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Nornir

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Proven unique AI driven smart city infrastructure innovation

Oslo, NorwayFounded 2013AI
Valuation $100–250M Last recorded · 2021
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nornir and the history behind them.

About Nornir

Nornir, headquartered in Oslo, Norway, is at the forefront of integrating Artificial Intelligence and the Internet of Things to revolutionize urban living. Through its proprietary HIVE Collective platform, Nornir offers a decentralized, machine learning-driven network that seamlessly connects diverse IoT devices and systems. This innovation enables real-time data sharing and automation across various platforms without the need for complex integrations or specialized coding.

The company's services cater to a broad spectrum of clients, including municipalities aiming to unify disparate systems, industrial players seeking cost-effective IoT solutions, and academic institutions requiring robust prototyping tools. Nornir's offerings, such as AI-powered automation, face recognition, and voice control, enhance operational efficiency, security, and accessibility. Additionally, their EkoControl system optimizes building energy consumption by remotely managing equipment through advanced sensor and actuator technologies.

Nornir's commitment to sustainability and innovation has garnered recognition, including a Seal of Excellence from the EU's Horizon 2020 SME program. With a focus on empowering intelligent cities, Nornir continues to develop cutting-edge solutions that address the evolving needs of urban environments, positioning itself as a key player in the smart city and IoT landscape.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
Oslo, Norway
Employees
7
Open positions
None listed
Dealroom signal
65.0/100
Industry
Enterprise Software
Sector
AI, Infrastructure, Infrastructure as a Service, Core AI, Smart Cities, Urban Tech, Horizon Europe
Technology
Artificial Intelligence, IoT InternetOfThings
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Nov 2022
Capital deployed
—
Preferred round
ACQUISITION

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Dec 2021 $33M $132M Global Emerging Markets ↗
GRANT✓Other financing Dec 2018 $55K — European Innovation Council —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Nornir website traffic

Latest recorded traffic for Nornir is 0 monthly website visits. Nornir's team declined 41.7% over the past year.

Latest monthly visits0 1-year team growth-41.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series B and later1 investor entered at this stage

  • Global Emerging Markets
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇳🇴 Norway · Oslo HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nornir on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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