COMPANY PROFILE

Oden Technologies

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AI-powered analytics platform optimizing manufacturing production

New York City, United StatesFounded 2014Energy

Valuation $100–500M Latest valuation · 2024

Headcount <100 Current team size

Total funding $50–100M Disclosed equity funding

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About Oden Technologies

Oden Technologies provides an AI-driven data analytics platform designed to monitor and optimize manufacturing processes in real-time. The company was founded in 2014 by Willem Sundblad and Peter Brand, who identified a need for manufacturers to have access to timely and actionable data. Sundblad, the CEO, is a prominent voice in Industrial IoT, aiming to transform the industry through machine learning and applied analytics.

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The company's core business revolves around its software-as-a-service (SaaS) platform that combines industrial IoT data collection with cloud-based analytics. This platform is designed to help factories digitize production, reduce waste, and improve efficiency by providing clear, actionable insights. Oden Technologies serves a range of industries, including paper and pulp, wire and cable, and chemicals, inks, and coatings. Its clients are typically mid-to-enterprise-scale manufacturers looking to implement data-driven improvements.

The product suite consists of three main components: the Data Engine, Factory Analytics, and Process AI. The Data Engine collects, cleans, and enriches manufacturing data from various sources to create a reliable single source of truth. Factory Analytics provides configurable dashboards and visualizations to help engineers and managers analyze performance and identify root causes of inefficiency. The flagship product, Process AI, delivers real-time, prescriptive recommendations to machine operators, helping them adjust settings to optimize for quality and throughput. This tool aims to turn inexperienced operators into high-performers from day one.

Oden Technologies has raised approximately $44-52.5 million in funding over several rounds, with a significant $28.5 million Series B round in April 2024 led by Nordstjernan Growth. This funding is intended to accelerate the development of new AI products for the manufacturing sector. The company's business model is based on subscriptions to its platform, which includes deployment, support, and ongoing AI model maintenance.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2014
Headquarters: New York City, United States
Employees: 48
Open positions: 16
Dealroom signal: 64.8/100
Industry: Energy
Sector: Energy, Predictive Analytics, Core AI, Industrial Technology, Industrial Analytics, Manufacturing Tech, uk is8 advanced manufacturing, uk is8 digital and technologies, Manufacturing, Hard Tech, AI Applications
Technology: IoT InternetOfThings
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn X

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Apr 2024	$29M	$114M	Nordstjernan Growth · Atomico · EQT Ventures · Recurring Capital Partners	↗
CONVERTIBLEOther financing	Sep 2021	$6M	—	Ion Pacific	—

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Growth signals

Oden Technologies website traffic

Latest recorded traffic for Oden Technologies is 9.5K monthly website visits, down 26.9% over the last three months. Oden Technologies's team declined 5.9% over the past year.

Latest monthly visits9.5K 3-month web change-26.9% 1-year team growth-5.9%

Monthly website visitsFeb 2016–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Frontend EngineerBrazil, South America, Americas · Frontend Development · Sep 4, 2026 Backend EngineerBrazil, South America, Americas · Backend Development · Sep 4, 2026 Solutions EngineerBoston, New York, United States, Northern America, Americas · Business Development · Sep 4, 2026 Event Marketing CoordinatorEastern, WV · Marketing & Communication · Aug 26, 2026 Frontend Engineer50, West 17th Street, 10011 New York, New York · Frontend Development · Jan 16, 2026

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