Explore the Top 10 Disruptive Norwegian Tech Companies

10 Top Norwegian Startups

1. Sensor Globe – Fish Welfare & Water Quality Monitoring
2. Ocean GeoLoop – Point Source Carbon Capture
3. Lift Ocean – High-Speed Hydrofoil System
4. Miphic – Mitochondrial Precision Medicine
5. Counting Hero – Transportation Safety Automation
6. Syngens – AI-based DNA Design
7. Energi.ai – AI-based Emission Insights
8. Zebop – AI-powered Camera
9. Spense – Payment Automation
10. Variable – Supply Chain Decarbonization

How did we choose these 10 startups?

We rely on innovation data from StartUs Insights’ Discovery Platform, which tracks 4.7 million startups, scaleups, and tech companies worldwide. We filtered by location, founding year, technology readiness, and employee count, reducing the pool to 1313 startups in Norway. From this pool, we identified 10 standout startups by analyzing funding information and our proprietary popularity metric, Signal Strength. Signal Strength evaluates a company’s influence within the global innovation ecosystem. Let’s take a look!

1. Sensor Globe

• Founding Year: 2021
• Industry: Agriculture
• Technology: Fish Welfare & Water Quality Monitoring

Sensor Globe develops Sensor Globe, a wireless, compact multi-sensor device to enhance fish welfare and water quality in the aquaculture industry. It provides real-time data that shows insights into fish health and environmental conditions. Further, it measures parameters such as pH, dissolved oxygen, temperature, vacuum pressure, and G-forces and its design allows it to float or sink according to the aquaculture settings. The device continuously monitors through an app, either in real-time or through offline data logging, connecting via long-range bluetooth. This technology assists operators in optimizing equipment performance, identifying and addressing potential issues in transfer and crowding operations, and improving overall fish welfare.

2. Ocean GeoLoop

• Founding Year: 2020
• Industry: Cross-industry
• Technology: Point Source Carbon Capture

Ocean GeoLoop offers GeoLoop CC, a point-source carbon capture technology using natural processes to address global emissions. It captures CO2 emissions directly from industrial flue-gasses while converting them into a stable, non-polluting state without harmful chemicals. Further, Ocean GeoLoop integrates the e-Loop technology to make its carbon capture solutions self-sufficient and cost-effective which converts waste heat into electricity. This system operates on an all-electric pressure swing process to make it energy-efficient and function independently of excess heat sources.

3. Lift Ocean

• Founding Year: 2019
• Industry: Maritime
• Technology: High-Speed Hydrofoil System

Lift Ocean develops hydrofoil systems that enable boat manufacturers to integrate foiling technology into vessels ranging from 20 to 30 feet. It reduces water resistance by lifting boats above the surface, enhances energy efficiency, and allows boats to operate on both electric and petrol engines. Its features include quieter and smoother rides, reduced fuel consumption, and lowered operating costs, while also supporting zero-emission boating.

4. Miphic

• Founding Year: 2022
• Industry: Biotechnology
• Technology: Mitochondrial Precision Medicine

Miphic develops a mitochondrial precision medicine platform to enhance drug discovery, personalized medicine, and basic research. It addresses mitochondrial dysfunction to treat diseases like cancer, neurodegenerative disorders, and diabetes. The platform uses an image-based approach to screen the reaction of mitochondria to various conditions, such as drugs, metabolites, or stress. Further, the company enables targeted identification of mitochondrial dysfunction by leveraging screening techniques and data analysis. It develops therapies and supports personalized healthcare strategies to improve patient outcomes through precision medicine.

5. Counting Hero

• Founding Year: 2019
• Industry: Mobility
• Technology: Transportation Safety Automation

Counting Hero offers automatic sound and image capture technology customized for enhancing transportation safety and mobility efficiency. Its AI-driven platform integrates computer vision and machine learning (ML) algorithms to interpret visual and auditory data from various sensors. This provides detailed traffic statistics, real-time passenger counting in moving vehicles, and tire condition monitoring. Further, the technology utilizes multi-frame analysis and special optics to ensure accuracy even in challenging conditions like poor visibility and high-speed scenarios. Thus, Counting Hero AS improves road safety, optimizes traffic management, and supports sustainable transportation practices by offering integration with existing traffic infrastructure.

6. Syngens

• Founding Year: 2020
• Industry: Biotechnology
• Technology: AI-based DNA Design

Syngens provides an AI-based deoxyribonucleic acid (DNA) design platform that enhances the predictability of biological processes for biomanufacturing. The company creates DNA sequences customized for specific biological functions, such as the production of pharmaceuticals, nutrients, and enzymes by integrating AI with omics data. It allows for the rational design of genetic elements like promoters, codon optimization, and pathway engineering to enable specified control over gene expression in various cell factories and reduce reliance on trial-and-error methods.

7. Energi.ai

• Founding Year: 2021
• Industry: Climate Tech
• Technology: AI-based Emission Insights

Energi.ai offers an AI-powered platform that automates carbon accounting and provides insights to achieve net-zero emissions. The platform generates real-time calculations of emissions across the organization’s entire operations and supply chain by integrating with internal systems and external data sources. This data-driven method simplifies carbon accounting and also offers contextual recommendations for reducing emissions, optimizing energy use, and enhancing sustainability initiatives. Energi.ai’s platform assists to make informed decisions, track progress, and build climate action strategies.

8. Zebop

• Founding Year: 2020
• Industry: Maritime
• Technology: AI-powered Camera

Zebop develops AI camera technology that converts standard cameras into intelligent data-gathering devices through its scalable Camera as Code platform. This technology utilizes application programming interfaces (APIs) to automate camera controls and integrate ML operations. This deploys multiple AI models that update remotely while creating AI-driven applications in various environments, including marines. The company enhances operational efficiency and responsiveness in various industries by analyzing the data in real time.

9. Spense

• Founding Year: 2020
• Industry: Automotive
• Technology: Payment Automation

Spense provides a payment automation platform for car workshops and dealerships to simplify the payment process and enhance the overall customer experience. The platform allows customers to prepay invoices before their visit, which reduces administrative workload and improves cash flow. It automates reconciliation and offers real-time visibility into payment statuses via a customizable dashboard that tracks financial metrics. Spense supports various digital payment methods, including credit and debit cards, mobile wallets, and buy now pay later options while catering to diverse customer preferences.

10. Variable

• Founding Year: 2020
• Industry: Cross-industry
• Technology: Supply Chain Decarbonization

Variable provides a supply chain decarbonization software that measures, manages, and reduces carbon emissions throughout the product lifecycle. The company quantifies carbon footprint, identifies emission hotspots, and explores reduction scenarios with low-carbon solutions by providing tools for creating life cycle models (LCA). The software’s features include real-time carbon tracking, emission data collection from suppliers, and transparent reporting that supports compliance with sustainability standards. Variable’s solution aids companies in meeting their net-zero targets as well as reduces operational costs.

Explore the Norwegian Tech Companies Ecosystem

The Norwegian-based tech companies’ ecosystem consists of 1313 companies, each employing an average of 12 people. Notable sectors include maritime, sustainability, renewable energy, fintech, and manufacturing, underscoring the focus on environmentally conscious and industrial innovation. Early-stage venture capital, seed funding, and accelerator programs highlight the funding landscape by providing ample opportunities for startups to secure early financial backing.

Investors such as Innovation Norway, Askeladden & Co, Antler, 6AM Accelerator and Arctic Accelerator support these industries to build a collaborative environment where both startups and corporates benefit from partnerships that improve technological advancement and sustainable solutions. This ecosystem of startups in Norway offers a fertile ground for growth, particularly for companies innovating within essential sectors like energy and manufacturing.

This is just the tip of the iceberg. For personalized insights into the local or global startup ecosystem, depending on your needs, get in touch with us. We can provide tailored information and analysis to help you navigate the vibrant startup landscape.