Realm, a Finnish startup whose founders include ex-Slush leaders Miika Huttunen and Mikko Mäntylä, has raised €1.7M to help companies search their knowledge with AI.
According to Mikko Mäntylä, co-founder and CEO of Realm:
“We all do knowledge work, but it’s very hard to find knowledge at work.
Humanity has made its public knowledge highly discoverable. Meanwhile, it’s harder than ever to understand what your company knows.”
The startup’s product, also called Realm, is a conversational search engine for the workplace.
“Imagine being able to accurately retrieve anything your team has ever produced,” says Miika Huttunen, co-founder and COO. “Realm gives your organisation perfect memory.”
The startup, whose customers include Sievo, Remedy, and Virta, is able to achieve this by leveraging AI:
“In the past few years, computers have learned to understand and reason about natural language. This is a historic shift, and helps us solve a problem that has been holding the world back for decades,” says Johan Jern, co-founder and CTO.
In the future, Jern argues that Realm will go from answering questions to taking action: “
Realm will use your company’s tools to complete tasks on your behalf. It will work in the background while you focus on more important things. This is a step change in human productivity.”
Lifeline Ventures led the round which saw participation from the founders of Zalando, Snyk, Supercell, Wolt, and Pigment.
For Timo Ahopelto, Founding Partner at Lifeline, the investment marks a full-circle moment:
“We invested in Realm together with seven founders that we’ve previously backed. This shows you how far the Finnish ecosystem has come, and that its future is even brighter.”
Lead image: Johan, Miika, and Mikko from Realm. Photo: uncredited.
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