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Echo State is an Information Technology & Services company that specializes in the development and application of Echo State Networks for various purposes, including soft sensor monitoring.
Last updated
In 2024, Echo State's revenue reached $5.7M. The company previously reported $4M in 2023. Since its launch in 2018, Echo State has shown consistent revenue growth.
Echo State is a bootstrapped Artificial Neural Network Software startup. Founded in 2018, Echo State has grown to $5.7M in revenue without raising any venture capital or outside funding.
As a self-funded Artificial Neural Network Software SaaS company, Echo State has built its business with no outside investment.
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We do not have customer count information for Echo State yet.
Echo State employs approximately 43 people as of 2026, down from 50 in 2023.
Echo State generates an estimated $5.7M in annual revenue.
Echo State was founded by Josef Falk.
The CEO of Echo State is Josef Falk.
Echo State is bootstrapped and has not raised outside funding.
Echo State has 43 employees.
Echo State is headquartered in Stockholm, Sweden.
Echo State operates across multiple industries. Browse revenue, funding, and growth data for Echo State in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$5.7M(Est.)
Funding
$0
Team
43
Founded
2018
| Year | Milestone | Source |
|---|---|---|
| 2024 | Echo State Hit $5.7m revenue in October 2024 | Estimated |
| 2023 | Echo State Hit $4m revenue in December 2023 | Estimated |
| 2021 | Echo State Hit $1.6m revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 43 employees (December 2024) | |
| 2024 | Reached 45 employees (October 2024) | |
| 2023 | Reached 50 employees (December 2023) | |
| 2022 | Reached 37 employees (December 2022) | |
| 2021 | Reached 24 employees (December 2021) | |
| 2021 | Reached 19 employees (April 2021) |
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