Stream Analyze and the EIC Accelerator: Edge AI, Falling Sales

Stream Analyze, founded in Uppsala in 2015 on research by co-founder and professor emeritus Tore Risch, makes sa.engine, software that runs AI and analytics models directly on devices down to microcontrollers. Its EIC project said it had done "ten PoCs with industrials" and had "significant work to do to develop the platform to a readiness level where we can accelerate our commercialization and bring in the next funding round", according to CORDIS.

The European Innovation Council granted €2,499,999 towards a €3.60 million project from December 2022 to November 2024. The final report says the platform reached "a maturity level where after completion can sell production-grade licenses to our customers also for large-scale deployments", cut the engine's memory footprint from about 100 KB to under 20 KB, and secured 3 patents with 14 pending. After the project, the company's turnover fell from SEK 14.9 million in 2024 to SEK 2.6 million in 2025, and it lost SEK 20.5 million, according to allabolag.se.

Where Stream Analyze Stands Now

In May 2026 Stream Analyze appointed Stefan Månsby as CEO and said it had "secured an expanded investment from long-term owner MOOR Holding", without giving an amount, according to its release. It now targets transportation, industrial manufacturing, energy and infrastructure, and defence. In a Vinnova-funded project with RISE, Boliden and Volvo, its software ran AI on an electric mining truck 700 metres underground in June 2025.

The Technology: A Database Engine Shrunk to Fit a Chip

Sending all sensor data to the cloud is impractical, the report argues, so sa.engine analyses streams where they are produced. It lets engineers write models in a query language and deploy them to fleets of devices, with plug-ins for common coding tools. The report claims speed gains of up to 40 times for numerical expressions and up to 1,000 times in some image-streaming cases.

What the EIC Project Promised, and What CORDIS Shows

The project was to bring the platform to commercial readiness, support more hardware and add developer tools. The report documents all three, plus customer pilots. The stated purpose of that readiness, accelerating sales and raising the next round, did not follow as planned: turnover dropped in 2025 and the 2026 money came from the existing owner. CORDIS lists the project as closed.

1. Production-ready platformDeliveredPer final report.
2. More hardware targetsDeliveredPer final report.
3. Developer toolsDeliveredIDE plug-ins, SQL models.
4. Accelerated salesNot seenSEK 2.6M in 2025.

The Money

Turnover rose from SEK 1.0 million in 2021 to SEK 16.6 million in 2023, then fell to SEK 14.9 million in 2024 and SEK 2.6 million in 2025. The summary accounts show losses of SEK 13 million to 20 million a year and do not separate sales from grant income. Equity fell to SEK 1.6 million at the end of 2025, with SEK 4.1 million in cash.

What Cannot Be Checked

Why Europe Should Care

The report pitches the platform at Europe's manufacturing and automotive industries, which need to analyse growing volumes of machine data where it is produced. The EIC helped a Swedish team build a technically strong engine. Selling it at scale has proved harder.

The Verdict

Stream Analyze and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.