Oulu-based startup Louhe has secured €3 million in a funding round led by Lifeline Ventures, enhancing its services and expanding into new markets, as stated in the press release.

About LOUHE

  • Founded in 2020, Louhe Oy uses advanced data analysis and AI to revolutionize cyber-physical security. 

  • The company is continuously improving cyber-physical security with new launches including door magnetic data insights, machine vision-based floor map creation, and a 24/7 virtual agent monitoring property security.

  • Its customers include Yleisradio, Kansaneläkelaitos, Finavia, and partners like Securitas Technologies and Forus in the Baltic region.

“We are very satisfied with this funding round, which allows us to invest even more, especially in accelerating international growth. This is an important step on our journey towards a greater global presence,” LOUHE.ai CEO Janne Pirttilahti, says.

Investment details

The round was led by Lifeline Ventures, a Helsinki-based early-stage VC that focuses on funding, sales, technology, strategy, and operations, with ticket sizes ranging from €100,000 to €2 million.

The round was also joined by a number of undisclosed previous investors and tech veterans.

“LOUHE.ai team is very competent and their innovative solutions based on explainable artificial intelligence stand out in the market. We strongly believe that LOUHE.ai will succeed internationally and grow even more,” Petteri Koponen, Partner of Lifeline Ventures, stated.

LOUHE will use the fresh funding to invest in international growth and technological innovations, aiming to create a safer future for companies and communities worldwide, while continuing to develop and expand its services.