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The annual Nordic State of AI report report, published in November 2022, provides an overview of the use of artificial intelligence in the Nordic region, with the goal of offering business leaders, academics, policymakers, as well as anyone interested, a comprehensive look at what’s really going on in Nordic AI.
Nordic State of AI
Our annual report on the Nordic State of AI provides an overview of the use of artificial intelligence in the Nordic region, with the goal of offering business leaders, academics, policymakers, as well as anyone interested a comprehensive look at what’s really going on in Nordic AI.
We often talk about leveraging networks to reach scale with AI. True to that, we’ve expanded our collaboration from past years to 15 governmental or research organizations across Denmark, Finland, Norway, and Sweden who were involved in the creation of this year’s report. We would like to extend special thanks and gratitude to our partners who helped make this report better by providing us with information, interviewees, and local knowledge: AI Pioneer Center in Denmark, Business Finland, Chalmers, Danish Industry Digital Futures, Digital Norway FCAI, KTH Royal Institute of Technology NORA, Nordic Innovation, Norwegian Cognitive Center, Silo AI, Vainu, Smart Innovation Norway, Swedish AI Society, and Women in AI Finland.
As a fortunate side product of assembling this report together, we’re also strengthening these networks across the region and getting one step closer to the Nordic success of AI.
State of AI in Finland
The AI Landscape offers an overview of the top AI-first companies in Finland.
The landscape below showcases Finland’s ecosystem of AI companies — those developing AI technologies central to their core offering.
It is not a comprehensive list of ALL AI companies originating from Finland, rather a hand picked list of the most promising and prominent companies which are known to be good at what they do.
The companies and their corresponding information can be access by clicking on the respective logos.
The Landscape is published twice a year. The fourth edition was published 2nd of June 2020.
You can submit your company by filling the form below at ”Suggest a company to the landscape”. Being included on the landscape is completely free of charge.
Submit use case
Should your use case story be included in the ”State of AI Finland” report? Tell us more by submitting the form below.
Story behind the landscape
Mika Marjalaakso // Something Inc & Oak Ventures:
The idea of having one publicly available up-to-date and curated list of relevant Finnish artificial intelligence (AI) companies was born in 2017 when I was mapping the landscape for the Tax Authorities. Although many were doing the same research on their own, it seemed that a public and official list was missing. A first rough list was created with the help of the community, but it was not actively updated or curated. When First AI Accelerator offered their help maintaining the landscape it was an easy say – here we are now!
Antti Poikola // First AI Accelerator:
First AI Accelerator got started in the Autumn 2018. One of our first jobs was to quickly gain a comprehensive understanding of the AI players in Finland. I got introduced to Mika Marjalaakso and the earlier started AI landscape initiative. I hope that the landscape evolves into a useful and valuable resource which is develop transparently and based on clear criteria – feedback is important, so please be in touch!
Should you be part of the landscape?
Criteria to be included:
AI product companies:
- Have raised at least 500.000 € in funding or
- Have a turnover exceeding 500.000 € and
- A majority of turnover is generated from AI solutions
- Solution is based on own tech/IPR
- The solution is in use.
AI consultancies and enabler companies:
- Have raised at least 1.000.000 € in funding or
- Have a turnover exceeding 1.000.000 € and
- A majority of turnover is generated from AI solutions/services.
The companies are divided into three categories:
AI product companies:
AI component has a foundational role in the product and the AI component enables something new and innovative.
AI-enabler companies:
AI-technologies (i.e. platforms, algorithms) based on company’s own development/IPR.
AI consultancies:
At least 50% of turnover is generated from strategic AI-consultancy and/or AI-solution consultancy.
Product Companies
AI Consultancies
Enabler Companies
First Artificial Intelligence Accelerator (FAIA) helps established organisations deploy artificial intelligence (AI). The accelerator is run by Silo AI.
47.000.000 €
Total revenue* 2019
13.000.000 €
Growth in 2019
32 %
Companies making profit 2018
94.000.000 €
Total funding by Nov 2019
5 / 30
Companies with over 10.000.000 € in funding
4.200.000 €
Average funding
630
Total personnel 2019
188
Total number of new personnel in 2019
30 %
Growth in 2019
The landscape is curated twice a year by:
Antti Ukkonen :: FCAI / Samuli Savo :: Stora Enso / Pirkka Palomäki :: Maki.vc / Peter Sarlin :: Silo.AI / Antti ’Jogi’ Poikola & Alexander Törnroth :: First AI Accelerator
Do you know a company that should be included?
Let us know, we are constantly mapping Finland’s AI landscape.
