40 Hot Swedish AI Startups

ENGLISH VERSION. There’s talk of a new Swedish AI boom.

Companies are being launched at a rapid pace, and Stockholm is emerging as a hub for entrepreneurs in the sector.

Di lists some of the most hyped names right now.

Uppdaterad: 8 juli 2025, 21:41Publicerad: 8 juli 2025, 21:01

Before today’s AI services came into existence, the so-called ”transformer” technology was developed — the foundation behind large language models. A key figure in that work was Swede Oscar Täckström — then at Google, now at Sana.

This is a translated version – the original article in Swedish can be found here: Här är de svenska AI-bolagen alla pratar om 

Cover about Lovable (Swedish): Reportage inifrån AI-sensationen Lovable 

But he’s far from the only Swede making a mark in the AI world. Ali Ghodsis’ Databricks, which ensures data quality, is one of the highest-valued AI-focused private companies, with a valuation close to SEK 600 billion. Peter Welinder from Skåne is part of Open AI:s leadership, and behind the ultra-hyped coding assistant Cursor — valued at SEK 170 billion — is Arvid Lunnemark.

Interview in Swedish with Arvid Lunnemark: Mattesnillet från Malmö bygger miljardbolag i USA 

But perhaps the most impressive developments are happening at home. New AI startups seem to launch every day, and several of them have, in just a few months, managed to attract both a large customer base and strong investor interest.

Here are a few of them.

Lovable
Business: Enables people with no coding experience to program — known as ”vibe coding.”
Founded: 2023
Valuation: Unknown (as of early July 2025, rumors suggest investors are courting the company with proposals valuing it at SEK 17 billion).
Most recent known revenue (ARR): SEK 720 million (June 2025)
Major external owner: Creandum.

Legora
Business: A platform for both research and assistance with legal texts. The company’s stated goal is to help ”combine lawyers’ expertise with artificial intelligence to streamline legal work.”
Founded: 2023
Valuation: SEK 6.5 billion (May 2025)
Most recently reported revenue: SEK 173 million (2023)
Major external owners: Iconiq, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator.

Sana
Business: Developing an AI agent that draws on companies’ own data and users’ work tasks. Also behind ”The Swedish AI Reform,” a program aimed at giving students and the public sector access to Sana’s agent technology.
Founded: 2016
Valuation: SEK 5.3 billion (in connection with a SEK 580 million funding round in October 2024)
Most recent known revenue: SEK 36 million (2023 financial statement)
Major external owners: Scott Sandell, Menlo Ventures, Sven Hagströmer, Katarina Martinson.

Tandem Health
Business: Provides assistance with note-taking from meetings between doctors and their patients.
Founded: 2023
Valuation: Unknown, but according to Di’s sources, it is between SEK 2–3 billion following a funding round of nearly SEK 500 million in June 2025.
Most recent known revenue (ARR): SEK 180 million (March 2025)
Major external owners: Northzone, Kinnevik.

Listen Labs
Business: Conducts customer surveys by using AI to perform voice interviews, which are then summarized. The company is based in San Francisco.
Founded: 2023
Valuation: Unknown, but the company has raised SEK 260 million since its inception.
Most recent known revenue (ARR): USD 1 million (May 2025)
Major external owners: Sequoia, Conviction, Pear VC, Arash ”Ash” Pournouri, and Peder Stahle.

Filed
Business: Targets U.S. tax consultants with an AI solution that simplifies the handling of complex American tax returns.
Founded: 2024
Valuation: Unknown, but raised SEK 170 million in a funding round in May 2025.
Most recent known revenue: SEK 3 million (over 8 months in its launch year, 2024)
Major external owners: Northzone, Greens Ventures.

Lightbringer
Business: Protects intellectual property and handles patent applications using proprietary software and AI.
Valuation: SEK 250 million (Di estimate, December 2024)
Most recent known revenue (ARR): SEK 4.6 million (December 2024)
Major external owners: Luminar Ventures, Alliance VC, and Zenith Ventures.

Talentium
Business: An AI that supports recruitment by searching the web for potential candidates and summarizing their skills and experience.
Founded: 2023
Valuation: SEK 157 million (November 2024)
Most recent known revenue: SEK 1 million (October 2023–2024, 15 months)
Major external owner: EQT Ventures

More Swedish-founded AI companies to watch:

AI-Bob: Streamlines the construction industry by reviewing blueprints based on Swedish building regulations.

Aris Machina: Founded by Northvolt’s Peter Carlsson and his protégé Siddharth Khullar (formerly of Apple), the company develops AI tools to optimize manufacturing. Investors include Village Global, backed by Bill Gates, Jeff Bezos, and Mark Zuckerberg.

Andon Labs: Secures large-scale AI models; works with Anthropic (creator of Claude) and reportedly Open AI (Chat GPT).

Arkion (formerly Skyqraft): Helps utility companies optimize and adapt their power grids.

Bluebook: ”Chat GPT for auditors,” with knowledge of global tax systems.

Buddywise: Prevents workplace accidents using computer vision that identifies risks via cameras and sensors. Founded by a former Vattenfall executive.

Dema AI: AI tools for e-commerce from Babyshop founder Marcus Tagesson.

Freda: A somewhat secretive AI project by Tink founders Daniel Kjellén and Fredrik Hedberg. Actively hiring; recently recruited a profile from Atomico.

Gilion (formerly Ark Capital): Uses AI to monitor business performance in real time and issue loans. Notable backers include Annika Falkengren and Jacob de Geer. Raised SEK 500 million for new lending in spring 2025.

Intuicell: Known for its robotic dog project, based on 35 years of brain research. Backed by entrepreneur Christer Fåhraeus and Navigare Ventures from the Wallenberg sphere.

Ipercept: AI assistant for machine operators and maintenance teams in industry. Clients include Airbus, Porsche, Saab, Scania, and Toyota.

Kognic: Helps enterprise clients build datasets for machine learning. Most customers are in the auto industry, using cameras and radar, e.g., Volvo Cars.

Leap: Founded by Spotify veterans, this company challenges Lovable — but for mobile apps.

Modal: Lets AI-focused developers code directly in the cloud. Founded by Spotify veteran Erik Bernhardsson.

Normain: Automates manual tasks and boosts productivity for small and middle businesses. Co-owners include Sana founder Joel Hellermark and angel investor Mattias Miksche.

Phyron: Generates thousands of car dealership ads in under a minute using photos and vehicle info.

Quartr: Aggregates global public company data, including earnings reports and press releases. Notable investors: the Dinkelspiel family (Öhmangruppen), Felix Hagnö (Spotify), Yanno Capital (Anna and Nicklas Storåkers), and Karl-Johan Persson (H&M Chairman).

Rerun: Combines AI and the physical world for drones, robots, and spatial computing. Clients include Google and Meta. Raised SEK 170 million in seed funding this spring.

Ronja: AI-driven operating system for manufacturing, founded by former Northvolt employees.

Scape: AI-powered CRM system. Recently participated in Y Combinator and raised funds from the Wallenberg family, Legora founder Max Junestrand, and King co-founder Sebastian Knutsson.

Scaleout Systems: Enables machine learning at the edge (in vehicles, machines). Part of NATO:s civil-military tech initiative.

Sics AI: AI brain that controls robots and eliminates the need for human reprogramming when tasks change.

Starhive: Automates IT management in large companies — from tracking devices to handling manuals.

Stilla: AI agent that automates employee communication. Founded by Tictail and Shopify veterans.

Strawberry: AI assistants in web browsers that have quickly gained global traction.

Tzafon: Builds AI agents and its own language model. Has offices in Stockholm, Tel Aviv, and San Francisco. Notable backer: OpenAI’s Sam Altman.

Terra Labs: Aims to revolutionize the forestry industry with AI and satellites. Backers include Jacob de Geer (Zettle founder) and Niklas Adalberth’s Norrsken (Klarna co-founder).

Turbotic: Cuts costs for AI and automation solutions. Mats Qviberg’s Öresund is among the owners.

Validio: Ensures data quality for AI use. Gaining large enterprise clients in the US and recently turned cash-flow positive. Investors include Sven Hagströmer and J12.

Vantel: Automates tasks for the insurance industry. Recently raised funding and joined Y Combinator.

Vesence: Described as ”Cursor for lawyers”. Builds AI agents for professionals. Just graduated from Y Combinator.

Vetnio: Automates medical note-taking for veterinarians.

Vionlabs: Video analysis and recommendation tech used by Paramount and Apple. New focus of investor Tommy Jacobson after the Marshall deal.