About Iris.Ai
Iris.Ai is a company based in Haslum (Norway) founded in 2015 by Jacobo Elosua.. Iris.Ai has raised $21.58 million across 6 funding rounds from investors including Founders Factory, European Union and Silverline Capital. Iris.Ai offers products and services including RSpace™ and Neuralith™. Iris.Ai operates in a competitive market with competitors including Box, IQVIA, Fractal Analytics, Scrive and iManage, among others.
- Headquarter Haslum, Norway
- Founders Jacobo Elosua
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Sectors
TechnologyHealthcare Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Iris Ai As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.58 M (USD)
in 6 rounds
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Latest Funding Round
$8.3 M (USD), Series A
May 29, 2024
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Investors
Founders Factory
& 4 more
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Employee Count
Employee Count
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Products & Services of Iris.Ai
Iris.Ai offers a comprehensive portfolio of products and services, including RSpace™ and Neuralith™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for managing research documents and data processing.
Platform for neural network-based knowledge extraction and analysis.
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Funding Insights of Iris.Ai
Iris.Ai has successfully raised a total of $21.58M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $8.3 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $8.3M
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First Round
First Round
(15 Jul 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Iris.Ai | Valuation | Silverline Capital |
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| Jan, 2023 | Amount | Grant - Iris.Ai | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - Iris.Ai | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Iris.Ai
Iris.Ai has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Founders Factory, European Union and Silverline Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Silverline Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Startup studio focused on fintech, telecoms, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Iris.Ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Iris.Ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iris.Ai Comparisons
Competitors of Iris.Ai
Iris.Ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, IQVIA, Fractal Analytics, Scrive and iManage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Clinical research and commercialization solutions are provided for healthcare.
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| domain | founded_year | HQ Location |
Artificial intelligence and analytics solutions are provided for enterprise transformation.
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| domain | founded_year | HQ Location |
E-signature and document automation solutions are offered by Scrive.
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| domain | founded_year | HQ Location |
Cloud-based document and risk management software is offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform for database application development is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iris.Ai
Frequently Asked Questions about Iris.Ai
When was Iris.Ai founded?
Iris.Ai was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Iris.Ai located?
Iris.Ai is headquartered in Haslum, Norway.
Is Iris.Ai a funded company?
Iris.Ai is a funded company, having raised a total of $21.58M across 6 funding rounds to date. The company's 1st funding round was a Grant of $2.58M, raised on Jul 15, 2016.
What does Iris.Ai do?
Iris.Ai was established in 2015 in Haslum, Norway, within the AI sector. Operations center on a database searching platform where unsupervised machine learning is applied to extract hierarchical concepts from TED talks. Scientific contexts related to these concepts are then presented. The prototype supports enhanced exploration of educational and research materials, with co-founder Jacobo Elosua serving as CMO.
Who are the top competitors of Iris.Ai?
Iris.Ai's top competitors include Box, Fractal Analytics and IQVIA.
What products or services does Iris.Ai offer?
Iris.Ai offers RSpace™ and Neuralith™.
Who are Iris.Ai's investors?
Iris.Ai has 5 investors. Key investors include Founders Factory, European Union, Silverline Capital, EIC Fund, and 500 Nordics.
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