Who founded SpinDrive?

SpinDrive was founded by Janne Heikkinen, Alexander Smirnov, Nikita Uzhegov in 2015.

Who are SpinDrive's investors?

SpinDrive's investors include Butterfly Ventures, D11Z, Innovestor Ventures, Rhapsody Venture Partners, SDGx, Butterfly, Innovestor.

SpinDrive

Founded 2015 · 31 employees on LinkedIn · 8 known investors

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SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.

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Founders & leadership

SpinDrive was founded in 2015 by Janne Heikkinen, Alexander Smirnov, and Nikita Uzhegov.

Janne Heikkinen Co-FounderCo-founder and CEO of SpinDrive, a spin-off from LUT University that develops active magnetic bearing technology for high-speed machinery applications.

Alexander Smirnov Co-founder · CTOPreviously a research scientist at VTT and a postdoctoral researcher at Aalto University and Lappeenranta University of Technology (LUT), where he also completed his postgraduate studies. His earlier work includes an exchange research stay at the Center for Rotating Machinery Dynamics and Control and a student position at Motorola.

Nikita Uzhegov Co-Founder and COOHe researched electrical machines at Lappeenranta University of Technology (LUT) from 2012 to 2016 and spent time as a visiting researcher at Taiwan's Industrial Technology Research Institute (ITRI). He has been named to MIT Technology Review's Innovators Under 35 list and works on energy efficiency in industrial machinery.

Teemu SillanpääCPO

Investors · 8

Butterfly Ventureslisted by Butterfly VenturesOulu · $300K

How we know: Butterfly Ventures's portfolio page · the VCSheet dataset · Not right? Tell us

D11Zlisted by D11ZHeilbronn

Innovestor Ventureslisted by Innovestor VenturesHelsinki · $270K – $3.2M

How we know: Innovestor Ventures's portfolio page · Not right? Tell us

Rhapsody Venture Partnerslisted by Rhapsody Venture PartnersCambridge · $500K – $2M

How we know: Rhapsody Venture Partners's portfolio page · spindrive.fi · funding news · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

SDGxlisted by SDGx

How we know: SDGx's portfolio page · Not right? Tell us

ButterflyreportedBeverly Hills

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

InnovestorreportedFinland

How we know: spindrive.fi · funding news · Not right? Tell us

Also in the syndicate · 1

Born2Grow

Funding

SEC filings, press & company announcements

Undisclosed amountSeries ANov 2023 · 2 sources
Rhapsody Venture Partners (lead), Born2Grow, Innovestor
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does SpinDrive do?: SpinDrive designs, supplies and supports active magnetic bearing (AMB) systems and controller platforms for industrial OEMs whose high-speed machinery depends on bearing performance and lifecycle cost. It offers complete AMB systems, controllers (Magma X100 and X800), and services including feasibility studies, system design, retrofits, condition monitoring and lifecycle support.
Who founded SpinDrive?: SpinDrive was founded by Janne Heikkinen, Alexander Smirnov, Nikita Uzhegov in 2015.
Who are SpinDrive's investors?: SpinDrive's investors include Butterfly Ventures, D11Z, Innovestor Ventures, Rhapsody Venture Partners, SDGx, Butterfly, Innovestor.