News June 18, 2024: YouCruit, Multiply, Norrspect, Livsaptit, Turbotic, Co. Society, Sentrisense, CAKE, Stella Futura, Lunar, Kognity, Data Talks, and more

Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.

Mergers & acquisitions

• An undisclosed former minority shareholder bought the job marketplace platform for truck drivers out of the bankruptcy estate of Malmö-based startup YouCruit, for an undisclosed amount (Swedish / Rapidus paywall). I covered the bankruptcy on May 31.

Funding news

⬜️ publicly traded

• Multiply (Stockholm, AI-powered personalized assistant for creative work in teams, founded 2019): undisclosed amount from Bust. According to Di Digital, this capital injection brings total funding to SEK25M (Swedish / Di Digital paywall). Given that Multiply raised $1.8M (SEK16M) in pre-seed funding led by Tera VC in 2021, this new round likely amounts to around SEK9M. Multiply's first version came out of stealth mode in November 2022 – two weeks before OpenAI unveiled ChatGPT.
• Norrspect (Umeå, AI-powered solution that can monitor manufacturing with a precision that surpasses human capabilities, founded 2023): SEK600K (€53K, $57K) grant from winning Innovation Idea Competition, arranged by Swedish Mining Innovation (Swedish, machine translation). ℹ️ Company details added on February 12 to the early-stage startup tracker page, and to the "new startups" Google Sheet.
• Rocksigma (Luleå, seismic processing engine, founded 2022): SEK600K (€53K, $57K) grant from winning Innovation Idea Competition, arranged by Swedish Mining Innovation (Swedish, machine translation). Rocksigma recently raised equity funding from Partnerinvest Norr and Northern CapSek Ventures. Continue reading after the break.