We strongly believe that LOUHE.ai will succeed internationally and grow even more.”
LOUHE.ai is constantly developing its services to improve cyber-physical security and several new launches are coming. Among other things under development are Insights analyses of door magnetic data, machine vision-based automatic creation of floor maps, and a “virtual agent” monitoring the security of properties around the clock.
“We constantly strive to develop new innovative solutions to meet various cyber-physical security needs. LOUHE.ai’s new technologies take security predictability and control to a completely new level”, Hannes Huotari, Chief Technology Officer and one of the company’s founders, summarises.
LOUHE.ai aims to create a safer and more predictable future for companies and communities around the world. The latest funding round enables significant investments in international growth and technological innovations that will further revolutionise the field of cyber-physical security. LOUHE.ai continues to develop and expand its services, offering its customers unique solutions to build a safer future.
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Read the orginal article: https://arcticstartup.com/louhe-raises-e3m/
