# Teneo.ai

> Teneo.ai, formerly Artificial Solutions, is a Stockholm-based conversational and agentic AI company founded in 2001. It built natural-language dialogue systems years before the current AI wave, won the 2008 Loebner Prize with its Elbot chatbot, and today powers more than 17,000 AI agents in enterprise contact centers for customers such as Telefonica, Swisscom and Medtronic. Listed on Nasdaq First North as TENEO, the company is navigating a debt restructuring while the market it pioneered gets reshaped by well-funded consolidators like Uniphore.

## Achievements

- Won the 2008 Loebner Prize with its Elbot chatbot
- Powers more than 17,000 AI agents in production across global enterprise contact centers
- Holds 99% accuracy in intent and entity detection via a hybrid of Teneo Linguistic Modeling Language and LLMs
- Supports conversational applications in over 86 languages
- Reported cutting one enterprise's LLM costs by roughly 98% through hybrid architecture
- Handles 900,000+ monthly calls for Telefonica Germany and about 9 million annual calls for Swisscom
- Helped Medtronic save around $6M and free 36,000 agent hours

## Latest updates

- **2026-07** — Reached agreement with lender Capital Four on a comprehensive restructuring of roughly SEK 290 million in senior loan financing and signaled intent to pursue a rights issue.
- **2026-Q2** — Disclosed that a legal dispute with a former US reseller partner hurt revenue and that its cash position covered roughly one month of operations at then-current revenue, accelerating financing needs.

## Links

- Website: https://www.teneo.ai
- LinkedIn: https://www.linkedin.com/company/teneo-ai

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Profile page: https://yespress.io/teneo-ai-agentic-ai-before-it-had-a-name
Published by YesPress — https://yespress.io
Last updated: 2026-08-07