The story
The company was founded in 2006 by Edwin Kuipers and is headquartered in Groningen, Netherlands. Elkoog initially received approximately $750,000 in angel funding from business associates and personal contacts.
Early development and funding
By early 2007, the company's concept had demonstrated its feasibility. As Heeii was designed to operate at scale, remain continuously available, and provide rapid responses, the company required additional investment in its technical infrastructure. Elkoog subsequently secured a second round of funding from angel investors, the venture capital fund The Knowledge Conversion Fund, and the ir. G. J. Smid Fund Foundation. This funding round totalled approximately $1.6 million.
By early 2009, the company had raised an additional $2.6 million for marketing activities in the Netherlands and internationally.
TARGET collaboration
In early 2009, Heeii became a member of the expertise centre TARGET, a collaborative initiative focused on the development of intelligent sensor-network information systems and technologies for the management of large-scale data. The initiative brought together scientific research groups and private-sector organisations to develop scalable systems for data processing, archiving, and analysis, with the aim of translating research into commercial applications.
TARGET was a collaboration between:
National Astronomical Datacenter OmegaCEN
University Medical Center Groningen (UMCG)
Netherlands Institute for Radio Astronomy (ASTRON)
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Artificial Intelligence at the RuG
Donald Smits Center for Information Technology
Task24
Oracle
IBM
Heeii
Target Holding
The University of Groningen served as TARGET's secretariat. The partners developed an innovation programme with a total budget of €32 million, including almost €16 million in planned investment.
From Wikipedia’s article on Heeii, shared under CC BY-SA 4.0.3