How much funding has Berget AI raised?

Berget AI has raised €2.1M in total funding. Their latest funding round was Seed. Key investors include Luminar Ventures, Wellstreet, Norrsken Evolve.

Where is Berget AI headquartered?

Berget AI is headquartered in Stockholm, Sweden. The company has a team of 1-10 people.

What does Berget AI do?

Berget AI operates in the AI Infrastructure sector. A sovereign AI infrastructure platform providing localized, secure, and compliant AI inference and data storage for European organizations. Enables the use of advanced AI models without compromising data privacy or legal sovereignty, specifically bypassing the jurisdictional reach of the US Cloud Act.

When was Berget AI founded?

Berget AI was founded in 2024. It is based in Stockholm, Sweden.

How much funding has Berget AI raised?

Berget AI has raised €2.1M in total funding. Key investors include Luminar Ventures, Wellstreet, Norrsken Evolve.

Who is the CEO of Berget AI?

Andreas Lundmark is the CEO of Berget AI. The company was founded in 2024.

Where is Berget AI located?

Berget AI is headquartered in Stockholm, Sweden.

What funding stage is Berget AI at?

Berget AI is currently at the Seed stage.

How many employees does Berget AI have?

Berget AI has approximately 1-10 employees.

Berget AI

Category: AI Infrastructure

A sovereign AI infrastructure platform providing localized, secure, and compliant AI inference and data storage for European organizations. Berget AI was founded in 2024. The company is led by Andreas Lundmark. Based in Stockholm, Sweden. Team size: 1-10. Total funding raised: €2.1M. Latest round: Seed. Key investors include Luminar Ventures, Wellstreet, Norrsken Evolve.

Founded: 2024
Headquarters: Stockholm, Sweden
Team size: 1-10
Total funding: €2.1M

Value proposition

Enables the use of advanced AI models without compromising data privacy or legal sovereignty, specifically bypassing the jurisdictional reach of the US Cloud Act.

Products and solutions

Sovereign AI Inference Engine, Local LLM Hosting (open models), Berget Code (agentic coding on Swedish infrastructure), Berget AI Platform (dashboard, resource management), Dedicated / serverless inference

Unique value

The 'Berget' (The Mountain) approach prioritizes physical and legal localization within Sweden, offering a direct alternative to US-based cloud giants for sensitive data processing.

Target customer

Public sector agencies, financial institutions, healthcare providers, and European enterprises in highly regulated industries.

Industries served

Public Sector & Government, Banking & Finance, Healthcare, Legal & Professional Services, Defense & National Security

Technology advantage

Combines high-performance AI orchestration with a 'sovereignty-first' architecture that ensures data never leaves the host jurisdiction, satisfying strict GDPR and national security requirements.

How they differentiate

Berget AI differentiates through a 'sovereignty-first' architecture that ensures physical and legal localization within Sweden, providing immunity to the US Cloud Act—a critical requirement for European public sector and highly regulated industries that US-based cloud providers cannot meet.

Main competitors

Aleph Alpha, Mistral AI, Silo AI

Key partnerships

Sveriges Riksbank (Swedish Central Bank) - Flagship Customer, Luminar Ventures (Lead Investor), Wellstreet, Norrsken Evolve, Iteam (Strategic / shared founder network), Digitalist (sovereign AI partnership), WattTime / Klimatkollen / SEI (AI carbon impact collaboration)

Notable customers

Sveriges Riksbank (Swedish Central Bank)

Major milestones

Secured €2.1M Seed funding (Feb 2026) led by Luminar Ventures with Wellstreet and Norrsken Evolve, Onboarded the Swedish Central Bank (Riksbanken) as a flagship customer, Reached ~300 customers (reported Nov 2025), Launched sovereign AI inference on Swedish infrastructure (2025), Launched Berget Code agentic coding service (May 2026), Joined WattTime/Klimatkollen/SEI collaboration on AI carbon impact (Mar 2026)

Growth metrics

Reported 300+ active pilot and commercial customers shortly after launch

Market positioning

Sovereign AI infrastructure specialist for highly regulated European sectors

Geographic focus

Sweden, the Nordics, and the European Union

Patents and IP

No registered patents disclosed; focus is on proprietary orchestration of open-source models and secure infrastructure deployment.

About Andreas Lundmark

Andreas Lundmark spent nearly two decades at Boston Consulting Group (BCG Gamma), where he led the Nordic AI team, was globally responsible for the 'AI at Scale' topic, and led large-scale data and AI transformations for global brands. He left the partner track to co-found Berget AI. (Iteam is associated with co-founder Christian Landgren, not Andreas.)

Latest news about Berget AI

Swedish startup Berget AI has raised 2.1 million Euro to scale sovereign AI infrastructure across Europe. 🇸🇪 As the EU AI Act enforces strict data governance, this funding highlights a systemic shift

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Official website: https://berget.ai