Industrifonden led the investment in Logical Clocks, the company behind the open-source Hopsworks platform. Research spin-out Logical Clocks has secured Series A funding to expand its commercial operations and its global footprint. Headquartered in Stockholm, Logical Clocks was founded in 2016 by members of the Distributed Computing Group at KTH Royal Institute of Technology and the Swedish Institute of Computer Science (SICS). One member of that team was Irishman Jim Dowling, an associate professor at KTH and researcher at SICS. Hailing from Dublin, Dowling now leads Logical Clocks as CEO.