--- title: "Starhive raised $5M to transform AI asset management" description: "It's exciting times, as we just raised $5 million to double down on AI for business and IT asset management!" url: https://starhive.com/blog/funding-announcement-pre-series-a --- # We just raised $5 million in funding! It's exciting times, as we just raised $5 million to double down on AI for business and IT asset management! [Tommy Nordahl](https://starhive.com/blog/author/tommy-nordahl)08/04/2025 · 2 min read ### 🚀 It's exciting times, as we just raised $5 million to double down on AI for business and IT asset management.   This pre-series A round was led by [Ventech](http://www.ventechvc.com/), a well-established early-stage venture capital firm in both Europe and Asia with a strong digital focus. We warmly welcome Ventech’s Joel Uddén to the board. Our earlier investor [node.vc](http://node.vc/) also joined the round. Today, **Starhive offers a powerful platform** for managing all types of IT and business assets and services. Whether you’re tracking infrastructure, machinery, or software components, Starhive gives you the tools to design flexible business processes and automate the heavy lifting. With our **no-code application builder**, IT teams can create custom business apps for managing assets and services in minutes, comfortably using the full power of Starhive without writing a single line of code. Customers and partners can also use Starhive as a no-code backend, enabling fully branded, pixel-perfect, and deeply integrated front. [Just like Pure Consulting did!](https://starhive.com/blog/pure-consulting-employee-portal) ### 💡The next chapter: AI-powered intelligence Now that the foundation is in place, we’re ready to unlock the next evolution: **AI-driven asset intelligence**. This latest investment will be focused on developing a suite of **AI tools that deliver smarter insights, better decisions, and deeper operational clarity**. We’re also expanding our market presence to bring Starhive to more organisations looking to transform how they manage their assets. ### 🧠 Why AI in asset management matters While AI has made inroads into IT service management—especially in helpdesks—**it’s largely absent in IT asset management**. That’s a missed opportunity. AI has the potential to dramatically improve how organisations **optimise usage, reduce costs, and forecast infrastructure needs**. So why the gap? Traditional ITSM and ITAM vendors have focused on AI for support agents, not assets. Often, their architecture simply can’t support deeper asset intelligence. ### 🎆 Starhive is built differently Starhive isn’t just another ITAM tool. At its core, it’s a **flexible, object-oriented system** where anything can be an asset. Its meaning is entirely defined by _your_ data and _your_ business logic. The flexible architecture of Starhive differs from other ITAM tools as it was originally not built to just manage IT stuff. It’s built to manage ANY business asset, whether it’s IT-related or not. By connecting this rich internal data with external signals, Starhive becomes an engine for **advanced analytics, forecasting, and AI-powered simulations**. The result? Smarter decisions, optimised operations, and a true competitive edge. As we expand our AI capabilities, we’re also continuing to invest in our **no-code application builder**. Because managing assets isn’t just about data—it’s also about providing those assets to people. That’s why we are designing **on-brand, intuitive experiences** that empower teams across the business. ### **✨** Ready to see the future of asset management? If you haven’t already, [book a demo](https://starhive.com/book-your-free-demo) or [start your free trial](https://app.starhive.com/signup) to see how Starhive can transform your approach to IT and business asset management—with flexibility, intelligence, and ease. **\- Tommy** CEO & Co-founder @Starhive ![Tommy Nordahl](https://starhive.com/images/blog/authors/tommy-circle-headshot.webp) About the author Tommy Nordahl Tommy is the CEO & co-founder of Starhive, with extensive experience in asset management. He previously founded both Mindville (acquired by Atlassian) and Riada (acquired by Eficode), two companies whose mission was to transform asset and service management across enterprises businesses. [Read more by Tommy Nordahl](https://starhive.com/blog/author/tommy-nordahl) Share this post Blog first published on 08/04/2025, last updated on 19/12/2025. ## Related blog articles [Visit the blog](https://starhive.com/blog) - [App building ### Starhive raised $3M to accelerate global expansion Today is an exciting day in the Starhive universe! We raised $3 million in seed funding... 2 min read](https://starhive.com/blog/funding-announcement-seed) - [Software asset management ### Scaling SaaS company use Starhive for vendor management 3 min read](https://starhive.com/blog/vendor-management-solution-for-scaling-businesses) - [Physical asset management ### Retail store tracks security assets to improve customer safety 3 min read](https://starhive.com/blog/tracking-store-security-assets-to-improve-customer-safety)