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29 May 2019

Here are 8 of Sweden’s top young tech companies

Gothenburg’s innovation climate is fostering some of Sweden’s most promising technology companies. Eight companies from Gothenburg have been named among the nation’s 33 hottest young tech businesses.

Since 2008 Swedish technology and business magazines Ny Teknik and Affärsvärlden have produced a list of Sweden’s most exciting young technology companies. All of the companies are unlisted, relatively young (less than 7 years old) and are seen to have good potential on the global market.

In this year’s list, published earlier this month, eight of the companies named were from Gothenburg. The following Gothenburg-based companies made the list:

1928 Diagnostics

The company has developed a DNA-analytics platform for healthcare providers to track and minimise the spread of antibiotic resistant bacteria. Earlier in the year, 1928 Diagnostics was also selected as one of the most promising technology pioneers by the Word Economic Forum. The company was started in 2014 and today has around 20 employees.   
 
Annotell

Annotell provides a platform that assists the creation of training data for supervised machine learning. The company was started in 2018. It collaborates with among others autonomous driving software company Zenuity. It currently has around 30 employees. 

Einride

This Gothenburg/Stockholm-based company has developed a new solution based on autonomous, all-electric vehicles, coordinated by an intelligent routing software. The company was established in 2016 and has grown to around 50 employees. In May this year it reached an important milestone when for the first time its cab-less, electric truck drove on a public road in Sweden. 

Everdrone

The company creates software and visual navigation for autonomous drones. It has several pilot projects underway including with emergency services and healthcare providers. The company was started in 2017 and has around 7 employees.   

Monivent 

The company is developing a monitoring device that is designed to improve the emergency ventilatory care given to newborn babies in need of respiratory support at birth. The company was started in 2014 and today has around 4 employees.  

Revibe Energy

The company has an energy harvesting technology that converts vibrations present in industrial environments into electricity to power sensors and monitoring systems. It was started in 2014 and according to NyTeknik, it’s collaborating with several big companies, including rail giant Deutsche Bahn.  

Swedish Algae Factory

The company has developed a process and technology for growing diatoms (microscopic algae) and extracting shell material that can be used in several industrial applications. The company was started in 2016 and it currently has a pilot facility at Kungshamn, outside of Gothenburg. A full-scale production facility is planned to be in place by 2020. 

Zeropoint Technologies

The company has produced a hardware that improves memory capacity and memory bandwidth. It was created in 2016 as a spinoff from Chalmers University of Technology. With a new CEO at the helm, the company will now focus more on business development and growth, according to its chairman. 

 

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