Funded Artificial Intelligence Startups in Norway
Norway's AI funding activity, as reflected in these 26 rounds, is heavily concentrated in Oslo, which claims the majority of companies from seed through Se…
Norway's AI funding activity, as reflected in these 26 rounds, is heavily concentrated in Oslo, which claims the majority of companies from seed through Series A. Round sizes cluster sharply at the $3M seed level — SportAI (November 2025), Deckmatch (November 2024), Vind AI (September 2024), Sloyd (June 2024), and Völur (April 2024) all closed at exactly that figure within a 19-month window. At the other end of the range, 1X raised a $100M Series B in January 2024 from Moss (Ostfold), and Cognite completed a $113M secondary market transaction in February 2022 from Lysaker.
Outside Oslo, Stavanger and the broader Rogaland region produced Earth Science Analytics ($75M, 2020), Aivero ($2M seed, 2021), and Factiverse ($1M seed, 2024). Halden-based eSmart Systems closed a $32M round in October 2024. The four most recent entries — SportAI, Spoor, Aurora Analytica, and Aida Social, all dated between May and November 2025 — are predominantly early-stage with three of the four amounts undisclosed.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Norwegian AI startups in this dataset?
The three largest are Cognite's $113M secondary market transaction (February 2022, Lysaker), 1X's $100M Series B (January 2024, Moss), and Earth Science Analytics' $75M raise (September 2020, Stavanger). Among more recent activity, eSmart Systems' $32M round in October 2024 is the largest disclosed raise in the 2024–2025 period.
Which city dominates AI startup funding in Norway based on these records?
Oslo accounts for the large majority of companies in this dataset. Stavanger and its surrounding Rogaland region form a secondary cluster — Factiverse, Aivero, and Earth Science Analytics are all based there — while Moss (Ostfold) contributed 1X and Halodi Robotics. Bergen appears once, with Aimy's $280K pre-seed in April 2023.
What funding stage appears most frequently among these Norwegian AI companies?
Seed rounds are the most common stage, with at least eight companies — including SportAI, Deckmatch, Vind AI, Sloyd, Factiverse, Völur, Aivero, and Exabel — raising at that level. Several entries carry a 'Series Unknown' label, reflecting gaps in public disclosure rather than the absence of institutional capital.
Which companies in this dataset have raised at Series A or later?
Series A rounds include Findable ($10M, Oslo, September 2024) and Iris.ai ($8M, Oslo, May 2024). Series B raises include 1X ($100M, Moss) and two separate Semine rounds ($6M in July 2021 and $3M in July 2022). Cognite's $113M transaction was structured as a secondary market sale.
Does any company in this dataset appear more than once?
Semine (Oslo) is the only company with multiple entries: a $6M Series B in July 2021 and a $3M Series B in July 2022. No other company in the 26 rows shown has raised more than one disclosed round.
How active was Norwegian AI startup funding in 2024 compared to 2025?
2024 shows the densest activity in the dataset, with 11 rounds including Findable's $10M Series A, Iris.ai's $8M Series A, and eSmart Systems' $32M raise. The four 2025 entries — SportAI, Spoor, Aurora Analytica, and Aida Social — are predominantly early-stage, with only SportAI's $3M seed amount publicly disclosed.
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