Sweden
Ekkono Solutions, a Swedish startup founded in 2016, specializes in enhancing the intelligence of IoT devices through its embedded edge machine learning library. Their solution brings cognitive capabilities to connected things by enabling self-learning, anomaly detection, and predictive maintenance, thus optimizing each device's performance.
What sets Ekkono apart is its Advanced Analytics software engine, developed over seven years of research at the University of Borås. This engine has a minuscule footprint, allowing it to perform complex analytics directly on small devices like microcontrollers, smartphones, and platforms akin to Raspberry Pi and Arduino. This edge computing capability ensures low latency, reduced data traffic, and improved network efficiency by processing data locally on the device.
The latest injection of capital came from a Venture Round investment on December 19, 2022, backed by the European Innovation Council. With a focus on AI, Internet, IoT, and Machine Learning, Ekkono is well-positioned to upgrade connected devices into smart, autonomous units.
