Alphalens, a Norwegian startup focused on artificial intelligence, has ceased operations after three years in business. The company had previously raised NOK 34 million and moved its operations to Silicon Valley in 2024 as part of an effort to scale.
The founders said rapid developments in the AI field made it difficult to remain competitive, and the company concluded it could not continue. The closure underscores the pressure startups face in keeping up with fast-moving technological and market shifts in AI.