Insider Brief
- Hive raised $15 million in seed funding to expand its AI platform for industrial machines, with SuperSeed leading the round and Veriten, Skyfall Ventures and Nysnø participating.
- The company said its software can be retrofitted to equipment such as excavators and forklifts, allowing machines to perceive, decide and act across warehouses, production lines, construction sites and other industrial settings.
- Hive said the funding will support platform development, AI and robotics hiring, expanded commercial deployments and work toward reducing productive machine-hour costs by as much as 80%.
Hive has raised $15 million in seed funding to expand its AI platform for industrial machines.
The round was led by SuperSeed, with participation from Veriten, Skyfall Ventures and Nysnø, according to the company. Angel investors include Børge Hald, founder of Medallia, and Jørn Lyseggen, founder of Meltwater.
Hive is building software, retrofitted to existing industrial equipment such as excavators and forklifts, that helps industrial machines operate with more autonomy. The company describes the platform as an intelligence layer that allows machines to perceive, decide and act while operating in warehouses, production lines, construction sites and other industrial settings.
The new funding will support development of Hive’s platform, hiring across AI and robotics, and expanded commercial deployments with new and existing industrial partners, according to the company.
The company also said the funding will also go toward advancing the platform to reduce productive machine-hour costs by as much as 80%. Hive said the system saves companies through less human labor over time and that each deployment produces operating data that can improve future deployments.
“We’ve spent the past few months securing top international talent to support the next phase of growth,” co-founder and CEO Christoffer Jørgensvaag said in the announcement. “The silicon brain is taking shape; with live deployments and strong market traction, we are well positioned to lead the next era of physical AI, proving real results for our customers.”
Hive reported its system is already deployed across several sites in Scandinavia and is operating across different types of machines. Headquartered in London Hive has offices in Norway and said a U.S. expansion is underway.
