OTee Raises €5.3M Seed Round
OTee, an Oslo, Norway–based industrial deeptech company building software-defined control systems for deterministic, safe, and reliable operation, has raised €5.3 million in Seed funding.
The round was led by North Ventures, with participation from Atlas SGR, RunwayFBU, Superangel, and Antler.
North Ventures is a venture capital firm investing in technology-driven companies from seed to Series A in Denmark and across the Nordics. Founded in 2018, the firm provides capital alongside strategic guidance, fundraising expertise, and access to a global network of talent and investors.
The company will use the funding to expand its engineering team, accelerate product development, and support international expansion.
Led by CEO Henrik Pedersen, OTee is a deeptech company building software-defined industrial control systems. Its platform enables virtual PLCs to run on open, off-the-shelf hardware, removing vendor lock-in and enabling scalable, secure, and deterministic industrial operations.. Headquartered in Oslo, Norway, the technology is already deployed across sectors such as energy, utilities, and manufacturing.
Funding Details
Company: OTee AD
Raised: $5.3M
Round: Seed
Funding Date: April 2026
Lead Investor: North Ventures
Additional Investors: Atlas SGR, RunwayFBU, Superangel, Antler
Company Website: https://www.otee.com/
Software Category: Industrial AI / Industrial Automation Software