Logical Clocks, a Stockholm, Sweden-based startup that provides Enterprise support for the open-source Hopsworks platform to solve the data problem for Deep Learning and AI, has raised €1.25m in seed funding.
The round was led by Timo Tirkkonen of Inventure, now chairman of the board, with participation from Frontline Ventures, and AI Seed.
Logical Clocks provides Enterprise support for the open-source Hopsworks platform to solve the data problem for Deep Learning and AI, where a new class of platform with support for GPUs is needed to refine ever increasing volumes of data into training data, the fuel for AI systems.
Logical Clocks was founded in 2016 by Assoc. Prof Jim Dowling, Prof Seif Haridi and a team of researchers at KTH University and RISE SICS in Stockholm.
Logical Clocks has offices in Stockholm, London, and Palo Alto and serves several customers in a variety of verticals from finance, to the vehicle industry, to telecoms, and healthcare.
Logical Clocks will use the funding to scale engineering to accelerate innovation, while focusing on building out the customer base.