Best Internet of Things - Industry Applications Companies in Norway
The 101 best Internet of Things - Industry Applications companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Cognite.
Ranked by disclosed equity funding and recent momentum, the 101 Internet of Things - Industry Applications companies in Norway tracked here represent a sector that's quietly generating serious capital conviction. Total disclosed funding across the directory sits at $511 million, and one unicorn has already emerged from that pool. Cognite leads by a wide margin with $225 million raised. Heimdall Power has pulled in $29 million. Those two figures alone tell you where the structural bets are landing: industrial data infrastructure and grid intelligence, not consumer gadgetry.
So what does the rest of the field look like? Thinner on funding, but not on activity. ONiO, Nofence, Economic Mind, and Glucoset collectively account for a fraction of Cognite's haul, which is honestly the most clarifying number in the dataset. The most active backers, Europa, EIC Fund, StartupLab, Aleap, and Investinor, suggest an investor base that skews toward early conviction rather than late-stage validation. Hot themes across the sector are shifting toward ai hardware and audio rendering engines, signals that the application layer is getting technically denser. If you're mapping Norway's industrial IoT ecosystem by money actually committed, this directory gives you the clearest starting point available.
Our analysis of 184 Internet of Things - Industry Applications companies
$13.9b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things - Industry Applications companies in Norway
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Stage | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Cognite 🦄 Provider of industrial artificial intelligence and data management platform solutions | $225M | 52 mo ago | 623 | Geir Engdahl Co-Founder & CTO | SanityTurbopackNode.js+35 | Acquired | — | — |
| 2 | MIRIS Developer of sustainable real estate development solutions | $124M | 71 mo ago | — | Jan-Gunnar Mathisen Founder & CEO | — | Funding Raised | — | — |
| 3 | Heimdall Power Provider of real-time dynamic line rating and grid monitoring solutions | $29M | 23 mo ago | 20 | Jorgen Festervoll CEO | WordPressMySQLRedis+36 | Series B | 19 patents Installation and monitoring of overhead power line equipment and grid control systems. | 2 partnerships |
| 4 | XeThru Non contact sensors for monitoring breathing and detect presence | $27M | 88 mo ago | 50 | Jan-Bjornar Lund CEO | — | Series B | — | — |
| 5 | TriEye Internet-first brand offering multi-sports eyewear | $20M | 84 mo ago | 1 | Carsten Fongen Chief Executive Officer | Cart FunctionalityShopifyApple iCloud Mail+28 | Series A | 2 patents Dual-direction eyeglass lenses enabling simultaneous forward and rearward vision | — |
| 6 | ONiO Developer of wireless microcontrollers designed for energy harvesting and battery operation | $11M | 12 mo ago | 10 | — | SanityNode.jsTailwind CSS+15 | Series A | 66 patents Wireless low‑power biomedical sensor platforms using backscatter and integrated transceiver technology. | 1 job opening |
| 7 | Greenbird Open source middle ware for integration of data from various devices | $11M | 64 mo ago | 43 | — | — | Acquired | — | — |
| 8 | Airthings Provider of smart indoor air quality and radon monitoring devices with mobile app integration for home and… | $10M | 86 mo ago | 105 105 → 78 (-26%) | — | MagentoCart FunctionalityHyva Themes+41 | Series A | 12 patents Indoor air quality monitoring: radon/gas sensors and building envelope leak detection. | 2 partnerships |
| 9 | Glucoset Indwelling intravascular continuous blood glucose monitoring device | $7M | 35 mo ago | 19 19 → 16 (-16%) | — | Squarespace CommerceSquarespaceVimeo+12 | Acquired | 3 patents Boronic‑acid polymer glucose sensors integrated with optical‑fiber detection. | — |
| 10 | Disruptive Technologies Provides wireless network solutions for IOT Devices connectivity | $6M | 115 mo ago | 70 | Andreas Koller Co-Founder | WebflowGSAPAtlassian Statuspage+24 | Series A | — | — |
| 11 | Aptomar Integrated Field Monitoring sensors, systems and services for the oil and gas industry | $6M | 146 mo ago | 9 | — | — | Acquired | 11 patents Integrated marine search and detection systems combining sonar and visual searchlights | — |
| 12 | Voca Develops machine vision solutions for lifting and loading operations | $5M | 85 mo ago | 17 | Torbjorn Engedal Founder & Managing Director | — | Funding Raised | 8 patents Patents concentrated in electrical & electronics | — |
| 13 | Defigo Provider of an IoT-enabled access control system for commercial buildings | $4M | 53 mo ago | 13 13 → 24 (+85%) | Joachim Stray Co-Founder & Group CEO | WebflowVimeoTypekit+22 | Seed | — | — |
| 14 | Nofence Virtual fencing for livestock, enabling efficient and sustainable grazing management | $3M | 11 mo ago | 23 | Oscar Hovde Founder & CTO | HubSpot CMS HubBootstrapPlyr+25 | Series B | 6 patents Virtual GPS-based livestock fencing and remote animal containment systems | 2 job openings |
| 15 | Economic Mind Marketing intelligence platform for businesses | $3M | 20 mo ago | — | Jens Dahlum Co-Founder & Head Of Product | — | Seed | — | — |
| 16 | Mode Sensors Developer of wearable medical devices for continuous, non-invasive fluid monitoring | $3M | 39 mo ago | 11 11 → 14 (+27%) | Gøran Van Den Burgt Co-founder & CFO | WixSentryBootstrap+13 | Funding Raised | 6 patents Non‑invasive tissue fluid and hydration monitoring using posture‑compensated sensors | — |
| 17 | Nortech End-to-end IoT solutions for for industrial asset monitoring | $3M | 31 mo ago | 1 | Francisco Roque Co-Founder & CEO | WordPressApple iCloud MailGoogle Workspace+20 | Seed | — | — |
| 18 | Picterus Mobile application to monitor jaundice in newborns. | $2M | 51 mo ago | 7 | Lise Lyngsnes Randeberg Co-Founder | WordPressMySQLPHP+24 | Funding Raised | 12 patents Non‑invasive neonatal bilirubin monitoring, haematoma age assessment, and breastfeeding support devices | — |
| 19 | Airtight Sensor based solution for detailed analysis of energy waste for individual buildings | $2M | 94 mo ago | 5 | Bjørnar Lie Co-Founder & CTO | — | Acqui-Hired | 3 patents Detecting building envelope air leaks and automating ventilation control systems. | — |
| 20 | Imerso Provider of a cloud-based construction monitoring platform | $2M | 53 mo ago | 12 12 → 13 (+8%) | Sarah Muller Co-Founder and COO | HubSpot CMS HubSplidecore-js+18 | Series A | — | — |
| 21 | Viva Smart Home Provider of AI-enabled home automation & security solutions | $2M | 113 mo ago | 8 | — | — | Deadpooled | — | — |
| 22 | Zimmer and Peacock Provider of biosensors and sensor development and manufacturing services | $1M | 85 mo ago | 31 31 → 25 (-19%) | — | WordPressMySQLPHP+10 | Funding Raised | — | 1 launch |
| 23 | FutureOn Provider of a cloud-based digital twin software solution for oilfield asset management | $1M | 68 mo ago | 13 | — | Craft CMSApple iCloud MailMicrosoft 365+23 | Acquired | — | 2 partnerships |
| 24 | FourC Provides a cloud-based platform and solutions to connect and manage IOT/M2M Devices | $1M | 91 mo ago | 17 | Tor Rune Skoglund CEO | — | Funding Raised | 7 patents Real-time passenger flow monitoring and analytics for transportation hubs | — |
| 25 | Parqio Provider of cloud-based garage door access control systems | $1M | 52 mo ago | 10 | Ketil Hoigaard CEO & Co-founder Parqio | Webflow EcommerceWebflowcore-js+21 | Seed | — | 1 partnership |
| 26 | eDrilling Developer of 3D simulation-based well-drilling simulator software | $1M | 43 mo ago | 23 | Toni Fadnes CEO | — | Funding Raised | — | — |
| 27 | Ludenso Provider of an AR based platform to learn 3D modelling | $1M | 44 mo ago | 7 | Harald Manheim CPO & Co-founder | Node.jsFirebaseTailwind CSS+11 | Seed | — | — |
| 28 | Spiro Medical Developer of smart ApneaGraph devices for sleep monitoring | $500K | 32 mo ago | — | Magne Tvinnereim CEO | — | Seed | 9 patents Invasive physiological monitoring: temperature/pressure catheters and respiratory effort sensors | — |
| 29 | ODI Medical Developer of technology to assess microcirculation | $114K | 83 mo ago | 5 | Knut Kvernebo Founder | — | Funding Raised | 15 patents Non‑invasive microcirculation and oxygen saturation monitoring devices and capillary analysis probes. | — |
| 30 | StalkIT Manufacturer of GNSS-based positioning systems for enterprises | $110K | 74 mo ago | 4 | Marcos Texido CEO | — | Deadpooled | — | — |
Top 12 Internet of Things - Industry Applications companies in Norway
#1
Series A · Oslo, Oslo · founded 2016 · 10 employees$11.4Mraised▾
Developer of wireless microcontrollers designed for energy harvesting and battery operation. These microcontrollers offer power flexibility for various applications. The microcontrollers can be used in medical sensors, smart textiles, and smart buildings. They integrate radio, memory, and power management into a single package.
- Jun 2025Series A$5.7M
- Jan 2021Grant (prize money)$131.8K
- Nov 2020Grant (prize money)$2.5M
- 2020Grant (prize money)$3.1M
#2
Series B · Batnfjordsora, More og Romsdal · founded 2011 · 23 employees$3.4Mraised▾
Virtual fencing for livestock, enabling efficient and sustainable grazing management. This innovative company provides a GPS-based virtual fencing system for livestock, promoting animal welfare and efficient grazing. The system comprises a solar-powered GPS collar, a user-friendly mobile app, and satellite data for precise boundary management. Farmers can easily define and adjust grazing areas, track animal movements, and optimize land use without physical fences. This technology supports natural animal behavior, reduces labor, and enhances pasture management. The company offers solutions for various livestock types and terrains. It is a tech company, offering a SaaS based subscription model. The company is focused on social impact by promoting sustainable agriculture.
- Jul 2025Series B$35.2M
- Dec 2020Series A$3.4M
#3
Series B · Bergen, Vestland · founded 2015 · 20 employees$28.6Mraised▾
Provider of real-time dynamic line rating and grid monitoring solutions. The company offers technology to unlock capacity and meet growing demand on power grids. It provides tools for mitigating outages with forecasting and flexibility. The company’s technology detects environmental conditions to protect and reinforce grid assets. It also offers solutions to simplify compliance within transmission and distribution operations.
- Jul 2024Series B$25M
- Oct 2019Series A$3.6M
- Apr 2018Seed—
- Aug 2017Seed—
#4
Seed · Oslo, Oslo · founded 2024$2.8Mraised▾
Marketing intelligence platform for businesses. It enables users to access valuable insights and make informed decisions. It offers insights and resources related to market trends, consumer behavior, and strategic marketing practices. It provides insights into competitors strengths, weaknesses, and market strategies.
- Oct 2024Seed$2.8M
#5
Cognite 🦄Acquired · Lysaker, Akershus · founded 2016 · 623 employees$225Mraised▾
Provider of industrial artificial intelligence and data management platform solutions. The platform unifies and contextualizes industrial data, enabling users to automate complex operations. It offers tools for data onboarding, exploration, and pre-built applications for various workflows. The platform is designed to scale digital transformation across different assets and sites. It empowers teams to enrich operations with trustworthy data.
- Feb 2022Series B—
- May 2021Series B$150M
- Oct 2020Series A$75M
#6
Acquired · Trondheim, Trondelag · founded 2013 · 19 employees$6.6Mraised▾
Indwelling intravascular continuous blood glucose monitoring device. The GlucoSet intravascular sensor delivers continuous and accurate information on patient's blood glucose level, enabling normalization of glucose levels, without the risk of sudden and dangerously low glucose levels. By accessing through an indwelling arterial catheter without disrupting that catheter's current use, the GlucoSet sensor requires no new catheters and displaces no other equipment. The company claims that unlike competing solutions, the sensor also tolerates patient movement very well. The company also claims that with a sensor cross sectional area under 5% of the smallest competing product, GlucoSet is the first sensor able to access through arterial catheters without risk.
- Jul 2023Series A$6.5M
- Jul 2023Grant (prize money)$3.7M
- Nov 2020Grant (prize money)$59.8K
- Oct 2018Grant (prize money)$2.8M
#7
Funding Raised · Oslo, Oslo · founded 2016$123.9Mraised▾
Developer of sustainable real estate development solutions. It focuses on environmentally friendly and socially responsible building practices. This includes implementing energy-efficient technologies, using sustainable materials, and creating inclusive living spaces. The company aims to minimize environmental impact while maximizing economic viability and social benefits. Its approach considers economic, environmental, and social factors to ensure long-term sustainability and well-being. The developer integrates innovative technologies and designs to create buildings and urban spaces that are environmentally sound, economically viable, and socially inclusive.
- Jul 2020Conventional Debt$112.8M
- Oct 2019Conventional Debt$11.1M
#8
Seed · Bergen, Vestland · founded 2021 · 1 employees$2.6Mraised▾
End-to-end IoT solutions for for industrial asset monitoring. It designs and develops an AI-integrated engines that helps to install and connect the existing data and sensors of industrial assets. It helps with the monitoring of equipment, facilities and logistics and enables decision making.
- Oct 2023Seed$2.6M
#9
Funding Raised · Trondheim, Trondelag · founded 2016 · 11 employees$2.7Mraised▾
Developer of wearable medical devices for continuous, non-invasive fluid monitoring. The company provides devices that offer trend analysis and real-time overview of fluid status. These devices are designed for integration with remote patient monitoring systems. The company's technology tracks health metrics including body temperature, physical activity, body orientation and sleep.
- Feb 2023Grant (prize money)$52.9K
- Mar 2021Grant (prize money)$2.7M
#10
Acquired · Oslo, Oslo · founded 2010 · 43 employees$10.8Mraised▾
Greenbird Integration Technology provides Metercloud, a hybrid cloud platform for big data integration applications empowering the smart grid, smart city, and the industrial IoT. It is targeting enterprise customers such as utilities, municipalities or process-oriented industries that utilize a network of connected things to gain operational excellence, process intelligence, and resource efficiency. It provides the pipelines and integration engine to transport data, refine it, distribute it and monetize it.
- Jan 2021Grant (prize money)$60.7K
- Sep 2020Series B$5.8M
- Feb 2019Grant (prize money)$2.3M
- Dec 2018Grant (prize money)$2.2M
#11
Series B · Oslo, Oslo · founded 2004 · 50 employees$27Mraised▾
Xethru, part of Novelda is an advanced sensor technology for detecting the presence and monitor breathing without any contact. Novelda is a developer and manufacturer of adaptive smart sensors. XeThru technology uses radio waves, rather than infrared, ultrasound or light, allowing these modules to see through a variety of objects including lightweight building materials, duvets, and blankets to provide non-contact sensing at a range of up to several meters. Companies X2 Soc is used in all the modules for implementing high accuracy, high resolution sensing systems with low power consumption.
- Feb 2019Series B$15M
- Dec 2014Series B$12M
#12
Series A · Svelvik, Viken · founded 2011 · 1 employees$20Mraised▾
Trieye is an internet-first brand offering multi-sports eyewear. The company specializes in designing eyewear which is equipped with a patented integrated mirror that allows users to check onto the traffic behind. It is also equipped with air vents to increase the airflow behind the lens and rubberized nose pads. Caters to both men & women engaged in biking, running, rowing, and others.
- May 2019Series A$17M
- Nov 2017Seed$3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things - Industry Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.