The round was backed by Jet Investment through its Jet Venture 1 fund.

The round was co-led by Navigare Ventures and PSV Hafnium, with participation from Chalmers Ventures.

The round was led by Menlo Ventures and co-led by EQT’s Scaleup Europe Fund.

The seed round was led by Brighteye Ventures and Day One Capital, with participation from FemInvest.

The Series C round was led by Lightspeed Venture Partners and co-led by O.G. Venture Partners, with participation from Atomico, and General Catalyst.

The company's technology is already used at 20+ production sites, including facilities operated by Volvo Group Trucks, SKF, and Parker Hannifin.

The round saw backing from both existing shareholders and new strategic investors with significant industry expertise.

The pre-seed round was backed by Antler Nordics.