HUGIN EXPERT A/S
- Company typePrivate
- Founded1989
- HeadquartersAalborg, Denmark
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
HUGIN EXPERT A/S firmographics
Firmographics- Name
- HUGIN EXPERT A/S
- Legal name
- HUGIN EXPERT A/S
- Website
- https://hugin.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
HUGIN EXPERT A/S industry classification
Industry- Product category
- Decision Support Software (Bayesian Network / Probabilistic Analytics)
- NAICS
- Computer Systems Design Services (541512)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Risk Scoring, Credit & Fraud Analytics (counterparty/wallet risk) (FSAPAJAF)
- akta.pro secondary industry
- Edge-Based Clinical Decision Support & Alerts (On-Device/On-Prem Analytics) (HLACAPAL)
Keywords
Where HUGIN EXPERT A/S is headquartered
LocationHeadquarters
- HQ city
- Aalborg
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
HUGIN EXPERT A/S business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Software Licenses: Commercial and academic software licenses for HUGIN Developer, HUGIN Researcher, HUGIN Explorer, HUGIN Educational products. Includes perpetual and subscription options with Support Pack (25% of list price annually).
- Training Services: 3-day general training courses in Bayesian Networks held in Aalborg, Denmark. Also online training courses. Pricing: Standard DKK 15,750/EUR 2,120; Students/HUGIN users DKK 9,450/EUR 1,272. Online: EUR 1,000 standard, EUR 600 students.
- OEM Licensing: Embedding HUGIN Decision Engine into proprietary software products or services. Four OEM models: internal use only, turnover-based percentage, fixed distributions per year, or fee per distribution. Tailored to customer needs.
- Consultancy Services: Professional services including business case workshops, model development, model integration, and model refinement. Helps clients through model development and system integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | 3-Day On-location Training Course - Standard |
| One time/ perpetual license | Pay-as-you-go | 3-Day On-location Training Course - Students/HUGIN Users |
| One time/ perpetual license | Pay-as-you-go | Online Training Course - Standard |
| One time/ perpetual license | Pay-as-you-go | Online Training Course - Students |
| Subscription | Annual | Commercial Software Licenses |
| Subscription | Annual | Support Pack Renewal |
| Other | Multi-year contract | OEM Licensing Models |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels10 records
HUGIN EXPERT A/S product offering
Product offeringCore offering
HUGIN EXPERT A/S develops and licenses Bayesian network and influence diagram software for decision support under uncertainty. Its core offering consists of the HUGIN Decision Engine (HDE) inference engine and the HUGIN Graphical User Interface (HGUI), delivered through commercial and academic license tiers (HUGIN Developer, HUGIN Researcher, HUGIN Explorer, HUGIN Educational) and an OEM deployment license for embedding. Pre-built vertical solutions include BayesFraud (insurance fraud detection), BayesAML (anti-money laundering), BayesCredit (credit default risk), HUGIN FiNDR (home care risk), and idoc PredictIT (predictive maintenance), supported by training and consultancy services.
Product overview
HUGIN EXPERT A/S provides a suite of Bayesian network and influence diagram software for decision support and reasoning under uncertainty. The product portfolio consists of two core components — the HUGIN Graphical User Interface (GUI) and the HUGIN Decision Engine (HDE) — delivered through four commercial and academic development license tiers: HUGIN Explorer and HUGIN Developer (commercial), and HUGIN Educational and HUGIN Researcher (academic). All tiers include the Java-based GUI; Developer and Researcher add the full HDE with all APIs (C, C++, Java, .NET, Webservice, COM, Python, Swift). The HUGIN OEM license enables embedding the HDE into proprietary products. A free HUGIN Lite trial is also available. HUGIN also offers three domain-specific solutions built on the platform: BayesFraud for insurance fraud detection, BayesAML for anti-money laundering, and BayesCredit for credit default risk. Add-on services include instructor-led and online training, professional consultancy, and the HUGIN Support Pack.
Differentiator
Problem solved
Functional benefit
Brands
- BayesFraud: Market-leading predictive analytics solution for fraud detection for insurers, providing advanced automated fraud detection capabilities during claims handling.
- BayesAML
- BayesCredit
- HUGIN FiNDR
- idoc PredictIT
- HUGIN Lite
- HUGIN Developer
- HUGIN Researcher
- HUGIN Explorer
- HUGIN Educational
- HUGIN OEM
Products and services
- HUGIN Developer A commercial development license providing the HUGIN Graphical User Interface, the HUGIN Decision Engine, and full development APIs (C, C++, Java, .NET, Webservice, COM, Python, Swift) for organizations building advanced applications and services based on HUGIN's Bayesian network technology.
- HUGIN Researcher An academic license for users who wish to utilize HUGIN Bayesian technology to build advanced applications for research purposes only, including the HGUI, HUGIN Decision Engine, and full development APIs.
- HUGIN Explorer A commercial development license providing access to HUGIN Bayesian network technology through an advanced, intuitive graphical user interface (HGUI), intended for organizations exploring and experimenting with Bayesian networks without needing software development.
- HUGIN Educational An academic license for employees or students at academic institutions who wish to learn about and utilize HUGIN Bayesian network technology, including the HGUI and walk-through learning materials.
- HUGIN Lite A free limited version of HUGIN Developer/Researcher restricted to 50 states and learning from up to 500 cases, used as a demonstration and proof-of-concept tool; available for Windows, Linux, macOS, plus mobile apps on Google Play and App Store.
- HUGIN OEM A deployment license for organizations that want to incorporate the HUGIN Decision Engine into their proprietary software products or services, offered with four OEM pricing models (internal-use only, turnover-based percentage, fixed distributions per year, or per-distribution fee).
- BayesFraud A market-leading predictive analytics solution providing insurers with advanced automated fraud detection during claims handling, evaluating every submitted claim for fraud probability in real time by combining claims data with expert input; available as a batch system or real-time warning system, and distributed in Scandinavia via FDC's F2100.
- BayesAML A genuine risk-based anti-money laundering solution enabling insurers, banks, casinos, and other at-risk entities to assess customers, products, and services according to risk and pinpoint suspicious activity before laundering can be executed.
- BayesCredit A best-practice predictive analytics solution enabling finance institutions to accurately assess, identify, and manage credit default risk in real time by combining expert input, historical data, and uncertain information; approved by Basel regulators as an advanced method for risk reporting.
- HUGIN FiNDR A predictive solution for identifying home care recipients at highest risk of hospital admission, enabling Danish municipalities and care providers to proactively intervene and prevent severe illness and hospitalization.
- idoc PredictIT A predictive maintenance solution based on advanced AI/ML technology that combines domain knowledge and experience with data to predict when machines need maintenance, enabling condition-based servicing.
- HUGIN Training (3-day on-location course) A 3-day instructor-led general training course in Bayesian Networks delivered on-location in Aalborg, Denmark, covering Bayesian networks, influence diagrams, learning from data, and object-oriented networks, including hands-on work with HUGIN software, course slides, and the book 'Bayesian Networks and Influence Diagrams – A Guide to Construction and Analysis'.
- HUGIN Online Training An online training course in Bayesian Networks delivered over five 2-hour sessions, covering introduction to Bayesian networks, learning and adaptation from data, decision and utility theory, influence diagrams, and programming with the HUGIN Decision Engine, and including a trial license to HUGIN Developer.
- HUGIN Consultancy Professional services including business case workshops, model development, model integration, and model refinement, delivered by HUGIN consultants to help clients move from needs assessment through model development to integration of HUGIN technology into their IT systems.
- HUGIN Support Pack An annual support subscription included with commercial and academic licenses in the first year and renewable at 25% of the current list price, providing access to new releases and updates, technical support, training discounts, priority issue notification, and priority involvement in beta programs.
Quantifiable outcome
- BayesCredit solution approved by Basel regulators and outperformed S&P's own risk models in benchmark testing
- +3 more outcomes
Companies that use HUGIN EXPERT A/S
Customer profileNamed customers25 records
Segments10 records
Ideal customer profiles4 records
HUGIN EXPERT A/S technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability8 records
Feature7 records
HUGIN EXPERT A/S partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, strategic and minor.
- GridData GmbHcoreLead organization in REDistXAI project (Eurostars-EUREKA Programme). GridData specializes in electricity distribution grid solutions. 36-month project (May 2024 - April 2027) developing XAI software platform for grid fault-localization.
- FDCcoreFDC is Scandinavia's largest supplier of IT solutions for the insurance and pension sector. Partnership since 2012 to improve fraud detection for insurers. FDC customers can access BayesFraud advanced fraud detection in FDC's F2100 solution.
- CombitechstrategicOne of the Nordic region's largest technology consulting firms with 1,400+ employees in Sweden, Norway, and Finland. Focus on environment and security, combining technical expertise with industry knowledge for risk and security solutions.
- Treat SystemsstrategicDanish company developing TREAT Steward antimicrobial stewardship solution based on HUGIN technology. Aims at improving clinical outcomes of patients with infections while preserving antimicrobial effectiveness.
- EcsactminorDanish actuarial services company for non-life insurance sector. Provides smaller insurers with actuarial services and professional consultancy to remain competitive.
- Aalborg UniversitycoreStrategic location partner. HUGIN founded as spin-off from Aalborg University MUNIN project. Ongoing collaboration in EU research projects and world-largest Bayesian Network research cluster.
- Technological University DublinstrategicLead organization of CISC (Collaborative Intelligence for Safety Critical systems) Marie Curie Training Network funded by European Commission. 17 partners total.
- Qast Systems SolutionscoreReseller covering China, Taiwan, Hong Kong, and Singapore. Suite 1301, 3rd Floor, Building #1, No. 546 Chang Ning Road, Shanghai 200042, China.
- ELSEWAREcoreReseller for France. Located at 26-28, rue Danielle Casanova, 75002 Paris. Contact: Patrick Naim.
- MindwarecoreReseller for Japan. Terminal Square, 1-4, Ekimoto-Cho, Kita-ku, Okayama, 700-0024 Japan. Contact: Kunihiro Tada.
- Blue Stallion TechnologiesminorReseller for South Africa. PO Box 742, Saxonwold, 2132, Johannesburg. Contact: Clemens Dempers.
- National Core Solution IncminorReseller for Korea. 9th Fl. Korea Chamber of Commerce, Namdaemunno 4-ga, Jung-gu, Seoul. Contact: MJ Kim.
- Progressive Gateway TechnologyminorReseller for Malaysia. No. 43-4-1 Jln. 3/101C, Cheras Business Centre, Batu 5, Jln. Cheras, 56100 Kuala Lumpur. Contact: Iris HO.
- RiskoFit Tecnologia Aplicada LtdaminorReseller for South America (Brazil). Rua Antonio Joaquim Mesquita, 377/301, Porto Alegre - RS Brazil. Contact: Tito Rossi.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
HUGIN EXPERT A/S competitors and assessment
Company assessmentMarket position
Competitive moat7 records
Key highlights7 records
Customer concentration
HUGIN EXPERT A/S social profiles
Digital presenceHUGIN EXPERT A/S financial estimates
Financial estimateRevenue estimate
Valuation estimate
HUGIN EXPERT A/S leadership team
Management profileNumber of profiles
Profiles10 records
HUGIN EXPERT A/S funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HUGIN EXPERT A/S M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HUGIN EXPERT A/S
What does HUGIN EXPERT A/S do?
HUGIN EXPERT A/S develops and licenses Bayesian network and influence diagram software for decision support under uncertainty. Its core offering consists of the HUGIN Decision Engine (HDE) inference engine and the HUGIN Graphical User Interface (HGUI), delivered through commercial and academic license tiers (HUGIN Developer, HUGIN Researcher, HUGIN Explorer, HUGIN Educational) and an OEM deployment license for embedding. Pre-built vertical solutions include BayesFraud (insurance fraud detection), BayesAML (anti-money laundering), BayesCredit (credit default risk), HUGIN FiNDR (home care risk), and idoc PredictIT (predictive maintenance), supported by training and consultancy services.
Is HUGIN EXPERT A/S a public or private company?
HUGIN EXPERT A/S is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HUGIN EXPERT A/S founded?
HUGIN EXPERT A/S was founded in 1989. It employs 1 to 10 people.
Where is HUGIN EXPERT A/S based?
HUGIN EXPERT A/S is headquartered in Aalborg, Denmark, in the Europe region.
How does HUGIN EXPERT A/S make money?
Four revenue lines are on record. Software Licenses are the primary driver. The others are training Services, OEM Licensing and consultancy Services.
Does HUGIN EXPERT A/S have an API?
Yes. The HUGIN Decision Engine (HDE) provides Application Programming Interfaces (APIs) for integrating Bayesian network and influence diagram reasoning into proprietary software. Available APIs include: C API, C++ API, Java API, .NET API (covering .NET Core and .NET Framework), Web Service API, COM API, Python API, Swift API, and a deprecated ActiveX Server API. The Python API manual is provided as an online version. The Java API includes a demo of a Bayes Fraud detection model. Developer documentation is at www.hugin.com/hugin-api.
What industry is HUGIN EXPERT A/S in?
HUGIN EXPERT A/S's product category is Decision Support Software (Bayesian Network / Probabilistic Analytics). Its primary akta.pro industry code is FSAPAJAF, Risk Scoring, Credit & Fraud Analytics (counterparty/wallet risk), with a secondary code of HLACAPAL, Edge-Based Clinical Decision Support & Alerts (On-Device/On-Prem Analytics). Its NAICS code is 541512 and its SIC code is 7372.