Nasdaq StockholmIFRS · SEK

AI Revenue Assistant Software Stockholm

AI Revenue Assistant Software Stockholm AB is a Sweden-based software company built around the Aira platform and Aira Connect. Its products combine licensed company and financial data, news monitoring, web intelligence and contact data into workflow tools for sales and revenue teams, with the business organized from Stockholm and delivered through a listed public company structure.

Business

Share of revenue
Aira platform70 %

Core software that assembles company, financial, news and web intelligence in one interface.

Aira Connect25 %

Embedded workflow product that enriches customer records inside HubSpot.

Data and intelligence licensing5 %

Underlying licensed data feeds and AI-enabled enrichment supporting the platform.

Customers

The company sells to business users who need reliable company intelligence and contact enrichment in daily commercial workflows. Initial demand is described around sales and revenue teams, especially users working in CRM environments such as HubSpot. The products are designed for customers that want to replace several separate data tools with one integrated workflow.

Sales and revenue teams

Buy Aira for account intelligence, prospecting data and daily workflow support.

HubSpot users

Buy Aira Connect to enrich CRM records without leaving their existing system.

Revenue operations

Use the platform to standardize data enrichment and support commercial execution.

Commercial analytics users

Buy for company, contact and news intelligence that supports market research and targeting.

Strategy

The company is focused on turning Aira from a developed product into a commercial software offering with repeatable subscription revenue. A central priority is embedding Aira Connect inside existing CRM workflows, which should improve customer adoption and contract value versus a standalone tool. Product depth, licensed data quality and broad intelligence coverage are presented as the main basis for differentiation.

Grow recurring subscription revenueShort term

The business model depends on building ARR from a small installed base.

Scale Aira ConnectMedium term

The embedded product is described as carrying materially higher contract value.

Differentiate through data depthMedium term

Access to licensed company, financial and contact data is central to the offering.

Geography

The company is headquartered in Stockholm and operates as a Swedish listed software business. The reports describe Aira as globally launched, indicating a product model that is not limited to one domestic market and can be sold across multiple geographies. No country-level revenue split was disclosed in the provided material.

Risks

The company is early in commercialization, so execution risk around customer adoption, pipeline conversion and retention is high. It also depends on third-party licensed data and AI infrastructure, which creates supplier cost, access and product-quality risk. As a software business with capitalized development costs, revenue recognition, capitalization judgments and intangible asset values are important accounting and business risks.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Early commercialization risk1Dependence on third-party data2Customer retention and usage risk3Capitalized development impairment4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Early commercialization riskImpact: HighLikelihood: High

    The company only recently launched commercially and has a limited customer base.

    Exposure: Revenue growth and ARR build-out

  2. Dependence on third-party dataImpact: HighLikelihood: Medium

    Direct costs are tied to licensed data and AI infrastructure used to power the product.

    Exposure: Gross margin and product availability

  3. Customer retention and usage riskImpact: HighLikelihood: Medium

    Subscription software value depends on continued use inside daily workflows.

    Exposure: ARR durability

  4. Capitalized development impairmentImpact: MediumLikelihood: Medium

    The company capitalizes platform development, which must remain recoverable.

    Exposure: Intangible assets and reported operating profit

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Accounting

Judgemental items
Capitalized development costs

Development spend on Aira and Aira Connect is capitalized, boosting current-period operating income relative to expensing it immediately.

Impact: EBIT, intangible assets and future amortization

ARR measurement

ARR is based on active customer contracts and helps track subscription build-out before larger revenue is achieved.

Impact: Revenue visibility and commercial progress

Cost classification for licensed data

Licensed data and AI infrastructure are recorded in direct costs and affect gross margin economics.

Impact: Margin presentation and operating leverage

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026