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Timely logo — Automatic time tracking teams trust.

Timely

Automatic time tracking teams trust.

Founded 2013 Norway Norway 39 employees Series A Total: $59.77M AI, Machine Learning

General Information

Company Name Timely
Founded Year 2013
Location Norway Norway
Employees 39
Industries AI, Machine Learning
Funding Stage Series A
Business Model SaaS, B2B, Freemium
Revenue Model Subscription, Usage Based, Tiered Pricing
Social

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About Timely

Memory, founded in 2018, is an innovative company at the forefront of AI and Machine Learning solutions, headquartered in the United States. The company aims to address contemporary workplace challenges with its cutting-edge, AI-driven tools.

The company's flagship product, Timely, is an AI-powered time-tracking tool that captures employee activities automatically, generating precise timesheets. It boasts a clientele of over 4,000 paying businesses spanning 160 countries, particularly within the service industry, where time optimization is crucial.

In its quest for growth and innovation, Memory secured a €11.77M Series A investment on 22 June 2021. Major investors include SNÖ Ventures, Concentric Partners, Investinor, Melesio, and Sanden. This strong backing underscores investor confidence in Memory's vision of equipping individuals with "digital superpowers" and the potential to expand its impact across industries.

Business keywords: AI-powered time tracking, Start-up, Norwegian company, AI-driven solutions, Service industry, Productivity tool, Time management, Machine learning, Productivity software, Deep work, Digital superpowers, Norwegian tech company, Employee activity tracking, Digital tools

Services & Products

Automatic Timesheet Completion
AI-Powered Time Tracking
Project and Client Time Allocation
Time Utilization Reporting
Operational Cost Analysis

Target Customers

Agencies Consultancies Professional Services Enterprise Teams Remote Work Teams

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series A €11.77M 5
SNÖ Ventures Concentric Partners Investinor
SNÖ Ventures, Concentric Partners +3
22 Jun 2021
Venture Round $5.00M 4
500 Startups SNÖ Ventures Concentric Partners
500 Startups, SNÖ Ventures +2
17 Oct 2018
Series A kr42.00M 1
Concentric Partners
Concentric Partners
30 Oct 2017
Seed Round $1.00M -
11 May 2016

Timely Alternatives & Competitors

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Timely vs
Adept
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FAQ About Timely

Automatic time tracking teams trust.
Timely was founded in 2013.
Timely is headquartered in Norway.
Timely operates in AI and Machine Learning. Its work centres on AI-powered time tracking, Start-up, Norwegian company and AI-driven solutions. Its customers include Agencies, Consultancies and Professional Services.
Timely has a SaaS, B2B and Freemium business model. Its revenue comes from Subscription, Usage Based and Tiered Pricing.
Timely has approximately 39 employees.
Timely has completed 4 funding rounds, raising a total of $59.77M. The latest funding stage is Series A.
Timely offers: Automatic Timesheet Completion, AI-Powered Time Tracking, Project and Client Time Allocation, Time Utilization Reporting, Operational Cost Analysis.
Top alternatives and competitors to Timely include Sourcery, Time is Ltd., Adept, Bishopi.io, Beltech AI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Timely and Sourcery are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Timely, https://bouncewatch.com/company/memory, updated 20 July 2026. When citing, please name BounceWatch and link this page.

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