ProVenture invest in young digital technology startups in Norway. ProVenture have three seed funds and more than a billion NOK under management. ProVenture is a member of Norwegian Venture Association (NVCA).
Cimon Medical AS, based in Trondheim, Norway, specializes in the development and manufacturing of ultrasound blood-flow monitoring devices. Founded in 2019, the company has created the NeoDoppler device, which allows for direct, non-invasive, and continuous monitoring of blood flow in the brains of premature or critically ill infants. The core innovation lies in a coin-sized ultrasound probe that operates as a single-element transducer with an unfocused beam, enabling the continuous measurement of blood circulation by illuminating a 1×4 cm cylindrical area of tissue. This design allows for the simultaneous capture of all blood flow signals within that volume, providing valuable relative measures of blood volume flow without the need for complex equipment or highly skilled operators. Cimon Medical's technology addresses previous challenges in continuous blood flow monitoring, offering a simpler and more efficient solution for healthcare providers.
My Voice
Venture Round in 2020
My Voice is a Norwegian technology company specializing in voice recognition and biometric authentication systems. It develops innovative solutions that utilize speaker identification technology to enhance security and convenience for users. The company's systems allow for keyless access to various applications, including remote start, locking and unlocking functions, infotainment systems, navigation, and comfort settings, all without the need for internet connectivity. By focusing on voice technology, My Voice aims to provide secure and user-friendly methods for managing devices and systems.
VISAVI Technology
Venture Round in 2019
VISAVI Technology AS, founded in 2014 as a spin-off from the Institute for Energy Technology and NTNU Research Centre of Integrated Operations, specializes in software solutions for the energy and process industry. The company's primary offering, LivePlan, optimizes the operation and maintenance of offshore platforms and onshore process facilities. LivePlan serves as an information hub that supports decision-making across various levels and locations within organizations. Key features include a walk-up display for real-time updates on activities, coordination tools for recurrent meetings to plan upcoming tasks, and ad-hoc meeting capabilities to facilitate replanning during unexpected system shutdowns. Headquartered in Halden, Norway, VISAVI Technology also maintains offices in Stavanger and Bergen. The company's founders, Øystein Veland and Gisle Andresen, possess expertise in advanced visualization and collaboration design, enhancing the functionality and effectiveness of LivePlan through collaboration with industry leaders.
Scale Protection
Venture Round in 2017
Scale Protection is based in Harstad, Norway and offers patented technology and services that analyze and prevents deposits (scaling) in oil and gas wells.
Xsens
Venture Round in 2017
Xsens AS, founded in 2013 and based in Bergen, Norway, specializes in developing non-invasive measurement systems tailored for the oil and gas industry. The company's innovative solutions focus on process optimization, flow assurance, and integrity measurement, allowing for the non-invasive installation on standard process pipes. As a spin-off from Christian Michelsen Research (CMR) AS, Xsens aims to enhance operational efficiency through high accuracy and early fault detection in measurement systems.
Ace Oil Tools
Venture Round in 2015
Ace Oil Tools AS, founded in 2012 and based in Randaberg, Norway, specializes in providing stop collars designed to protect control lines in downhole applications within the energy sector. The company offers a range of products, including stop collars for elevators and ratchet collars, which serve to securely lock additional downhole components onto any tube. Ace Oil Tools focuses on developing reliable tools that facilitate the installation and anchoring of downhole equipment, ensuring safety and effectiveness in energy operations.
CUPP Computing
Seed Round in 2013
CUPP Computing AS is a Norwegian company established in 2005 and headquartered in Bergen. It specializes in manufacturing and marketing dual-mode data processing devices, offering products such as disk and data security systems, architecture computing modules, and virus-scanning appliances. The company also develops security software for both computers and mobile devices. A notable product is The Punk This Module, introduced during Computex 2011, which allows users to switch between x86 and ARM processors while using the same peripherals. In 2011, CUPP Computing expanded its capabilities by acquiring Yoggie Security Systems, a mobile security vendor focused on data protection.
ZXY Sport Tracking
Venture Round in 2010
ZXY Sport Tracking is a wearable sports performance technology that includes videos, features, and product information. It delivers a sport analysis system combining application-specific 3D graphic software engines and a hardware sensor platform for soccer environments. Its system enables automated tracking and storage of the situations at the sport ground with no need for human and manual support. ZXY Sport Tracking is a Norway-based company that was founded in 2002 and the company was acquired by ChyronHego on April 6, 2014.
Numascale
Series A in 2009
Numascale AS, founded in 2008 and based in Oslo, Norway, specializes in computer system interconnect technology that facilitates the development of big data analytics appliances for enterprise servers. The company offers a range of products including NumaQ, a terascale in-memory analytics appliance designed for high-performance data analytics, and NumaQ R Appliance, which supports statistical programming with R for large data set computations. Additionally, Numascale provides MonetDB, a column-store database integrated with R for analytics purposes. Its technology features a modular chip microarchitecture, which allows system vendors to customize configurations according to performance needs, while utilizing an on-chip interconnect fabric that eliminates the necessity for external switches. Numascale's innovations enable businesses to leverage scalable in-memory computing and shared memory systems, thus simplifying the design of scale-up systems for data-intensive applications. The company operates as a subsidiary of Dolphin Group ASA.
SnapTV
Venture Round in 2008
SnapTV has been providing IPTV technology and digital infotainment solutions since 2005, serving network owners and operators across the globe. The company's systems are utilized by a diverse range of clients, including several Fortune 500 companies, to enhance communication and improve user experiences in various sectors. In maritime and offshore environments, SnapTV's services boost crew morale on ships and rigs, while in hospitality, they enhance guest comfort. The company also supports healthcare facilities and educational institutions, improving patient welfare and student life. SnapTV's Service Operation Center ensures the reliable operation and maintenance of their systems, delivering carrier-grade service quality. Through a network of certified partners and global alliances, SnapTV provides expert guidance and seamless deployment of their advanced infotainment systems, making their offerings widely accessible. Headquartered in Oslo, Norway, SnapTV operates with sales and support partners worldwide.
Arctic Silicon Devices
Series B in 2008
Low power ADCs and AFEs in 20-125MHz range. Applications: Ultrasound, Wireless communication, Instrumentation The company is based in Tiller, Norway.
Wireless Safety
Seed Round in 2008
Wireless Safety AS engages in developing wireless safety keys for leisure boats. It offers CoastKey, a wireless remote control that acts as an in-dock immobilizer, engine start/stop remote controller, and remote engine tilter to lift or lower the power unit from/into the water. The company’s unit also performs various safety functions by acting as an engine kill switch, worn round the pilot's neck, which switches off the engine in two seconds of the pilot falling into the water and activates a flashing light on the CoastKey to aid recovery in darkness. Its CoastKey’s killkord engine function stops on pilot’s fall overboard, and starts directly from the on-board control unit at the time of rescue; and engine immobilizer function deactivates when the ignition is switched on, and activates when the ignition is switched off. The company’s CoastKey’s start and tilt engines function prevents re-start of already running engines; key units function is connected to the boat ignition system close to the pilot area, and starts from the lock unit by entering a pin-code; and installation function installs various engines. Wireless Safety AS was founded in 2004 and is based in Tofte, Norway.
Active DSP
Seed Round in 2008
Active DSP AS is a company delivering timesaving DSP software tools for use in the program development for microcontrollers and digital singal processors, and in testing and monitoring stages of programs. Our software is based on RS-232 communication and supports C2000 and MSP430 processors from Texas Instruments. The company is based in Trondheim Norway, and the technology behind is developed by the two founders Jarl Karlsen and William Gullvik which both has close relationships with the Norwegian University of Science and Technology, NTNU.
Arctic Silicon Devices
Seed Round in 2007
Low power ADCs and AFEs in 20-125MHz range. Applications: Ultrasound, Wireless communication, Instrumentation The company is based in Tiller, Norway.
OptoSense
Seed Round in 2007
OptoSense develops and sells micro-optical sensors for demanding gas detection and measurement applications. They are a small, but competent and innovative team in a Norwegian hi-tech company with high ambitions. Optosense is positioned for development in partnership with leading companies and OEM sales of sensors on the world market. OptoSense has demonstrated sensors for multiple gases based on the HoloChip technology. Detection of refrigerants (HFCs, HFOs, HCs, Ammonia and CO2) represents an important new opportunity. The HoloChip is a holographic mirror (Diffractive Optical Element) that integrates: Diffractive gratings, Focusing lenses, Beam splitter functionality and Wavelength reference. The holograms can be manufactured through polymer blow molding for low cost or on silicon wafers for maximum accuracy and temperature stability. OptoSense holds the exclusive IP rights for gas detection and measurement applications of strong general patents on Diffractive Optical Elements (NO 321629, US 7196791, CN 1488071, WO 0244673 etc.) with Sintef and Tomra Systems ASA. The technology, invented at SINTEF ICT in Oslo is also proven for multispectral non-gas applications.
Aptomar
Seed Round in 2007
Aptomar is a prominent provider of integrated field monitoring sensors, systems, and services tailored for the oil and gas industry, with a strong emphasis on ensuring the safety of people, the environment, and assets. Based in Trondheim, Norway, with additional offices in Houston, USA, and Rio de Janeiro, Brazil, Aptomar specializes in 24/7 oil spill detection, emergency response, surveillance, and search and rescue operations. The company employs proprietary technology alongside commercially available sensors to consolidate remotely monitored data into a unified display, enabling real-time operational oversight. Skilled operators analyze this sensor data to intervene promptly when necessary, supporting offshore operators during incidents. In response to industry demands for enhanced monitoring strategies, Aptomar established Aptomarin, a maritime control center in Trondheim in 2014. This center offers continuous monitoring and expertise, ensuring robust detection capabilities and effective emergency response, staffed by master mariners and maritime professionals with extensive experience.
Secustream Technologies
Seed Round in 2007
Secustream Technologies AS provides digital rights enforcement solution that prevents reverse engineering and piracy. It offers SecuShow, a software solution for home PCs, setup boxes, and mobile phones. The company’s security platform serves Hollywood and content providers protecting digital rights with an electronic enforcement system. It serves digital media content creators and providers, such as Hollywood home video distributors, IPTV service providers, and online gaming providers. Secustream Technologies AS was founded in 2006 and is based in Trondheim, Norway. As of May 13, 2008, Secustream Technologies AS operates as a subsidiary of Conax AS.
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