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Published: 2020-10-21

Top listed AI startups based on research at Umeå University

NEWS Algoryx, Infobaleen, Prediktera and Shimmercat, all spin-offs from Umeå University, are all among the brightest startups within AI in Sweden.

Text: Mikael Hansson

This is according to the high level Swedish AI startup landscape map, curated by the organisations AI Sweden, Ignite Sweden and RISE. The map is part of an ongoing European initiative to create a landscape of AI startups in each country.

"We believe startups will make a big difference in accelerating the Swedish AI ecosystem and through this mapping we aim to support the growth of AI startups,” says Katarina Fégeant, Project manager at AI Sweden.

Strong connection to Umeå University

All four startups from Umeå has a close connection to research at Umeå University.

  • Algoryx was founded in 2007 by four researchers at Umeå University. Together they combined extensive competence in computational physics, mathematics, computer graphics and computing science.
  • Infobaleen has built, on research at Umeå University, an AI-powered platform that transforms transactional data into insights about customers and their behaviors.
  • Prediktera has its roots in multivariate data analysis research at Umeå University and a spin-off named Umbio.
  • ShimmerCat is a startup company founded by researchers from Umeå University. The company has a solution for the e-commerce challenge of creating faster loading times.

Creating innovation and growth

Startups really have an important role in creating innovation and growth - especially in the field of AI. This is why AI Sweden, Ignite Sweden and RISE are screening Sweden to find the best AI startups that can help accelerate and contribute to the application of AI in Sweden.

Being present on the map will serve as a quality stamp for startups, providing important intel for the innovation ecosystem, investors, government and academia, and serve as a guide for stakeholders - thus open doors for AI startups.