Valuation
$1.8M
2024 Revenue
$593.8K
Funding
$0
YOY
26.5%
Team
16
Founded
2010
How Euformatics CEO Tommi Kaasalainen grew Euformatics to $593.8K revenue with a 16 person team in 2024.
Developer of bioinformatics tools intended to improve human health and personalize patient care. The company's tools offer to access next generation sequencing of bioinformatics data, in context to genome measurement, to practice guidelines to ensure data quality and compliance, enabling medical doctors to provide better precision medicine for cancer and rare diseases.
Last updated
Euformatics Revenue
In 2024, Euformatics's revenue reached $593.8K. The company previously reported $469.4K in 2023. Since its launch in 2010, Euformatics has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Euformatics Hit $593.8k revenue in October 2024 |
| 2023 | Euformatics Hit $469.4k revenue in December 2023 |
| 2021 | Euformatics Hit $391.2k revenue in April 2021 |
| 2010 | Launched with $0 revenue |
Euformatics Valuation, Funding Rounds
Euformatics's most recent disclosed valuation is $1.8M.
Euformatics is a bootstrapped Generative AI Software startup. Founded in 2010, Euformatics has grown to $593.8K in revenue without raising any venture capital or outside funding.
As a self-funded Generative AI Software SaaS company, Euformatics has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Euformatics Employees & Team Size
Euformatics employs approximately 16 people as of 2026.
Euformatics has 16 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2024 | Reached 16 employees (October 2024) |
| 2023 | Reached 16 employees (December 2023) |
| 2022 | Reached 18 employees (December 2022) |
| 2021 | Reached 16 employees (December 2021) |
| 2021 | Reached 11 employees (April 2021) |
Founder / CEO
Tommi Kaasalainen
Tommi Kaasalainen is listed as Founder / CEO at Euformatics.
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 Euformatics yet.
Frequently Asked Questions about Euformatics
What is Euformatics's revenue?
Euformatics generates $593.8K in revenue.
Who founded Euformatics?
Euformatics was founded by Tommi Kaasalainen.
Who is the CEO of Euformatics?
The CEO of Euformatics is Tommi Kaasalainen.
How much funding does Euformatics have?
Euformatics raised $0.
How many employees does Euformatics have?
Euformatics has 16 employees.
Where is Euformatics headquarters?
Euformatics is headquartered in Espoo, Finland.
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X-CITE S.A.
We merged the IoT & AI SYSTEM ENABLER and DESIGN HOUSE view, creating a unique positioning to enable private and public clients ’cross industries to deploy IoT, AI & 5G solutions in a reliable way, “Out of the Box”. Regrouping multiple expertise – IoT, Cloud technologies, Mass data, AI, ML, Security, NG telco networks incl. 5G & xPON, automatization - our offer is unique! From idea generation, over fast prototypes, POCs’, followed by large implementations using X-BRAiN as a Connectivity, Mass-data and AI Accelerator incl. NEF-SCEF 5G integration. X-CITE is official Google Cloud partner. Our aim is to build a library of +200 AI & 5G use cases covering the most essential verticals, allowing our multi-disciplinary teams together with customers to rapidly formulate ideas or use-cases and implement them in X-BRAiN with low TTM. X-BRAiN uses ML and AI algorithms to address IoT and its associated problems, all available in a subscription model. Our Foundational Technology Platform is blockchain enabled. Learn more on www.x-brain.io Our offer includes a growing Edge hardware portfolio integr. with X-BRAiN and available in subscription model. It includes a world first advanced 5G Google Coral Module which can be mounted straight on devices including Drones; modular 4G LTE Cat. M1/Cat. NB2/EGPRS & GNSS high-speed Tracker and environmental Sensor, NB1/NB2 and M1 cellular LPWAN vehicle and health tracker. We are accelerating our move to a Digital Business Platform model and open-up X-BRAiN to developers that can make more of the data, assets, and services available – Become part of our “Firestarters” developer community. We design and build your future IoT, AI, 5G and circular economy strategy and products. X-CITE is headquartered in Luxembourg, with offices in Munich and Belgrade and strong links to UK.
Compare Euformatics to the industry
Euformatics operates across multiple industries. Browse revenue, funding, and growth data for Euformatics in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .