New Investment – Memory

AI startup Memory has raised $5 million in a funding round led by Concentric and Investinor, with participation from existing investor SNÖ Ventures. This brings the total funding amount raise by Memory to $6 million.

Kjartan Rist, Partner at Concentric, commented: “Memory’s growth and proven product-market fit mean it is well aligned with Concentric’s expertise and ambitions, and we can add huge value in areas such as expanding internationally, hiring great talent, securing the right partnerships and targeting the enterprise space. Memory is now all set to scale and we look forward to playing an active role in the next exciting phase of the business.”