Huddly AS
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Huddly AS - overview
Established
2013
Location
Oslo, -, Norway
Primary Industry
Software
About
Based in Oslo, Norway, Huddly AS specializes in innovative video conferencing solutions that enhance collaboration and connectivity in professional environments. Huddly AS, founded in 2013, focuses on developing advanced video conferencing technologies. The company operates its headquarters in Oslo, Norway. Alexander Woxen serves as the CEO.
Huddly has successfully raised funding through four deals, with the most recent investment being a Series C round in August 2021, securing NOK 80. 000 mn from investors including Electric Work and Gjeh Pty. The company’s total funding raised amounts to NOK 80. 000 mn, with a current valuation of NOK 575.
000 mn. Huddly offers a range of video conferencing products, including the Huddly C1, an AI-driven videobar designed for small to medium-sized meeting spaces. Their hardware ecosystem includes scalable Ethernet devices that support diverse meeting configurations, such as multi-camera setups. Huddly's solutions cater primarily to businesses and educational institutions, focusing on high-quality digital communication and collaboration tools across North America, Europe, and Asia.
In the most recent fiscal year of 2023, Huddly reported a revenue of NOK 19,973,317. 70, while the EBITDA for the same period was NOK -5,178,397. 40. The company’s revenue model is B2B, involving direct sales of its video conferencing products to corporate clients and educational institutions.
Huddly AS plans to leverage its recent funding raised in August 2021 to further enhance its product offerings and expand into new markets. Strategic initiatives include launching upcoming products designed to elevate video conferencing experiences, potentially targeting sectors and regions that emphasize remote collaboration needs. Specific upcoming products and launch timelines are yet to be announced, but the company is focused on solidifying its presence in both existing and new geographic territories.
Current Investors
SINTEF, StartupLab , Stratel
Primary Industry
Software
Sub Industries
Hardware, Analytics & Performance Software, Music & Video Streaming Software
Website
www.huddly.com
Verticals
Artificial Intelligence, Artificial Intelligence
Company Stage
Series C
Total Amount Raised
Subscriber access only
Huddly AS - timeline of key events
Huddly AS - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 313,000 | - | 456,864 | 15,764,000 | 76,931,000 | 187,022,000 | 365,555,000 | 336,929,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 3350.5% | 388.0% | 143.1% | 95.5% | (7.8%) | - | - | - |
| EBITDA (USD) | (2,007,583) | (7,403,355) | (6,248,994) | (41,719,000) | (37,948,000) | 41,529,000 | 147,916,000 | (267,386,000) | - | - | - |
| Operating Income (USD) | (2,007,583) | (7,412,374) | (6,347,929) | (49,477,000) | (60,792,000) | 2,439,000 | 105,020,000 | (331,361,000) | - | - | - |
| Operating Margin | (641.4%) | - | (1389.5%) | (313.9%) | (79.0%) | 1.3% | 28.7% | (98.3%) | - | - | - |
| % EBITDA Margin | (641.4%) | - | (1367.8%) | (264.6%) | (49.3%) | 22.2% | 40.5% | (79.4%) | - | - | - |
| NET Income (USD) | (2,003,386) | (7,460,876) | (6,386,532) | (49,396,000) | (59,023,000) | 2,742,000 | 97,167,000 | (313,111,000) | - | - | - |
| % Net Margin | (640.1%) | - | (1397.9%) | (313.3%) | (76.7%) | 1.5% | 26.6% | (92.9%) | - | - | - |
Huddly AS - employee data
Huddly AS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM |
BM Board Member
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