Finland’s Kvanted leads a €2.65M investment round for RESONIKS

The Hague-based industrial AI-powered startup RESONIKS has closed a seed round in the amount of €2.65 million. The Helsinki-based VC firm Kvanted is the lead investor, joined by Faber and EIT Manufacturing. The round will help to accelerate the startup’s growth and enhance product offering.

• Founded in 2022 by Felix Wassmann (CEO), Fabian Oberndorfer (CTO), and Isaac Kargar (CIO), RESONIKS redefines quality control processes. Using the power of acoustics and artificial intelligence, RESONIKS has developed solution that detects anomalies in metal components by resonating objects and analyzing their acoustic response. The startup focuses on automotive and maritime.
• Since the first closing in November 2023, the team has already grown from four to fourteen people, including the three founders. RESONIKS’ solution is deployed across multiple factories in Europe, with a focus on Germany.

Investment details

• The investment round was led by Finland’s Kvanted, an early-stage investor focusing on industrial technology. Founded in 2023 and headquartered in Helsinki, Kvanted focuses on companies developing new software, hardware, and service solutions for the industrial sector with a mission to build a more sustainable future.
• With their fresh €70 million fund, Kvanted is the first pure-play industrial technology investor in the Nordic region. The founding partners of Kvanted are Eerik Paasikivi, Maria Wasastjerna, and Axel Ahlström.

• Faber, a Lisbon-based VC firm that invests in teams transforming the world with technology, and EIT Manufacturing, a knowledge and innovation community, supported by European Institute of Innovation and Technology, also participated in the investment. Combined with European public funding, the startup closed this round with a total investment amount of €2.65 million. 

The funding will fuel RESONIKS’ mission to revolutionize quality control in manufacturing through AI-powered acoustics and to expand its team. In addition, the startup is set to launch their second product series in May 2024, adding a fully integrated In-Line system to their product portfolio.