Carnegie Investment Bank Norway is proud to have acted as financial advisor in connection with Arundo Analytics successful USD 15 million private placement.
Arundo intends to use the net proceeds from the Private Placement to accelerate the development and commercialization of its current and new products, strengthen its sales and delivery capabilities, accelerate its product road map, and to fund continued operations.
Founded in 2015, Arundo provides proprietary software to asset-intensive industries enabling applications for oil & gas, maritime, power, chemicals, and industrial equipment productivity and performance improvement. Arundo’s products are built for industrial users and focus on creating rapid value within industrial analytics.
Carnegie congratulates Chairman and founder Tor Jakob Ramsøy, CEO Martin Lundqvist and CFO Steinunn Kristin Thordardottir and the rest of the Arundo team with the successful transaction. We look forward to continuing our support of Arundo going forward.