The Nordics have built a reputation for pairing deep technical rigor with a genuine focus on solving specific, high-stakes problems, and this list bears that out. Sweden contributes the largest share, with entries spanning video analytics, data observability, and driving risk insights, while Denmark brings clinical AI for radiology and elder care, and Finland and Norway round things out with tax AI and business app-building tools. From brain MRI decision support to AI nurse companions, these are the companies proving that Nordic AI is being built where the consequences of getting it wrong are highest.
Companies are listed in alphabetical order. This list is non-exhaustive.
1. Aibidia
Headquarters: Helsinki, Southern Finland, Finland | Total Funding: $47.3M | Last Funding: June 4, 2025
Transfer pricing is one of the more complex, high-stakes compliance obligations multinational corporations face, requiring constant documentation and analysis across jurisdictions with different rules and enforcement regimes.
Aibidia is a fintech company that provides AI-powered transfer pricing management solutions to multinational corporations, automating a compliance function that has traditionally relied on manual analysis and outside advisors. The company has raised $47.3 million in total funding, with its most recent round closing in June 2025, as it expands its transfer pricing platform across multinational clients.
2. Cerebriu
Headquarters: Copenhagen, Syddanmark, Denmark | Total Funding: $36.0M | Last Funding: September 18, 2025
Radiology departments and imaging centers face a persistent shortage of specialists relative to the volume of scans that need to be read, and brain MRI interpretation in particular carries little room for error given the stakes involved.
Cerebriu is a clinical AI company developing brain MRI decision support technology for radiology departments and imaging centers worldwide, aiming to extend specialist capacity rather than replace clinical judgment. The company has raised $36 million in total funding, with its most recent round closing in September 2025, as it expands its clinical AI platform across imaging centers.
3. Greater Than
Headquarters: Stockholm, Stockholms Län, Sweden | Total Funding: $25.9M | Last Funding: December 12, 2025
Auto insurers have historically priced risk using broad demographic and vehicle data rather than how a specific person actually drives, leaving both safer drivers and insurers themselves without the precision that better data could offer.
Greater Than is an insurtech company that delivers insights into driving behavior, crash risk, and environmental impact, giving insurers a far more precise basis for underwriting than conventional risk models allow. The company has raised $25.9 million in total funding, with its most recent round closing in December 2025, as it expands its driving risk analytics platform.
4. Irisity
Headquarters: Gothenburg, Västra Götaland, Sweden | Total Funding: $47.9M | Last Funding: April 28, 2026
Video surveillance generates far more footage than any human team can realistically monitor in real time, leaving most security incidents discovered only after the fact, when the footage is reviewed rather than acted on as it happens.
Irisity describes itself as a world-leading video analytics company, applying AI to surveillance footage to flag incidents as they unfold rather than after the fact. With $47.9 million in total funding, the highest on this list, and its most recent round closing in April 2026, Irisity continues to expand its video analytics platform globally.
5. Kelluu
Headquarters: Joensuu, Eastern Finland, Finland | Total Funding: $22.0M | Last Funding: April 14, 2026
Monitoring environmental conditions and infrastructure across large areas has traditionally required either expensive satellite imagery with limited resolution or costly, labor-intensive ground surveys.
Kelluu develops autonomous aerial monitoring systems to collect and analyze high-resolution environmental and infrastructure data, offering a resolution and cost profile that neither satellites nor ground surveys can match on their own. The company has raised $22 million in total funding, with its most recent round closing in April 2026, as it expands its autonomous aerial monitoring platform.
6. Muybridge
Headquarters: Fornebu, Akershus, Norway | Total Funding: $24.8M | Last Funding: May 21, 2026
Camera systems used in industrial, security, and scientific settings increasingly need to do more than simply capture footage; they need to interpret it in real time, a capability that depends as much on intelligent software as it does on the sensor itself.
Muybridge is an imaging platform that develops software and sensors for cameras, pairing hardware with the AI-driven interpretation layer that modern camera applications increasingly require. The company has raised $24.8 million in total funding, with its most recent round closing in May 2026, as it grows its imaging platform across industrial and scientific use cases.
7. Riff
Headquarters: Oslo, Oslo, Norway | Total Funding: $28.4M | Last Funding: October 23, 2025
Building software applications that connect to real business data has traditionally required dedicated engineering resources that most teams, particularly outside of engineering departments, simply do not have.
Riff positions itself as the first business-ready app builder for teams to create real AI apps that connect to data and get work done, extending app-building capability beyond dedicated development teams. The company has raised $28.4 million in total funding, with its most recent round closing in October 2025, as it expands its AI app-building platform.
8. spektr
Headquarters: Copenhagen, Hovedstaden, Denmark | Total Funding: $25.4M | Last Funding: April 15, 2026
Customer onboarding and regulatory compliance processes, particularly in financial services, involve extensive document review and verification work that grows more burdensome as regulatory requirements expand.
spektr is a software platform that supports onboarding and regulatory compliance processes using artificial intelligence, automating verification and review work that has traditionally consumed significant compliance team capacity. The company has raised $25.4 million in total funding, with its most recent round closing in April 2026, as it expands its compliance automation platform.
9. Teton
Headquarters: Copenhagen, Hovedstaden, Denmark | Total Funding: $25.9M | Last Funding: September 9, 2025
Nursing staff shortages have left care teams stretched thin across hospitals and elder care facilities, with patient monitoring often limited to periodic manual checks rather than continuous observation.
Teton is building what it describes as the ultimate AI nurse companion, aiming to give care teams a continuous layer of patient monitoring that periodic manual checks cannot provide. The company has raised $25.9 million in total funding, with its most recent round closing in September 2025, as it expands its AI nurse companion platform across care settings.
10. VALIDIO
Headquarters: Stockholm, Stockholms Län, Sweden | Total Funding: $46.4M | Last Funding: March 5, 2026
Data teams increasingly depend on data lakes, warehouses, and real-time streams to power everything from analytics to AI models, but bad or inconsistent data flowing through those systems can quietly undermine everything built on top of it.
VALIDIO offers a next-generation data platform for data lakes, warehouses, and real-time streams, built to catch data quality issues before they propagate into downstream analytics and AI systems. The company has raised $46.4 million in total funding, with its most recent round closing in March 2026, as it expands its data quality platform across enterprise data teams.
This was a brief overview of the Nordics’ rapidly expanding AI scale-up landscape. If there is a company you think belongs on this list, reach out to our editorial team and we will make sure they are included on the next one.
