Strise, a Norwegian AI startup that has built a data platform for enterprise financial institutions, has raised €1.4 million in seed funding to expand across Norway and into international markets. Led by, the round also included German investor Tim Bolte, former SVP of SAP, and existing angel investors.

The company distinguishes its platform from competitors’ for the design, intended directly for an end user and not “for developers or data scientists”. In a press release, Strise claims the platform helps some of Scandinavia’s major banks, such as Sparebank1 SMN and BN Bank, with anti-money laundering, credit risk and sales.

“It is not about replacing people but creating a new way of working where users and new data insights go hand in hand to solve critical problems,” says CEO Marit Rødevand.

Founded in 2016 by Rødevand, Sigve Søråsen, and Patrick Skjennum, Strise is based in Trondheim and Oslo with a current team of 17. Though the startup says it will begin international expansion now, the team has already established a US headquarters in Palo Alto, California.

Photo: Co-founder and CEO Marit Rødevand

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