Top 15 Hardware Startup Investors in Iceland in May 2026

Portfolio highlights

• AviLabs — AviLabs specializes in software development in aviation.
• Laki Power — We supply power grid operators with advanced high-voltage line monitoring stations that enable them to optimise performance, safety and cost.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Portfolio highlights

• HorseDay — HorseDay is a mobile application to track horse activities.
• Spectaflow — Spectaflow is a SaaS solution for accommodations businesses focused on improving housekeeping and maintenance workflows
• PayAnalytics — PayAnalytics, a leading pay equity and workforce analytics solution, aids companies in closing pay gaps and fostering workplace equity. Ensure compliance with pay transparency regulations, assess wage disparities, and analyze workforce demographics conveniently.

Portfolio highlights

• Abzu — Abzu's AI is built for the modern researcher, where explainability, small data, and new insights are at the core of innovative discoveries.
• Yeply — Yeply Mobile Bike Service is a start-up that specializes in bicycle maintenance. Yeply’s ideology is that bicycle maintenance should be an easy, quick, and effortless experience for the customer. It believes that every bike is worth caring for and they value every cyclist equally - cycling belongs to everyone.It was founded in 2016 and isheadquartered in Helsinki, Finland.
• Hopsworks — Hopsworks is an online platform for the development and operation of Machine Learning (ML) pipelines at scale, based around the industry's first Feature Store for ML.

Portfolio highlights

• PLAIO — PLAIO is a web-based SaaS platform intended to help generic pharmaceutical companies to digitize their demand, manufacturing, and purchase planning.PLAIO offers features like visual and capacity planning, advanced constraint/overhead calculations.
• Moombix — Join us for the launch of our advanced learning platform for online music lessons
• Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.

Portfolio highlights

• General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
• Q5D Technology — Additive manufacturing with conductors. Eliminate traditional wiring, saving space and weight. Unique 5-axis robots add power and data functions to products. Simplify supply chains and manufacturing. Transform productivity with our hardware, software, and support.
• VerAI Discoveries — VerAI Discoveries is disrupting Mineral Exploration by deploying a revolutionary Artificial Intelligence Platform that detects concealed mineral deposits.

Portfolio highlights

• Xunlu AI — Xunlu AI is an innovative startup that focuses on the development of AI-powered customer service technologies. Xunlu AI provides AI intelligent customer service and sales robots to businesses in a variety of industries via highly tailored AI solutions, assisting businesses in achieving their goals of cost reduction and increased productivity.
• Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
• Rubedo Life Sciences — Rubedo Life Sciences is the Premier Longevity Company. Rubedo discovers and develops medicines to keep you biologically young.

Portfolio highlights

• Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
• Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.

Portfolio highlights

• Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
• Swappie — Buy refurbished iPhones at an affordable price - Swappie offers refurbished and cheap iPhones with a free 12-month Swappie warranty.
• Videoly — The easiest way for online retailers to get hand-picked and automatically embedded product videos.

Portfolio highlights

• GRID — A spreadsheet technology company building cutting-edge spreadsheet solutions optimized for AI and modern applications.
• Travelade — Find recommendations and local insights from all across the world. Discover hidden gems, book experiences with best price guaranteed, create epic stories.
• Aldin Dynamics — Aldin creates believable realities designed for presence & immersion.

Portfolio highlights

• Flygildi ehf — Silent Flyer is a flapping-wing bird-like drone with wings that can morph their shape during flight and fold unto the body. The Silent Flyer is manufactured by Flygildi ehf, Reykjavik, Iceland.

Portfolio highlights

• Taktikal — Simple and secure digital signatures Offer high-end signatures to save both your business and your customers valuable time and cost.
• Watchbox — Watchbox combines technology and the elements of team-building to unite local and distributed teams. Employees capture all the great things at work or outside of work, with photos and videos. These moments vary from random highlights at work, events, celebrations, and conferences to something interesting in employees’ personal lives outside ofwork. Posts can be viewed in the app, but are also displayed 24/7 in dedicated Watchbox display units, placed in common areas across the office. Watchbox provides fun Concepts designed to motivate diverse content creation that reinforces positive culture.

Portfolio highlights

• Orb — Orb's groundbreaking technology is leveraging the latest advances in computer vision and AI for on-site forest assessment with phones, reducing cost by 90% Orb's carbon and biodiversity platform delivers unmatched data and and transparency, maximising value of each carbon credit.
• LearnCove — LearnCove provides businesses with a modular and easy-to-use training platform for high-quality training across markets and cultures.
• Abler — Abler brings simplicity to the complexities of team management. With easy scheduling, messaging, payment, and data tools, Abler empowers users to spend more time cultivating the essential life skills and values learned through sports and other organised activities.

Portfolio highlights

• Sortera Technologies — Sortera Alloys manufactures low-cost, high-quality metal alloys for domestic manufacturing using its artificial intelligence technology.
• Multiscale AI — Multiscale Technologies developed an AI platform that accelerates R&D and the discovery of new materials by 100X. The platform digitizes all forms of data (tabular, pdf, simulations etc.) and uses its own unique knowledge fusion platform to connect experiments, simulations, and materials domain expertise to provide predictive analyses andrecommendations for any manufacturing company that does R&D for new materials in their current/future products.
• DTE ehf — DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

Portfolio highlights

• Kúla 3D — Making your own 3D images and videos is easy. New devices to watch 3D are popping up, but something is missing: your own personal 3D imagery; your friends and family in three dimensions. Since 2013 Kúla has made solutions for 3D photography with regular camera because they believe everyone should capture their precious moments in 3D. They make 3Dlenses for DSLR cameras and smartphones accompanied by the image processing software Kúlacode.

Portfolio highlights

• Dead Astronauts — Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.
• Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
• Blue Scarab Entertainment — Blue Scarab Entertainment is Stockholm-based video game studio developing a surprising MMORPG for fans of cozy escapism, true-crime, supernatural mystery, and horses.