Stockholm-based AI company Hybridity raised SEK 22 million (approximately €2.07 million) in a new funding round aimed at accelerating the commercialization of Hy5, its AI-native compliance platform. The platform is designed to automate complex regulatory processes, including the interpretation of and adherence to various EU regulations. With the completion of this round, Hybridity has raised a total of SEK 54 million to date.
CEO Magnus Sahlgren, who recently joined as CEO, previously led NLU research at AI Sweden and has extensive experience in machine learning and language technology.
Hybridity’s Hy5 platform targets resource-intensive tasks such as contract reviews and gap analyses for regulations including GDPR, DORA, and NIS2. They currently provide services to organizations in highly regulated sectors, such as the financial industry and critical infrastructure.
