Norway, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Norway economy and the rise of disruptive technologies, these 5 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Norway’s unicorn companies!
List of 5 Unicorns in Norway
1. Cognite
Provides industrial software solutions for heavy-asset industries, such as oil and gas, utilities, and shipping, with a focus on machine learning and AI technology.
Company Details:
- Valuation: $1.50B
- Investors Name: Technology Crossover Ventures, Accel, Aker
- City: Lysaker
- Industry: Data management & analytics
- Total Funding Raised: $346.8M
- Founded Year: 2016
- Joined Unicorn Club: 5/19/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.cognite.com/
2. Oda
A technology company that provides AI-powered solutions to the healthcare industry, including drug discovery, clinical trials, and personalized medicine.
Company Details:
- Valuation: $1.20B
- Investors Name: Kinnevik, Softbank Group, Prosus Ventures
- City: Oslo
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $201.96M
- Founded Year: 2013
- Joined Unicorn Club: 6/2/2021
- Total Investors:
- Total Deal Terms: 6
- Website: https://oda.health/
3. Remarkable
Develops and sells digital paper tablets and styluses, allowing users to take notes, read and annotate documents, and draw diagrams.
Company Details:
- Valuation: $1.00 B
- Investors Name: Spark Capital
- City: Oslo
- Industry: Internet software & services
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 5/10/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://remarkable.com/
4. Dune Analytics
Offers a web-based platform for exploring, visualizing, and sharing blockchain data, allowing users to create and share custom dashboards and charts.
Company Details:
- Valuation: $1B
- Investors Name: Multicoin Capital, Coatue Management, Dragonfly Capital Partners
- City: Oslo
- Industry: Data management & analytics
- Total Funding Raised: $79.42M
- Founded Year: 2018
- Joined Unicorn Club: 2/2/2022
- Total Investors:
- Total Deal Terms: 1
- Website: https://duneanalytics.com/
5. Gelato
A cloud-based platform that enables businesses to automate and manage their global print and logistics operations.
Company Details:
- Valuation: $1B
- Investors Name: Greylock Partners, Google Ventures, BlackRock
- City: Oslo
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $293.61M
- Founded Year: 2007
- Joined Unicorn Club: 8/16/2021
- Total Investors:
- Total Deal Terms: 4
- Website: https://www.gelato.com/
Conclusion
In conclusion, Norway’s top 5 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.