About ITSAccelerator
ITSAccelerator, an accelerator and incubator program founded in 2015, is based in Stavanger, Norway. With a presence in 2 countries, it has supported around 42 startups in sectors like Enterprise Applications, High Tech. Most notable companies in
its portfolio include Beyonder, KVS Technologies and PaleBlue. The program primarily supports startups based in Norway and United States.
Key Metrics
Founded Year
2015
Location
Stavanger, Norway
Portfolio Companies
Sectors of Investment
Locations of Investment
ITSAccelerator's List of Top Investments
ITSAccelerator has a portfolio of 42 companies. Their most notable investments include Beyonder and KVS Technologies.Their portfolio spans across Norway and United States. They have invested in Enterprise Applications, High Tech, Consumer and 23 other sectors. Here is the list of top investments by ITSAccelerator:1. Beyonder
Developer of battery cells and modules for industrial energy storage. The company delivers battery cells and modules designed for high-power industrial applications. These solutions cater to markets including grid and renewables, maritime, power backup, transportation, and charging. The company focuses on long cycle life, high power, and high energy density.
Key facts about Beyonder
- Founded Year: 2016
- Location: Sandnes (Norway)
- Annual Revenue: $0 - $1M as on Dec 31, 2021
- Stage: Seed
- Total Funding till date: $33.9M
- Employee Count: 42 as on Jan 14, 2025
- Investors: Equinor, Must Asset Management and 4 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2023, $*****
KVS Technologies is a Norwegian company that is involved in the development of robotics and real-time management systems for industrial applications. The company offers SPURV, a robot that is ideal for firefighting operations in tunnel structures and underground parking spaces. The robot features a heating camera that allows the user to see if there are people stuck in the fire. Clientele and Partners include Statnett, ABB, Hydro, Microsoft, NVIDIA, Omron, Norwegian University of Science and Technology, and the University of Stavanger. In addition, it develops an advanced low latency control system for drones and robots. The company was a part of NVIDIA Inecpiton Program, 2017.
Key facts about KVS Technologies
- Founded Year: 2015
- Location: Stavanger (Norway)
- Stage: Seed
- Employee Count: 67 as on Jul 01, 2024
- Investors: Sprettert and ITSAccelerator
- Latest Funding Round: Seed, Feb 10, 2018, $*****

3. PaleBlue
Immersive VR training solutions for enterprise, robotics, and space exploration. They provide cutting-edge immersive training solutions using virtual reality and gamification to enhance employee skills and safety. They offer a range of interactive courses for industries like energy, construction, manufacturing, maritime, and offshore. Their services include building custom training modules, ROV trainer simulators, subsea access simulators, and space simulators. They focus on increasing safety and compliance, reducing training costs, and improving knowledge retention through engaging virtual experiences. They leverage technologies like VR, mobile devices, and digital twins to create effective training programs. They offer solutions for robotics and autonomy, including training robotic workforces and conducting ROV access checks. They provide a platform for gamified training, turning employee training programs into engaging virtual experiences. They offer tailored course creation and a catalog of featured courses in safety and operations.
Key facts about PaleBlue
- Founded Year: 2016
- Location: Fort Lauderdale (United States)
- Stage: Funding Raised
- Employee Count: 19 as on Mar 31, 2026
- Investors: Europa and ITSAccelerator
- Latest Funding Round: Grant (prize money), Jan 01, 2021, $*****
- Highlight: Editors' Pick
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4. Pickr.AI
Provider of an AI-enabled robotic solution for pick and pack operations. The company offers hardware modules and its corresponding cloud-based management/monitoring solution. The solution functions as an AS/RS system along with added functionalities for picking (via suction tools) and packing. Claims that the system can pick directly from bins, shelves, and distribution boxes. The solution can be integrated with other third-party systems.
Key facts about Pickr.AI
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5. Tidewave
TIDEWAVE is a provider of smart devices to manage pain. It has developed a smart automatic mattress that turns and moves patients who are suffering from reduced mobility and back pain. The device helps to Increase mobility & reduced body pressure ulcers for the patient.
Key facts about Tidewave
- Founded Year: 2017
- Location: Stavanger (Norway)
- Stage: Funding Raised
- Employee Count: 8 as on Aug 31, 2026
- Investors: Venturecup, DSD and 1 Other
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