Arkion, formerly known as Skyqraft, an AI-powered software solution that transforms overhead power lines inspection data into condition assessments of all assets, announced the successful closing of a $4 million funding round. This round was led by Subvenio Invest, with participation from Neptunia Invest, and Antler.
This new funding round will support Arkion’s ambitious growth trajectory and enhance its product quality and service range, especially in the energy infrastructure sector. And with this funding round, Arkion plans to expand its market presence and increase its technical scalability to meet the growing demand for reliable and efficient infrastructure inspections.
Arkion recently a number of milestones, including closing several key client accounts in the US and Europe, tripling its revenue, and achieving over 80% AI coverage of faults in distribution grids. And these accomplishments have supported investor confidence and underscore Arkion’s potential to transform the infrastructure inspection industry.
KEY QUOTES:
“Resilient and sustainable grid infrastructure is essential for societies as we charge towards an electrified future. This new funding will enable us to accelerate growth, enhance our product offerings, and expand our services to include critical infrastructure like substations, transforming the way we care for our power grids and building a grid fit for a net-zero future.”
– CEO Louise Gauffin
“We are incredibly proud to be part of the continued growth of one of our first portfolio companies in the Nordics. Their work is crucial in facilitating the energy transition by equipping power grids with the insights needed to maintain and expand their infrastructure.”
– Oscar Westergård, Partner Antler
