Irisity AB (publ)
Irisity AB (publ) is a Swedish provider of AI-driven video analytics software, founded in 2004 and headquartered in Gothenburg.
Profile
AI-powered video analytics software for security and operational insights.
Irisity AB (publ) is a Swedish provider of AI-driven video analytics software, founded in 2004 and headquartered in Gothenburg. The company specializes in video data management solutions that enhance security and operational efficiency across various sectors. Irisity's technology integrates with existing camera systems to provide real-time analytics, including object detection, behavior analysis, and safety alerts.
The company has faced financial challenges, reporting a net loss of SEK 185.3 million in 2025, but has been implementing cost reduction measures and transitioning to a recurring revenue model. Recent strategic moves include the acquisition of Ultinous, a Hungarian AI video analytics firm, for SEK 45 million in 2024, and securing a SEK 5 million credit facility from its largest shareholder, Stockhorn Capital, in 2026. Irisity's customer base spans critical infrastructure, public safety, and commercial sectors, with notable deployments in the U.S., Europe, and Latin America.
Who buys this
- Government agencies and public safety organizations
- Critical infrastructure operators (e.g., utilities, ports)
- Commercial real estate and retail
- Transportation hubs (e.g., airports, seaports)
Publicly disclosed clients
- Kingston Freeport Terminal, Jamaica
- Kansai Electric Power Co., Inc (KEPCO), Japan
- Cherokee Nation Entertainment, USA
Strengths and what to watch
Strengths
- Proven deployments in high-security environments like U.S. government sites and major airports
- Integration capabilities with leading video management systems
- Recurring revenue model showing growth, with MRR reaching SEK 4.4 million in Q4 2025
Watch for
- Financial instability: recurring losses and reliance on shareholder financing (SEK 5 million credit facility in 2026)
- Customer concentration risk: significant revenue from government contracts
- Integration challenges post-Ultinous acquisition, with restructuring still ongoing as of 2026
Recent moves
- 4mo ago Q1: Continued sequential improvement on profitability and cost reductions, Irisity is evolving according to plan towards positive EBITDA.
- 5mo ago CEO comments on 2025 full year results
- 6mo ago Irisity enters into SEK 5 million credit facility with its largest shareholder while executing strategic plan
Key Information
- Founded
- 2004
- Headquarters
- Gothenburg, Sweden
Frequently Asked Questions
What is Irisity AB (publ)?
Irisity AB (publ) is a Swedish provider of AI-driven video analytics software, founded in 2004 and headquartered in Gothenburg. The company specializes in video data management solutions that enhance security and operational efficiency across various sectors, integrating with existing camera systems for real-time analytics.
What does Irisity's AI video analytics software do?
Irisity's AI video analytics software provides real-time analytics, including object detection, behavior analysis, and safety alerts. It integrates with existing camera systems to enhance security and operational efficiency, making it suitable for high-security environments like government sites and major airports.
How is Irisity AB performing financially?
Irisity AB reported a net loss of SEK 185.3 million in 2025 but has been implementing cost reduction measures and transitioning to a recurring revenue model. The company secured a SEK 5 million credit facility from its largest shareholder, Stockhorn Capital, in 2026.
Who are Irisity's main customers?
Irisity's main customers include government agencies, public safety organizations, critical infrastructure operators, commercial real estate, and retail sectors. Notable clients include Kingston Freeport Terminal, Kansai Electric Power Co., Inc (KEPCO), and Cherokee Nation Entertainment.
What recent acquisitions has Irisity made?
In 2024, Irisity acquired Ultinous, a Hungarian AI video analytics firm, for SEK 45 million. This acquisition is part of Irisity's strategic plan to enhance its technology and market presence, although integration challenges and restructuring are ongoing as of 2026.
What are Irisity's strengths in the AI video analytics market?
Irisity's strengths include proven deployments in high-security environments, integration capabilities with leading video management systems, and a growing recurring revenue model. Their MRR reached SEK 4.4 million in Q4 2025, showcasing their potential in the AI video analytics market.
Sources
- mb.cision.com — Financial results for Q4 2025 and full year 2025
- www.inderes.dk — Acquisition of Ultinous and financial terms
- irisity.com — Notable client deployments and use cases
- news.cision.com — Recent press releases and financial updates