About Artificial Intelligence companies in Norway
There are 80 Artificial Intelligence companies in Norway, including 26 funded companies having collectively raised $307M in venture capital money and private equity. Out of these, 14 are Series A+ funded.
Artificial Intelligence companies in Norway has seen 4 acquisitions. This represents almost 5.0% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
Top Artificial Intelligence companies in Norway
There are more than 80 Artificial Intelligence companies in Norway. boost.ai is the top Artificial Intelligence company in Norway, ranked using Tracxn Score (what's this?).
Here are 5 of the top Artificial Intelligence companies in Norway:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
AI-based virtual assistant platform for customer support and engagement | Stavanger (Norway) | 2016 | Series A | $5M | |
Platform offering enterprise operating system | Oslo (Norway) | 2021 | Series A | $28.5M | |
Cloud and AI-enabled analysis and design software for construction sites | Oslo (Norway) | 2016 | Acquired | $25M | |
Provider of cloud and AI-driven biodiversity monitoring solutions | Oslo (Norway) | 2020 | Series A | $13.4M | |
AI powered vector database platform | Trondheim (Norway) | 2017 | Series A | $31M |
Artificial Intelligence companies founded year-on-year in Norway
10 Artificial Intelligence startups in Norway were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 7 |
2024 | 8 |
2023 | 7 |
2022 | 2 |
2021 | 9 |
2020 | 6 |
2019 | 10 |
2018 | 2 |
2017 | 6 |
Stage-wise distribution of Artificial Intelligence companies in Norway
Out of the total 80 Artificial Intelligence companies in Norway, 26 have secured funding. Among them, 14 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 80
Funded - 26
Series A+ - 14
Series B+ - 5
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 80 |
Funded | 26 |
Series A+ | 14 |
Series B+ | 5 |
Series C+ | 4 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in Artificial Intelligence companies in Norway
Total funding year-on-year in Artificial Intelligence companies in Norway
Artificial Intelligence companies in Norway saw a total funding of more than $307M in the last 10 years. The most amount of funding was in 2021 at more than $129M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $28M |
2024 | $35.9M |
2023 | $47.5M |
2022 | $8.01M |
2021 | $129M |
2020 | $3.04M |
2019 | $27.5M |
2018 | $27.2M |
2017 | $114K |
Recent Funding Rounds in Artificial Intelligence companies in Norway
In the year 2025, till December 2025, Artificial Intelligence companies in Norway have raised $28M in equity funding across 4 rounds.
In the same period last year (i.e. till November 2024), Artificial Intelligence companies in Norway had raised $35.5M across 6 rounds.
So, 2025 has seen a 21.04% drop in funding in Artificial Intelligence companies in Norway as compared to 2024.
Here are some recent, important funding rounds in Artificial Intelligence companies in Norway:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 1270 | Dec 11, 2025 | and 4 more | |
Seed | 3783 | Mar 20, 2025 | and 2 more | |
Series A | 8726 | Mar 18, 2025 | - | |
Series A | 6520 | Feb 03, 2025 | and 4 more | |
Seed | 7154 | Nov 11, 2024 |
Top Investors in Artificial Intelligence companies in Norway
EQT is the top investor in Artificial Intelligence companies in Norway based on number of companies invested.
Here are some top investors in Artificial Intelligence companies in Norway:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Stockholm (Sweden) | - | |
New York City (United States) | ||
London (United Kingdom) | Tana and Spacemaker | |
Oslo (Norway) | ||
Oslo (Norway) |
M&A activity in Artificial Intelligence companies in Norway
In the year 2025, till July 2025, 1 acquisition happened in Artificial Intelligence companies in Norway. Last year, in 2024, a total of 1 acquisition happened in Artificial Intelligence companies in Norway.
Here are some recent, important acquisitions in Artificial Intelligence companies in Norway:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 15, 2025 | ||
Business Acquisition | Mar 20, 2024 | ||
Business Acquisition | Nov 17, 2020 | ||
Business Acquisition | Jul 29, 2019 |
Acquisition trends in Artificial Intelligence companies in Norway
Here are the acquisition trends in Artificial Intelligence companies in Norway:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 1 |
2023 | - |
2022 | - |
2021 | - |
2020 | 1 |
2019 | 1 |
2018 | - |
2017 | - |
Colleges which produce the most Artificial Intelligence companies in Norway
Companies founded by alumni from top colleges in Artificial Intelligence companies in Norway
Most number of Artificial Intelligence startups in Norway have been founded by alumni from Aalto University, King’s College London and University College London.
College | No. of companies |
|---|---|
Aalto University | 1 |
King’s College London | 1 |
University College London | 1 |
Total funding in Artificial Intelligence companies founded by alumni from top colleges in Norway
In the last 10 years, graduates from Aalto University have raised the most funding for Artificial Intelligence companies in Norway, compared to alumni from other top colleges. University College London alumni are second, and King’s College London alumni are third.
College | Total Funding |
|---|---|
Aalto University | $24.2M |
University College London | $9.83M |
King’s College London | $4.19M |
Top News in Artificial Intelligence companies in Norway
•
Boost.ai And Ciklum Partner To Expand Enterprise Access To Conversational AiPR Newswire•May 20, 2025•boost.ai, Ciklum
•
•
Perplexity holds a partnership with Vespa.ai to use the search function internallyBusiness Wire•Apr 16, 2025•Perplexity, Vespa
•
Vespa.ai launches partner program to accelerate customer success with artificial intelligenceBusiness Wire•Mar 12, 2025•Vespa
•
Vespa.ai launches partner program to speed up customer success with AIBusiness Wire•Mar 12, 2025•Vespa
•
•
•
Vespa.ai announces significant performance improvements over Elasticsearch in new benchmarkBusiness Wire•Jan 16, 2025•Vespa
•
GigaOm Sonar for vector databases positions Vespa as a leader and forerunner for the second year in a rowBusiness Wire•Dec 20, 2024•Vespa, Gigaom
•
