Comparison updated August 2026
Side by side
Published data on both agencies. Where one side measurably differs, the dot marks it: the higher score, the lower published rate, the larger team, the more recent review. Which of those is an advantage depends on your brief.
| Attribute | Modulai | Walma |
|---|---|---|
| Editorial score | Higher score: 61.8/100 | 60.3/100 |
| Hourly rate | Contact for rates | Contact for rates |
| Team size | Larger team: 10-49 | |
| Location | Stockholm, Sweden | Stockholm, Sweden |
| Founded | 2018 | — |
| Last reviewed | Aug 5, 2026 | Aug 5, 2026 |
What we said about each
Our take on Modulai
The most technically specific portfolio in this register, and the one where a reader with a machine-learning background learns the most. The NovoNordisk work is a multi-agent retrieval system for clinical trial evidence that retrieves, analyzes and returns results in the right format while keeping traceability—the case index names the client, though the study itself describes it as one of Europe's largest pharmaceutical companies. For an unnamed American software company it built a Bayesian…
Reviewed Aug 5, 2026
Read the full assessment →Our take on Walma
Four published engagements, and every one of them ends in a number: support response time down 65% with roughly three hours a day freed per case handler, forecasting accuracy up 40%, sales proposals from two hours to eight minutes with 80% less manual administration, internal service in a municipality roughly 50% faster. That consistency is unusual. Most agencies publish one quantified case and four descriptions.
Reviewed Aug 5, 2026
Read the full assessment →Best for
Where each agency measurably leads on the published data — team capacity, declared specializations, editorial scoring, and rates where both publish them. Use these to match an agency to your project priorities.
Choose Modulai if you need
- larger team capacity for multi-stream or enterprise-scale programs
- disclosed specialization in FinTech / Healthcare
- broader service offering — also covers Generative AI
Choose Walma if you need
- closer collaboration at a smaller team scale
- disclosed specialization in Public Sector / SaaS & B2B
- broader service offering — also covers AI Automation
Strengths and watch-outs
Both upsides and risks, straight from our editorial assessments.
Modulai
Strengths
- Names its models and its reasoning—Bayesian hierarchical regression, multimodal RAG, CPU-optimized detection—rather than describing capabilities
- Klarna and Novo Nordisk among named clients, which is a rare pairing of consumer fintech and regulated pharma
- Publishes method openly, including how it evaluates retrieval quality, so the engineering standard is checkable before you engage
Watch-outs
- More than a dozen published cases and no outcome figure in any of them—this team documents how it works, not what it earned
- A 30-plus engineering team taking research-grade problems; confirm capacity and timeline before committing to a deadline
Walma
Strengths
- Every published engagement carries an outcome figure, and they are operational rather than vanity metrics—hours per handler, minutes per proposal
- Owns its platform, so the data-residency answer is architectural rather than contractual—relevant for Swedish public-sector buyers
- Runs an EU AI Act advisory practice alongside delivery, which most agencies of this size do not attempt
Watch-outs
- The four quantified cases are anonymized and the ten client names attach to none of them—ask which is which
- No team size or founding year published; the organization number and address are there, the scale is not
Service coverage
Where the two overlap, and where each covers ground the other does not.
Industry coverage
Where the two overlap, and where each covers ground the other does not.
Frequently asked questions
- Which has more Manufacturing experience, Modulai or Walma?
- Both agencies show documented Manufacturing work. Modulai has the broader industry stack overall, with disclosed experience in FinTech, Healthcare, E-commerce beyond their shared focus.
- Which scores higher overall, Modulai or Walma?
- Modulai scores 61.8/100, 1.5 points higher than Walma at 60.3/100. Both portfolio quality and business credibility feed into the score — see our methodology for the full breakdown.
- When should I consider both Modulai and Walma?
- Consider running parallel discovery briefs with Modulai and Walma if your project spans multiple workstreams, you want competitive proposals to compare scope and approach, or you're undecided between the specialization angles each brings (see the Best for cards above). Most engagements ultimately go with one — but the parallel-brief phase is a low-cost way to validate fit.
Read the full reviews
A side-by-side is a starting point. The full assessments carry the portfolio analysis, documented engagements, and the evidence behind every strength and watch-out above.