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Wednesday, May 25, 2022

Swedish Unomaly Raises €4.6 Mln

Unomaly has raised 4.6 million euros in Series A funding to strengthen global customer operations and product development, the Swedish corporate data analysis startup said on Monday.

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The 2012-fouded Unomaly provides a product that automatically analyses all the data that IT systems, applications and infrastructures produce.

“By allowing organisations to have all their data analysed in a continuous and systematic manner, without bias from rules or searches, we enable a fundamentally new understanding of what IT environments are doing and how they are failing,” said co-founder and CTO Goran Sandahl.

Its customers span 11 countries and include 2/4 Scandinavian banks, nuclear power plants and a broad set of Internet companies.

The round was led by new EQT Ventures, which in May unveiled a new $630 million fund.

“Unomaly is the perfect example of the kind of team EQT Ventures wants to partner with. Great founders solving a large and complex problem using ground-breaking technology. Machine learning is all the hype right now, but this is an approach where it really excels,” said Andreas Thorstensson, Tech Partner at EQT Ventures.

Unomaly says its technology is packaged as a simple software that customers download and install where they are running systems and applications, either in their own data centres or in the cloud. Customers configure their systems to forward data to the installation and the technology automatically and continuously learns normal behaviour. All parts of the IT organisation – from operations to developers and security engineers – can benefit from click-based access to root-cause anomalies and instant notifications without having to bother with rules, search or data overload.

The company said 1.9 million euros seed funding in 2013.

Founders of Unomaly: Johan Gustafsson and Göran Sandahl. Photo by Henrik Björkman. (PRNewsFoto/Unomaly)
Founders of Unomaly: Johan Gustafsson and Göran Sandahl. Photo by Henrik Björkman. (PRNewsFoto/Unomaly)
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Tarmo Virki
Tarmo Virki
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