Helsinki’s Basemark raises $8.2M to accelerate growth in the field of Autonomous Vehicles
Basemark, a Finnish startup specializing in graphics and autonomous driving vehicle software, has profitably concluded an $8.2M equity funding round by ETF Partners (Environmental Technologies Fund). ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Their funds come from institutional investors, global corporations, and family offices.
In general, Basemark has raised a total of $12.4M in funding over eight rounds.
Founded in 2015 by Chairman Tero Sarkkinen, Basemark is a privately held stock corporation. The company develops Rocksolid Engine, a world leading real-time graphics and compute software solution for mission critical industrial applications. Basemark also develops system performance evaluation tools such as Basemark Automotive Testing and Basemark GPU.
The raised funds will be spent on accelerating Basemark’s growth in the field of Autonomous Vehicles. To date, in just a few years and with no institutional money invested to date, Basemark grew its business to over $10M in revenue and achieved profitability.
Tero Sarkkinen, Basemark’s founder and Chairman, said:
“We are thrilled to have ETF Partners on board. Over the years we have worked hard on building a category-defining product and establishing strong international relationships across the automotive industry. This new capital injection will enable us to hit the gas and take us to the next level.”