Klang.ai, an AI transcription and meeting summary service, has seen its annual recurring revenue (ARR) increase from â¬350,000 to â¬750,000 since January 2023. This growth is attributed to a significant change in how European organizations approach data privacy, particularly following shifts in U.S. political landscape. Klang's services ensure that all data remains within the EU, addressing the rising demand for local, privacy-focused AI solutions. To further drive development and response to user demand, the company is raising SEK 8 million and expanding internationally, with Norway already onboard and Denmark and Germany next in line.
The demand for European alternatives in AI has never been greater. More and more users are looking for services that prioritize privacy and local accountability. To meet that demand, we're raising SEK 8 million to accelerate our development and to build smarter, faster, and with our users at the center.
Our long-term goal isn't just for Klang to be an alternative. It's to set a new standard for what AI can look like when it respects users from day one.
Collection
[
|
...
]