Oslo, the Norway capital has set up a thriving startup ecosystem with the best of ingenuity and originality of Scandinavia. It is home to a buzzing startup scene and is considered to be one of the best destinations for tech startups. If you didn’t know about the tech startups in Oslo, then you need to know that Opera Software, the creator of the infamous web browser.
Even the Norwegian government is supporting the startup ecosystem in the country with heavy investments to support Artificial Intelligence and other technologies. There are events including Startup Weekend Oslo held thrice a year, Oslo Startup Day hosted every month and more to make it interesting and motivating for the companies and entrepreneurs.
Without further ado, we list 10 visionary Oslo-based startups that are making big news in 2019 and beyond as sourced from Dealroom.
Founders: Anders Kvale, Carl Christensen, Håvard Haukeland
Valuation: $100 million to $150 million
Total Funding: €22.7 million
Founded year: 2016
Why its hot: Spacemaker creates a design and construction simulation software based on Artificial Intelligence aimed at property development. This startup lets users explore and generate site proposals, sort the best ones and provide detailed analyses. Spacemaker carriers the credits of having developed the world’s first platform letting developers and architects use AI to bring about optimal solutions to the multi-building residential development design.
Founders: Erik Bakstad, Magnulf Pilskog
Valuation: €14 million to €22 million
Total Funding: €4.7 million
Founded year: 2013
Why its hot: Ardoq operates with the mission of helping organisations visualise their dependencies. The company’s Enterprise Intelligence Graph connects data, processes and people across businesses. Their clientele includes energy & utilities, finance, telco, consumer services and public sector companies. Ardoq helps bring a cross-organisational digital transformation, uncover cost savings, mitigate risk and inspire better governance.
Founders: Mathias Mikkelsen
Valuation: $20 million to $30 million
Total Funding: €5.5 million
Founded year: 2013
Why its hot: Artificial Intelligence startup Memory seeks to use tools that will solve the abuse of time in the modern workplace by providing digital superpower to humans. Its first product Timely is a completely automatic time tracking tool. With powerful AI tools, it is used by over 4,000 paying businesses spread across 160 countries.
Founders: Avtar Jasser
Valuation: €16 million to €24 million
Total Funding: €4 million
Founded year: 2004
Why its hot: CatalystOne Solutions is a fast-growing SaaS company with more than 200 passionate employees working towards achieving a common objective. The company wants to let organisations build a thriving workplace. More than being a mere software supplier, CatalystOne wants to be a partner working closely with its customers to gain a maximum value from its HR solution.
Founders: Espen Einn, Ola Einang, Åste Einn
Total Funding: €1.6 million
Founded year: 2016
Why its hot: Payr offers a payment platform, which empowers customers to pay invoices in a smart and flexible way via debit or credit cards, bank accounts or digital wallets. This lets them save a considerable amount of time and money. In one year of its launch, Payr became the first non-banking company to implement electronic invoices in Norway.
Founders: Odd Skarheim
Valuation: €22 million to €33 million
Total Funding: €5.9 million
Founded year: 2012
Why its hot:Attensi is a leader in the field of 3D gamified simulation training for large corporation and companies. The startup creates a ‘learning by doing’ environment in a 3D virtual setting. To make this possible, the company uses a combination of realism and gamification with deep interactivity powered by game AI. Eventually, this startup makes training fun-filled and engaging.
CEO: Lars Boilesen
Founded year: 1995
Why its hot: Otello Corporation was earlier known as Opera Software and has a rich history and experience of over two decades. Opera is a well-known browser company. Otello is basically a collection of companies within apps & games and mobile advertising with a reach of over 2 billion users for now.
Founders: Andreas Thorsheim, Simen Fure Jorgensen
Valuation: €40 million to €60 million
Total Funding: €19.8 million
Founded year: 2016
Why its hot: Otovo is a distributed energy startup offering solar panels and installation services. The company offers a system for buying and selling excess energy. Depending on its planning software and e-commerce expertise, the company customises the solar panel system and maximises the solar resource. Otovo has delivered over 1000 facilities in Norway and Sweden so far.
Founders: Christian Lundvang, Yngve Tvedt
Valuation: €41 million to €62 million
Total Funding: €13.1 million
Founded year: 2014
Why its hot: Documaster is involved in developing easy to use and intelligent software that simplifies archiving with automation and helps businesses harness the complete potential of knowledge that is stored in archives. It is a product development company with a predictable subscription fee sans any hidden costs.
Founders: Bjørn Magne Sundal, Koki Yoshioka
Valuation: €22 million to €34 million
Total Funding: €6.1 million
Founded year: 2008
Why its hot: Airthings is the maker of world-class air quality monitors and detectors. The company makes use of the most accurate technologies to create user-friendly solutions that are offered to customers.
Stay tuned to Silicon Canals for more updates in the tech startup world.