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Quanscient is a developer of multiphysics simulation software that leverages cloud and quantum computing technologies to enhance simulation capabilities. Its innovative Computer Aided Engineering (CAE) platform combines advanced cloud-native multiphysics solvers and future quantum integration, allowing for a significant increase in simulation throughput. This technology enables engineers to conduct fully digital research and development processes, effectively addressing complex challenges across various industries, including fusion energy, advanced semiconductors, biomedical, automotive, and aerospace. By facilitating rapid and sustainable hardware development through digital prototypes and simulations, Quanscient aims to revolutionize the way complex simulations are performed, ultimately improving efficiency and outcomes in engineering projects.

Porcelain Fortress, founded in the summer of 2016 in Reykjavik, Iceland, is a video game development company dedicated to creating simple, fun, and well-polished games for the PC market. The company focuses on delivering high-quality gaming experiences that allow players to enjoy their favorite games conveniently and without complications. Through its commitment to innovation and quality, Porcelain Fortress aims to engage a diverse audience of gamers while fostering a passion for entertaining and accessible gameplay.

Tiimo is a developer of a visual planning application tailored for individuals with neurodiversity, particularly those with ADHD and Autism. The app emphasizes accessibility and inclusion, allowing users to customize their planning experience according to their unique needs. Tiimo's features include the ability to create and repeat future activities, add checklists, and set reminders, all supported by a smart scheduler. This design aims to provide structure and visual support, helping users organize their lives, adhere to routines, and pursue personal goals in a visually engaging and motivating manner.

Social First is a game development studio specializing in cross-platform social sandbox massively multiplayer online (MMO) games. The company leverages extensive industry experience to create engaging titles that foster social connections and player-driven economies. Its current game, informed by years of data and learning, emphasizes user-generated content, digital asset trading, and social gameplay. With a validated growth strategy that allows for user acquisition independent of traditional advertising methods, Social First is positioned for significant scalability. The studio's pre-alpha testing in June 2023 demonstrated strong engagement and retention metrics, indicating a promising future for the company as it aims to establish itself as a leader in the gaming industry. The team is composed of veterans with a track record of successful titles, reflecting a deep understanding of the market and player preferences.

Prescriby is a developer of a digital treatment system aimed at addressing the opioid crisis by enhancing prescription safety and monitoring. The company's platform includes a treatment generator and a dashboard monitor designed to simplify complex health information. This technology enables clinics to deliver personalized, data-driven therapies and ensures safer monitoring for their patients. By focusing on individualized care, Prescriby seeks to improve outcomes and mitigate the risks associated with opioid prescriptions.

Scaleup Finance is a subscription-based financial management platform focused on assisting startup companies with their financial needs. The company provides a Chief Financial Officer as a service, offering a digital cockpit that enhances financial management and administration for small businesses. By streamlining financial operations, Scaleup Finance enables clients to maintain control over their finances, allowing them to focus on areas that contribute greater value to their business.

Saidot is an AI governance and alignment company focused on assisting enterprises in establishing safe AI-driven operations. It offers a software-as-a-service platform that enables both public and private organizations to implement systematic AI governance. This platform helps clients create registers of their AI systems, ensuring transparency, accountability, and explainability. By providing a robust governance methodology aligned with ethical standards and regulatory requirements, Saidot supports organizations in developing and deploying trustworthy artificial intelligence solutions.

Rocky Road is a developer focused on creating social games that promote player interaction and relationship building. The company's flagship product aims to be the first casual open-world mobile game utilizing real-world map data. This innovative approach allows players to navigate a familiar environment while engaging with others in a simple, accessible format. By emphasizing ease of use, Rocky Road provides a platform where gamers can socialize, meet new people, and foster long-lasting connections in an immersive gaming experience.

Ellie.ai is a Helsinki-based company that provides a product design and collaboration platform tailored for data teams. It assists businesses in understanding their needs and validating product ideas before investing in complex and expensive data pipelines. This helps ensure that data initiatives deliver tangible business value. The platform is used by leading enterprises across various sectors, including Healthcare, Telco, Energy, and IT, globally, from Canada to New Zealand.

SNERPA Power develops intelligent energy services.

Embla is a Copenhagen-based company founded in 2021 that specializes in online medical weight loss treatment. The company offers evidence-based solutions, combining prescription medications with personalized coaching and digital tools to support sustainable weight loss. Embla's platform includes a mobile application that provides expert-led diet and exercise programs, along with guidance on sleep and body movement, ensuring users receive comprehensive support throughout their weight management journey. By integrating these elements, Embla aims to facilitate effective and lasting weight loss for its patients.

Dreamdata is a developer of a go-to-market analytics and revenue attribution platform tailored for B2B marketers. The company addresses the challenges posed by fragmented and unreliable data, which often hinders effective decision-making in marketing and sales. By providing a fully automated data platform, Dreamdata ingests comprehensive go-to-market data and employs advanced algorithms to create a detailed model of the customer journey. This model facilitates various forms of analytical insights, including attribution and ROI analytics. Additionally, Dreamdata empowers marketers to take action by integrating with ad platforms and marketing automation systems, allowing for algorithmic audience targeting and contact selection. The platform ultimately aims to enhance revenue outcomes while significantly reducing go-to-market budgets, enabling businesses to scale existing initiatives and explore new strategies efficiently.

GreenBytes is a developer of a restaurant management tool aimed at optimizing food ordering and minimizing food waste. The company's platform leverages artificial intelligence to enhance food management processes. Key features include distributor collection, automated stock tracking, organized menu breakdowns, and AI-driven order suggestions. This technology allows restaurants to automatically update their inventory based on sales data, thereby improving efficiency and reducing waste. By providing these innovative solutions, GreenBytes supports restaurants in streamlining operations and promoting sustainability.

Tiimo is a developer of a visual planning application tailored for individuals with neurodiversity, particularly those with ADHD and Autism. The app emphasizes accessibility and inclusion, allowing users to customize their planning experience according to their unique needs. Tiimo's features include the ability to create and repeat future activities, add checklists, and set reminders, all supported by a smart scheduler. This design aims to provide structure and visual support, helping users organize their lives, adhere to routines, and pursue personal goals in a visually engaging and motivating manner.

Embla is a Copenhagen-based company founded in 2021 that specializes in online medical weight loss treatment. The company offers evidence-based solutions, combining prescription medications with personalized coaching and digital tools to support sustainable weight loss. Embla's platform includes a mobile application that provides expert-led diet and exercise programs, along with guidance on sleep and body movement, ensuring users receive comprehensive support throughout their weight management journey. By integrating these elements, Embla aims to facilitate effective and lasting weight loss for its patients.

Lucinity Holding ehf. is a Reykjavík-based company founded in 2018 that specializes in developing advanced software solutions for financial crime compliance, specifically focusing on anti-money laundering (AML) efforts. The company's flagship product, ClearLens, equips financial institutions with tools to detect suspicious behavior patterns, streamline case evaluations, and enhance the overall efficiency of their AML surveillance teams. By integrating augmented intelligence and generative AI, Lucinity aims to reduce review times, improve insights, and optimize operational processes. The platform empowers banks, fintech companies, and payment service providers to better navigate regulatory requirements and mitigate risks associated with money laundering activities. With an additional office located in New York City, Lucinity is recognized for its innovative approach and commitment to delivering exceptional user experiences in the financial compliance sector.

GemmaQ is a fintech company focused on promoting gender equality through investment opportunities. It has developed a gender data platform that visualizes the gender balance in leadership across large corporations. By rating organizations based on their gender diversity at the executive level, GemmaQ highlights the economic impact of women in the marketplace. The platform employs color-coded metrics to analyze the distribution of power within companies and provides real-time data regarding their gender diversity ratings and annual changes in corporate leadership. This innovative approach enables clients to make informed investment decisions that support gender diversity initiatives.

Garden is a development automation platform focused on enhancing the testing process for backend applications, particularly within cloud-native environments. By leveraging Kubernetes, Garden addresses the challenges developers face in managing workflows for distributed microservices applications. It provides an efficient solution for building, running tests, and troubleshooting in production-like settings. The platform enables developers to quickly create ephemeral testing and preview environments for integration tests, manual quality assurance, and ongoing development, facilitating rapid feedback and improving productivity. Additionally, Garden alleviates the burden on DevOps teams by minimizing the need for provisioning and managing ad hoc environments. The core of the platform is open source, allowing for broad accessibility, while an enterprise edition with additional support is also available.

Rocky Road is a developer focused on creating social games that promote player interaction and relationship building. The company's flagship product aims to be the first casual open-world mobile game utilizing real-world map data. This innovative approach allows players to navigate a familiar environment while engaging with others in a simple, accessible format. By emphasizing ease of use, Rocky Road provides a platform where gamers can socialize, meet new people, and foster long-lasting connections in an immersive gaming experience.

Mainframe Industries is a game development company founded in 2019, with headquarters in both Helsinki, Finland, and Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming, which enables cross-platform play across mobile devices, PCs, and televisions. By leveraging the expertise of teams with backgrounds in AAA, MMO, and mobile gaming, Mainframe aims to enhance the gaming experience through friction-free access from social networks and streaming platforms. This innovative approach is intended to broaden the creative possibilities for game developers and provide players with immersive gaming experiences.

Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

1939 Games is an indie game development studio located in Reykjavik, Iceland, dedicated to creating World War-themed gaming experiences. Founded in 2015 by former veterans of CCP, the studio is primarily focused on the development of KARDS, a digital collectible card game that incorporates elements from the card game genre while integrating classic World War II themes. This innovative approach aims to combine engaging gameplay with historical narratives, allowing players to experience significant events and role-play pivotal moments from history. Through its development, 1939 Games seeks to provide both entertainment and educational value in the realm of digital gaming.

Clutch is on a mission to build the future of sports with an AI-powered camera infrastructure that automates content creation and coaching.

Fractal 5 is a company founded in 2020 by Gudmundur Hafsteinsson, focused on developing a social media platform that integrates social networking with practical utility. The platform facilitates interaction and connection among users, allowing them to stay updated and engage effectively. By providing tools for both users and creators, Fractal 5 aims to enhance network growth and foster productive relationships within its community.

Katla is an eco-friendly fashion brand that specializes in on-demand manufacturing of sustainable clothing for women. The company offers a diverse range of apparel, including dresses, jumpsuits, skirts, and tops, all designed with an emphasis on environmental responsibility. By providing ethically sourced and animal-friendly options, Katla caters to consumers seeking stylish yet sustainable clothing solutions. The brand facilitates a convenient shopping experience, allowing customers to order online and receive their purchases directly at home.

Dreamdata is a developer of a go-to-market analytics and revenue attribution platform tailored for B2B marketers. The company addresses the challenges posed by fragmented and unreliable data, which often hinders effective decision-making in marketing and sales. By providing a fully automated data platform, Dreamdata ingests comprehensive go-to-market data and employs advanced algorithms to create a detailed model of the customer journey. This model facilitates various forms of analytical insights, including attribution and ROI analytics. Additionally, Dreamdata empowers marketers to take action by integrating with ad platforms and marketing automation systems, allowing for algorithmic audience targeting and contact selection. The platform ultimately aims to enhance revenue outcomes while significantly reducing go-to-market budgets, enabling businesses to scale existing initiatives and explore new strategies efficiently.

Garden is a development automation platform focused on enhancing the testing process for backend applications, particularly within cloud-native environments. By leveraging Kubernetes, Garden addresses the challenges developers face in managing workflows for distributed microservices applications. It provides an efficient solution for building, running tests, and troubleshooting in production-like settings. The platform enables developers to quickly create ephemeral testing and preview environments for integration tests, manual quality assurance, and ongoing development, facilitating rapid feedback and improving productivity. Additionally, Garden alleviates the burden on DevOps teams by minimizing the need for provisioning and managing ad hoc environments. The core of the platform is open source, allowing for broad accessibility, while an enterprise edition with additional support is also available.

Avo develops software aimed at enhancing the accuracy of product analytics by preventing human errors during implementation. The company's platform provides tools for defining event-based analytics and generating customized tracking libraries. These tools serve as a validation mechanism for developers, ensuring that analytics are correctly implemented according to design specifications. By functioning like a spell-checker for data quality and a type-checker for developers, Avo enables users to confidently track and analyze data while minimizing the risk of mistakes in their analytics processes.

Lucinity Holding ehf. is a Reykjavík-based company founded in 2018 that specializes in developing advanced software solutions for financial crime compliance, specifically focusing on anti-money laundering (AML) efforts. The company's flagship product, ClearLens, equips financial institutions with tools to detect suspicious behavior patterns, streamline case evaluations, and enhance the overall efficiency of their AML surveillance teams. By integrating augmented intelligence and generative AI, Lucinity aims to reduce review times, improve insights, and optimize operational processes. The platform empowers banks, fintech companies, and payment service providers to better navigate regulatory requirements and mitigate risks associated with money laundering activities. With an additional office located in New York City, Lucinity is recognized for its innovative approach and commitment to delivering exceptional user experiences in the financial compliance sector.

1939 Games is an indie game development studio located in Reykjavik, Iceland, dedicated to creating World War-themed gaming experiences. Founded in 2015 by former veterans of CCP, the studio is primarily focused on the development of KARDS, a digital collectible card game that incorporates elements from the card game genre while integrating classic World War II themes. This innovative approach aims to combine engaging gameplay with historical narratives, allowing players to experience significant events and role-play pivotal moments from history. Through its development, 1939 Games seeks to provide both entertainment and educational value in the realm of digital gaming.

Mainframe Industries is a game development company founded in 2019, with headquarters in both Helsinki, Finland, and Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming, which enables cross-platform play across mobile devices, PCs, and televisions. By leveraging the expertise of teams with backgrounds in AAA, MMO, and mobile gaming, Mainframe aims to enhance the gaming experience through friction-free access from social networks and streaming platforms. This innovative approach is intended to broaden the creative possibilities for game developers and provide players with immersive gaming experiences.

Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

Mainframe Industries is a game development company founded in 2019, with headquarters in both Helsinki, Finland, and Reykjavik, Iceland. The company specializes in creating an open-world, social sandbox MMO designed for cloud gaming, which enables cross-platform play across mobile devices, PCs, and televisions. By leveraging the expertise of teams with backgrounds in AAA, MMO, and mobile gaming, Mainframe aims to enhance the gaming experience through friction-free access from social networks and streaming platforms. This innovative approach is intended to broaden the creative possibilities for game developers and provide players with immersive gaming experiences.

Lucinity Holding ehf. is a Reykjavík-based company founded in 2018 that specializes in developing advanced software solutions for financial crime compliance, specifically focusing on anti-money laundering (AML) efforts. The company's flagship product, ClearLens, equips financial institutions with tools to detect suspicious behavior patterns, streamline case evaluations, and enhance the overall efficiency of their AML surveillance teams. By integrating augmented intelligence and generative AI, Lucinity aims to reduce review times, improve insights, and optimize operational processes. The platform empowers banks, fintech companies, and payment service providers to better navigate regulatory requirements and mitigate risks associated with money laundering activities. With an additional office located in New York City, Lucinity is recognized for its innovative approach and commitment to delivering exceptional user experiences in the financial compliance sector.

Kind is a developer of a secure cloud platform designed to enhance communication and knowledge sharing in the healthcare sector. The platform enables healthcare providers to broadcast messages to multiple contacts simultaneously, customize essential documents using templates, and create, archive, and share posts from a comprehensive library. Additionally, it offers tools for automating and tracking patient journeys, thereby saving valuable time for medical practitioners. By providing a structured and transparent communication solution, Kind aims to make healthcare more accessible and efficient for organizations of all sizes.

1939 Games is an indie game development studio located in Reykjavik, Iceland, dedicated to creating World War-themed gaming experiences. Founded in 2015 by former veterans of CCP, the studio is primarily focused on the development of KARDS, a digital collectible card game that incorporates elements from the card game genre while integrating classic World War II themes. This innovative approach aims to combine engaging gameplay with historical narratives, allowing players to experience significant events and role-play pivotal moments from history. Through its development, 1939 Games seeks to provide both entertainment and educational value in the realm of digital gaming.

Monerium is a regulated financial services company that aims to enhance the accessibility, security, and simplicity of currency transactions. Founded in 2015 by a team with expertise in central banking, finance, blockchain, biotech, and cloud services, Monerium focuses on issuing e-money tokens (EMTs) on blockchains, allowing individuals to store and transact virtual currency without reliance on traditional financial institutions. The company operates as a licensed financial institution, providing bank accounts compatible with both traditional and decentralized finance. By bridging the gap between fiat currencies and blockchain technology, Monerium enables customers to engage in financial transactions with greater efficiency and flexibility. The company's first release of its Smart Money (e-money) was launched on the Ethereum blockchain in 2019.

Elsa Science AB, founded in 2017 and based in Stockholm, Sweden, operates a digital health platform focused on rheumatoid arthritis. The company empowers patients to take an active role in their healthcare by providing tools that facilitate personal research into their condition. Through its application, users can monitor symptoms, diet, and lifestyle factors, gaining insights into how these elements influence their disease activity. Elsa collaborates with the Riskminder foundation and scientific studies at Karolinska Institutet to deliver reliable data and research findings. By enabling patients to track their responses to medications and overall health status, Elsa supports healthcare professionals in managing chronic diseases more effectively, improving treatment personalization and proactive care.

1939 Games is an indie game development studio located in Reykjavik, Iceland, dedicated to creating World War-themed gaming experiences. Founded in 2015 by former veterans of CCP, the studio is primarily focused on the development of KARDS, a digital collectible card game that incorporates elements from the card game genre while integrating classic World War II themes. This innovative approach aims to combine engaging gameplay with historical narratives, allowing players to experience significant events and role-play pivotal moments from history. Through its development, 1939 Games seeks to provide both entertainment and educational value in the realm of digital gaming.

Aldin Dynamics is an Icelandic virtual reality software company founded in early 2013, dedicated to creating immersive and realistic virtual reality experiences. The company focuses on innovative storytelling through the integration of virtual reality and artificial intelligence, employing advanced XR technologies and design methods developed over the years. A key feature of Aldin's technology is behavior analysis, which enhances the realism of AI character interactions. This foundation supports the Ghostline XR toolsuite, designed to aid in the creation of engaging immersive content. Aldin's flagship experience, Waltz of the Wizard, has attracted over 250,000 users and received recognition for its interaction design. The company aims to push the boundaries of interactive storytelling while providing valuable analytics that help game developers enhance VR game design.

Kara Connect ehf. is a telepractice platform based in Reykjavík, Iceland, founded in 2014. The company specializes in connecting service providers in healthcare and education with patients and organizations seeking professional assistance. By offering a customized wellness hub, Kara Connect enables employees to access high-quality coaching, counseling, and therapy services tailored to their specific needs. The platform facilitates interactions with various professionals, including therapists and educators, and operates across multiple countries. Kara Connect aims to enhance access to essential services in the health and education sectors, empowering individuals to reach their full potential.

Travelade, Inc. is a travel platform that enables millennials to discover and book tailored travel activities based on their preferences. Founded in 2016 and headquartered in Reykjavik, Iceland, with an additional office in Palo Alto, California, the company focuses on providing authentic travel experiences. Users can plan their activities using insights from travel bloggers and professional tour operators, as well as create and customize their own travel guides, known as Wanderguides, to share tips and recommendations. This innovative approach allows individuals to resell local tours and activities for a commission, transforming how travel recommendations are shared and enhancing the overall travel experience.

Augmented Hearing is a company focused on developing innovative hearing aid technology aimed at addressing various auditory challenges. Utilizing artificial intelligence, the company enhances speech clarity by boosting voices and suppressing background noise, particularly in difficult acoustic environments. This technology is applicable across multiple domains, including voice assistants, hearing health, and environmental noise reduction during phone calls. Additionally, Augmented Hearing's solutions are designed to alleviate issues such as zoom fatigue, thereby improving communication in remote work settings. Through its advancements, the company seeks to empower individuals to better navigate their auditory experiences.