Norditech

Norditech

Accessible AI platform construction for task automation.

HQ location
Jönköpings kommun, Sweden
Launch date
Employees
Enterprise value
$3—5m
Company register number
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DateInvestorsAmountRound
-investor

€0.0

round
*

€700k

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
SEK20202021202220232024
Revenues00000000000000000000
% growth-7278 %131 %88 %(52 %)
EBITDA00000000000000000000
Profit00000000000000000000
% profit margin(33 %)23 %17 %(14 %)(353 %)
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Company filings or news article

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More about Norditech
Made with AI
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Founded in 2020 by Philip Alm and David Bacelj, Norditech AB began as an IT consulting firm and has since evolved into a developer of AI-driven technology. The company specializes in making advanced technology accessible, aiming to democratize the use of artificial intelligence.

Norditech has developed several products. One of their earlier products is LabelDetector, an AI-based solution using smart cameras for automatic, real-time inventory management. This system is designed to integrate with existing warehouse processes and ERP systems to streamline logistics, reduce manual inventory hours, and track products.

More recently, the company has focused on cooperative multi-agent frameworks. In January 2024, Norditech launched STELLA, an open-source AI framework for developers and tech departments. STELLA is designed to automate workflows, build digital workgroups, integrate APIs, create intelligent chatbots, and accelerate the development of applications powered by large language models.

STELLA serves as the foundational technology for Norditech's subsequent product, VISS.AI, a visual, no-code platform that enables non-developers to build and deploy AI applications. VISS.AI allows users to visually integrate with services and APIs to create custom AI tools. The company's business model appears to be centered on providing these AI platforms and customized development services to other businesses.

Keywords: AI platform, task automation, no-code AI, cooperative multi-agent framework, STELLA framework, VISS.AI, inventory management AI, LabelDetector, developer tools, large language models, AI democratization, IT consulting, system development, machine learning

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