3 years ago
Calejo successfully closes external investment round

Calejo Industrial Intelligence, with their unique AI engine for streamlining and improving industrial processes, has completed its first external round of financing.

The investment company Axilium Holding will provide Calejo with the necessary capital and expertise to officially launch their unique solution and take advantage of the substantial growth opportunities available in the market. Axilium is a Gothenburg based early-stage investment company focusing mainly on up-and-coming deep tech technologies that offer a unique and globally scalable solution that solves real problems.

- Calejo makes for a perfect fit amongst our other portfolio companies that are developing world leading technologies in a range of industries ranging from MedTech to enterprise solutions. Calejo’s AI technology is at the forefront of research and we are confident that the teams expertise in both technology and business development provides the company with the tools and readiness required to make a powerful breakthrough in the market. Together, we have a very exciting journey ahead of us, says Karl Xavier, Partner and Head of Investments at Axilium Holding.

Unique AI engine

Calejo helps industrial companies from a range of industries to optimize and improve their industrial processes, resulting in greater efficiency, better margins, less waste, lower costs and lower risk. Whilst today’s solution already offers impressive value, the ultimate aim is to provide customers with a fully autonomously engine to control their processes with the support of a patented AI engine - Calejo Optimize.

- We use a unique AI technology, so-called gray box modeling, which makes it possible to build digital twins of very complex processes and in real time handle, analyze and act on large data flows much faster than any other known system on the market, says Johannes Holmberg, CEO of Calejo Industrial Intelligence.

Global upscaling

The new  capital provided by Axilium will be used to further develop Calejo Optimize and for sales and marketing activities. Several exciting development projects are currently underway with global players in water and sewerage, pulp production, mining, timber and renewable energy.

- We are very pleased with Axilium's competent and professional commitment and I am convinced that together with Calejo's technology we will be able to make a significant global difference when it comes to helping the world's process industries modernize and become more efficient and more sustainable, says Leonard Johard, Founder and CTO of Calejo Industrial Intelligence.

Calejo Industrial Intelligence was founded in 2017 in Sundsvall, Sweden, with the goal to apply their patented ground-breaking Artificial Intelligence technology to industrial processes. Calejo aims to become a global player in industrial AI and provide the world’s industry with the next-generation tools needed to adapt and remain at the forefront of their respective industries. For more information please visit https://www.calejo.ai/

Axilium Holding is a Swedish based investment company focusing on early-stage start-ups in the areas of Technology and Life Science . Axilium invests across Europe and reviews over 300 companies per year with the aim of finding the right technologies with the right team that has the know-how and the drive to turn their idea into a commercial masterpiece. Axilium works closely with founders to provide the support and encouragement needed to build their companies to their full potential and make a positive difference to world we live in. For more information, please visit https://axiliumholding.com/