{"id":622279,"date":"2024-05-29T12:44:09","date_gmt":"2024-05-29T09:44:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/4-oslo-startups-to-watch\/"},"modified":"2024-05-29T12:44:09","modified_gmt":"2024-05-29T09:44:09","slug":"4-oslo-startups-to-watch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/4-oslo-startups-to-watch\/","title":{"rendered":"#4 Oslo startups to watch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2eb6c1f3abc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2eb6c1f3abc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/4-oslo-startups-to-watch\/#Strise\" >Strise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/4-oslo-startups-to-watch\/#Databutton\" >Databutton<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/4-oslo-startups-to-watch\/#Zerolytics\" >Zerolytics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/4-oslo-startups-to-watch\/#Otovo\" >Otovo<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n                            The startup scene in the Nordics is bustling, driven by well-established and evolving hubs alike. Among the region\u2019s growing tech forces is Oslo, which analysts have ranked <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/startupgenome.com\/article\/emerging-ecosystems-ranking\">17th<\/a> in the top 100 emerging ecosystems in the world.<\/p>\n<p>Norway\u2019s capital city houses over <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/oslobusinessregion.no\/statistics\">2,000<\/a> startups and scaleups, with particular strengths in ICT, healthtech and life <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>s, energy, and fintech.<\/p>\n<p>Oslo is also home to seven unicorns, including popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>-based learning platform Kahoot!, paper tablet developer reMarkable, and industrial SaaS startup Cognite.<\/p>\n<p>While the city\u2019s startups saw VC funding decrease to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/oslobusinessregion.no\/uploads\/images\/Startups-and-scaleups-in-the-Oslo-region-2023-1.pdf\">\u20ac862mn<\/a> in 2023 (from \u20ac1.3bn in 2022), Oslo remained among the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dealroom.co\/guides\/europe?_ga=2.116786181.2048748832.1716795933-2120596734.1715948108\">top 15<\/a> European cities for venture capital investment in the first quarter of 2024. It raised a total of $236mn \u2014 a 35% increase compared to the same period last year.<\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The &lt;3 of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>To get a closer look at Oslo\u2019s startups, TNW took a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> to the Scandinavian city. We\u2019re zooming in on four companies you should know about:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strise\"><\/span>Strise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Strise joined the fight against financial crime in 2019 by launching its anti-money laundering (AML) automation software. Since then, it has become a key player in the Nordics, with 70% of the region\u2019s top-tier banks, including Nordea and Danske Bank, using its services.<\/p>\n<p>The startup was founded by Marit R\u00f8devand, Sigve S\u00f8r\u00e5sen, and Patrick Skjennum.<\/p>\n<p>The trio had their Eureka moment during a research project on data models at Norway\u2019s NTNU university. Although they had no previous experience in banking, they recognised that their AI software could track funds flowing through the sector.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407059 js-lazy\" alt=\"Strise founders \" width=\"280\" height=\"419\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.19.18.png\"\/><figcaption>From left to right: Sigve S\u00f8r\u00e5sen, co-founder and CPO, Marit R\u00f8devand, co-founder and CEO, and Patrick Skjennum, co-founder and CTO. Credit: Strise<\/figcaption><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407059\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.19.18.png\" alt=\"Strise founders \" width=\"280\" height=\"419\" srcset=\"\"\/><\/figure>\n<p>\u201cTwelve years ago, the HSBC $881mn money laundering <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/idUSKBN1E50Y9\/\">scandal<\/a> with the Mexican cartels put AML under everyone\u2019s radar and increased regulations,\u201d R\u00f8devand tells TNW. \u201cBut banks\u2019 risk assessment processes are still heavily manual, which means they\u2019re time-consuming and prone to errors.\u201d<\/p>\n<p>To address this, Strise has developed an end-to-end AML automation cloud. The startup combines advanced graph models, GenAI, and Natural Language Processing (NLP) to collect, analyse, and validate real-time customer data. This includes both onboarding and ongoing monitoring checks, such as due diligence (DD), KYC (know your customer), and KYB (know your business) checks.<\/p>\n<p>Strise also provides customisable solutions and a number of different APIs. \u201cOur <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach is covering both the need for data and for automated, more efficient workflows,\u201d R\u00f8devand says.<\/p>\n<p>According to the startup, its clients claim 90% faster due diligence and software cost reductions of up to 30%.<\/p>\n<p>Strise has raised <strong>\u20ac<\/strong>15.5mn in funding and is now expanding to the UK. In time, it plans to enter more European markets and the US. \u201cOur long-term vision is to help eradicate financial crime,\u201d R\u00f8devand says. \u201cIn the future, we aim to build AI solutions for more related verticals.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Databutton\"><\/span>Databutton<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Riding the no-code movement but with a twist, Databutton has developed a GenAI web app developer.<\/p>\n<p>Founded in 2021 by Gognite alumni Trygve Karper, Martin R\u00f8ed, and Viral Shah, Databutton enables anyone to quickly build an application by chatting with an AI interface \u2014 without requiring programming skills.<\/p>\n<p>Using the ChatGPT-4 API, the startup provides three AI agents: one helps build the backend of the app, another provides the user interface (UI), and a third simulates discussions about the overall idea.<\/p>\n<p>According to Shah, who\u2019s also serving as the company\u2019s CPO, the collaborative process is entirely conversational.<\/p>\n<p>\u201cAs a user, you have a lot to contribute. You understand your domain, you understand the business that you work in, you understand the data that you\u2019re using in the app,\u201d he tells TNW. \u201cThese are things that the model doesn\u2019t understand.\u201d<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407064 size-featured_img js-lazy\" alt=\"Founders of Databutton\" width=\"796\" height=\"615\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.30.39-796x615.png\"\/><figcaption>From left to right: Martin R\u00f8ed, co-founder and CTO, Viral Shah, co-founder and CPO, and Trygve Karper, co-founder and CEO. Credit: Alex Asensi\/Databutton<\/figcaption><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407064 size-featured_img\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.30.39-796x615.png\" alt=\"Founders of Databutton\" width=\"796\" height=\"615\" srcset=\"\"\/><\/figure>\n<p>Compared to typical no-code tools, Databutton claims increased flexibility.<\/p>\n<p>\u201cNo-code platforms have a limited set of building blocks for the backend. The same goes for UI integrations,\u201d Shah says. He explains that the startup\u2019s GenAI features generate code through conversation, which enables users to use any API or integrate any database. \u201cThat\u2019s because what you generate is Python code.\u201d<\/p>\n<p>This also means that it\u2019s possible to use existing libraries in Python or in React for UI components.<\/p>\n<p>Databutton mainly targets professionals in roles adjacent to developers, such as product managers, UX designers, and technical customer success specialists. This is also the market where it\u2019s seeing the biggest demand for its product.<\/p>\n<p>The startup counts over 5,000 users across the globe, while its platform\u2019s use cases span from healthcare and education to fintech and e-commerce. It has raised \u20ac4.6mn in funding to date.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Zerolytics\"><\/span>Zerolytics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amidst a global push (and need) for carbon neutrality, Zerolytics is developing a data-driven platform that assesses the credibility of companies\u2019 net-zero targets.<\/p>\n<p>With this tool, the startup aims to help asset managers identify net-zero investments that can also deliver competitive financial returns.<\/p>\n<p>For asset managers, navigating the intersection of climate action and profit can be \u201ca tricky balance,\u201d says Zerolytics CPO and co-founder Atle Christiansen. \u201cWe believe that it doesn\u2019t have to be.\u201d<\/p>\n<p>The startup\u2019s platform measures the green transition readiness and progress of companies by calculating the gap between projected tracks for net zero and stated reduction targets. It also quantifies the financial implications of achieving carbon neutrality through different courses of action.<\/p>\n<p>According to Christiansen, these insights are key for the decision-making process of asset managers. \u201cExisting tools are too simplistic, essentially analysing historical emissions and performing trend forecasts,\u201d he tells TNW.<\/p>\n<p>\u201cWe need more advanced tools that connect historical emissions with what companies are actually doing, taking into account that the net-zero transition isn\u2019t linear but depends on the interplay of multiple factors.\u201d<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407062 js-lazy\" alt=\"founders of Zelolytics \" width=\"356\" height=\"477\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.25.18.png\"\/><figcaption>From left to right: Per-Otto Wold, co-founder and CEO, and Atle Christiansen, co-founder and CPO. Credit: Zerolytics<\/figcaption><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407062\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.25.18.png\" alt=\"founders of Zelolytics \" width=\"356\" height=\"477\" srcset=\"\"\/><\/figure>\n<p>To analyse and forecast the interaction of intertwined factors, Zerolytics uses <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/systemdynamics.org\/what-is-system-dynamics\/\">system dynamics<\/a> modelling. The startup has also developed financial digital twins to enable users to simulate different net-zero pathways and evaluate the financial impact of changes in key parameters.<\/p>\n<p>The startup\u2019s tools currently target <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.climateaction100.org\/whos-involved\/companies\/page\/6\/\">Climate Action 100+<\/a> focus companies, which represent the world\u2019s biggest greenhouse gas emitters. The list includes the likes of Shell and BP. In time, Zerolytics will expand its model according to its clients\u2019 needs.<\/p>\n<p>Zerolytics was founded in 2022 by Christiansen, Per-Otto Wold, Bent Erik Bakken, Vegard Egeland, and Morten Hofgaard J\u00f8rstad.<\/p>\n<p>The startup has already soft-launched its platform to a number of selected asset managers for feedback. It plans to fully launch later this year. In its latest funding round in 2023, Zerolytics raised \u20ac3.5mn.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Otovo\"><\/span>Otovo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Founded in 2016 by Andreas Thorsheim and Simen Fure J\u00f8rgensen, Otovo\u2019s mission is to support Europe\u2019s transition to residential solar power.<\/p>\n<p>The startup provides an online marketplace that connects a network of local, vetted installers with consumers who wish to install solar panels on their roofs. \u201cThink of it as an Airbnb or Uber for solar,\u201d Thorsheim tells TNW.<\/p>\n<p>The concept was born when the founding duo realised that the continuously decreasing price of solar panels meant that the switch to solar was more of a \u201clast-mile delivery problem,\u201d Thorsheim says.<\/p>\n<p>Among the growing number of startups seeking to make solar panel installation as easy as any online purchase, Otovo stands out with its proprietary <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>The startup uses machine learning to analyse satellite and mapping information for any given house. It calculates the house\u2019s shape and determines the amount of panels that fit on the roof. \u201cWe call it \u2018the Tetris operation\u2019,\u201d Thorsheim says.<\/p>\n<p>The software then presents different solar panel options (in number, size, and type) and matches house owners with the most competitive offers from local installers. Otovo manages the entire process from selection and installation to maintenance. Consumers can pay upfront for the service or opt for a monthly subscription.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407063 size-featured_img js-lazy\" alt=\"Otovo founder \" width=\"796\" height=\"540\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.28.49-796x540.png\"\/><figcaption>Andreas Thorsheim, Otovo\u2019s founder and CEO. Credit: Otovo<\/figcaption><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1407063 size-featured_img\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/05\/Screenshot-2024-05-29-at-11.28.49-796x540.png\" alt=\"Otovo founder \" width=\"796\" height=\"540\" srcset=\"\"\/><\/figure>\n<p>According to Thorsheim, it took Otovo two years to convince installers in Norway to sign up on the platform. Now, the startup counts 980 installer companies across 13 markets, including the UK, the Netherlands, Spain, and Italy. It has completed over 25,000 installation projects.<\/p>\n<p>In 2021, Otovo added battery systems to its offerings to enable storage of surplus solar energy for later use.<\/p>\n<p>The same year, the startup went public after listing on the Euronext Growth stock exchange. To date, it has raised \u20ac150mn in equity and \u20ac100mn in debt.<\/p>\n<p>When it comes to climate tech, Norway works as a \u201cfuture lab\u201d for what Europe is going to look like in the next three to five years, Thorsheim says.<\/p>\n<p>\u201cThat\u2019s great for the startup ecosystem here. We get to test what the future can be in a smaller environment.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/4-oslo-startups-to-watch\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup scene in the Nordics is bustling, driven by well-established and evolving hubs alike. Among the region\u2019s growing tech forces is Oslo, which analysts have ranked 17th in the top 100 emerging ecosystems in the world. Norway\u2019s capital city houses over 2,000 startups and scaleups, with particular strengths in ICT, healthtech and life sciences,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":622280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280%2C640&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F05%2FUntitled-design-72.jpg&signature=0fee3fb0be610cfa070bfa898888f049","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-622279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/622279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=622279"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/622279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/622280"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=622279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=622279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=622279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}