# Memory.ai (Timely Norway)

> A Norwegian AI-based productivity company that raised $25.2M and operates Timely as its flagship time-tracking product. As of 2026, Memory.ai is building AI-powered automatic time tracking tools focused on privacy and productivity.

- **URL:** https://tracxn.com/d/trending-business-models/startups-in-time-tracking-software/__dSQSN58K4bQCaujGtZM0aOrHNJrjaao6nUsM_XbZ2KA
- **Category:** Time Tracking Software
- **Tags:** Ai Powered, Norway, Funded
- **Updated:** 2026-03-20 02:42
- **Canonical page:** https://timetrack.works/hi/items/memoryai-timely-norway

## Details

## Company Overview

Memory.ai is a Norwegian technology company focused on building AI-based productivity tools. The company operates Timely, an automatic time-tracking software, as its flagship product.

## Funding

Memory.ai has successfully raised $25.2M in funding, making it one of the well-funded companies in the time tracking software sector as of 2026.

## Product Focus

The company's primary product, Timely, emphasizes:
- Automatic time tracking using AI
- Privacy-first approach to activity monitoring
- Productivity insights and analytics
- Reducing manual time entry burden

## Market Position

As of January 2026, Memory.ai is positioned among the notable startups in the global time tracking software market, which is experiencing significant growth with projections reaching billions in market size by 2033.

## Geographic Presence

Based in Norway, Memory.ai is part of the European time tracking software ecosystem, contributing to the region's growing presence in productivity technology.

---

_This Markdown mirror is generated by Ever Works for AI agents. The canonical HTML page is at https://timetrack.works/hi/items/memoryai-timely-norway._