Norna today announced that it has completed an oversubscribed financing round to fuel the company’s continued customer expansion into the markets and business segments. The round was met with great interest and was completed in just a few weeks.
Norna’s Chairman of the Board, Michael Collaros, comments: “I am very happy that there is such a large interest in Swedish deep tech companies. We will use these funds to bring the benefits of our solutions to even more fashion vendors in Europe.
In short, we use external data and AI to optimize the commercial pricing and assortment decisions of our professional customers through the provision of unparalleled market insights. Since we started Norna we have secured more than 8 mEUR in funding and we look forward to grow further.
Norna is a Swedish leading applied Artificial Intelligence company that has developed several innovative AI solutions since 2018 to increase the profitability of customers, fashion currently being the main focus area. Norna is growing fast and today engages a manyfold team of skilled IT-developers and industry experts from several different countries and cultures.