2024 Revenue
$5.7M
Funding
$0
YOY
42.4%
Team
43
Founded
2018
How Echo State CEO Josef Falk grew to $5.7M revenue with a 43 person team in 2024.
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
Echo State Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Echo State Hit $5.7m revenue in October 2024 | |
| 2023 | Echo State Hit $4m revenue in December 2023 | |
| 2021 | Echo State Hit $1.6m revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
Echo State Valuation, Funding Rounds
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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Echo State yet.
Echo State Employees & Team Size
Echo State employs approximately 43 people as of 2026, down from 50 in 2023.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about Echo State
What is Echo State's revenue?
Echo State generates an estimated $5.7M in annual revenue.
Who founded Echo State?
Echo State was founded by Josef Falk.
Who is the CEO of Echo State?
The CEO of Echo State is Josef Falk.
How much funding does Echo State have?
Echo State is bootstrapped and has not raised outside funding.
How many employees does Echo State have?
Echo State has 43 employees.
Where is Echo State headquarters?
Echo State is headquartered in Stockholm, Sweden.
Compare Echo State to the industry
Echo State operates across multiple industries. Browse revenue, funding, and growth data for Echo State in each sector below.
Data and Sources
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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