Aarhus Universitets segl

Former students’ AI company secures major investment as first pick of new venture fund

A group of former students have reached a major milestone: their AI company Cordulus has been selected as the first-ever investment by the newly established Delphinus Venture Capital.

Cordulus founding team
Cordulus' founder group. From the left: John Smedegaard, Stefan Pedersen, Martin Pedersen, Morten Birk, Andreas Troelsen.

Cordulus was founded in 2015 under the name Ceptu and started its journey in the department’s student incubator environment HatchIT Lab. Today, the company operates one of the world’s largest networks of hyperlocal weather stations and develops AI-based weather models that help farmers optimise fertilisation, crop protection and planning with far greater precision than traditional forecasts.

The investment brings Cordulus’ Series A funding to €6.8 million and will accelerate the company’s expansion into the energy market, where precise, real-time weather forecasts are becoming increasingly critical for energy trading, risk management and pricing.

“Cordulus is proof that Europe can compete in the battle for real-world AI. The team’s ability to connect advanced AI with something as physical and complex as the weather is rare,” says Mathias Brink Lorenz, CEO of Delphinus Venture Capital.

Delphinus Venture Capital is backed by the Aarhus University Research Foundation, Norlys, HEARTLAND and Salling Group, and focuses on long-term investments in research-heavy, deep-tech companies.

We are proud to see former students build globally ambitious companies rooted in research, data and real-world impact - and to see ideas that once started at the department now scale internationally.

For more information see announcement made by Cordulus: https://www.cordulus.com/blog/cordulus-secures-eu6-8m-in-series-a-funding