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Operational AI Platform Peltarion Acquires $20 Million in Series A

Operational AI Platform Peltarion Acquires $20 Million in Series A
Credit: peltarion.com

Peltarion closed $20 million in Series A financing led by Euclidean Capital alongside existing investor FAM and EQT Ventures.

Peltarion’s mission is to make AI technology useable and affordable for governments, not-profits, and businesses. It believes that making AI operational will help to solve world problems, from food distribution to disease diagnostics, more quickly and at scale. Its API approach strives to create an enterprise-ready solution, lowering the bar of hard-to-find AI skills required to build AI products and services while reducing the need for expensive infrastructure.

This latest round brings Peltarion’s total funding to $34 million to date, including previous investment from FAM, the holding company privately owned by the three largest Wallenberg foundations, and EQT Ventures.