Ecosophy

Ecosophy's 'OverView' wins in EU Space Agency competition

Ecosophy’s prototype for its platform OverView is among the winners of the EU Space Agency’s (EUSPA) innovation competition. Ecosophy is an Icelandic startup focusing on making environmental data actionable, in part by making access to data from EUSPA’s Copernicus system accessible. The company received a prize of €30,000 and is working on a partnership with the agency.

“We’re excited to work closely with the EU Space Agency and visit them in Prague soon,” said Smári McCarthy, CEO of Ecosophy. “This is a great opportunity to show how Icelandic innovation can help in tackling global challenges.”

OverView is one of a growing number of software platforms that, in the face of rapidly changing climate and weather systems, aims to make information about the environment more accessible, easy to use, and actionable. The platform stitches together data from multiple databases on weather, predictions on climate and oceans, and various measurements of pollution and natural resources, and makes it possible to be used by non-technical people. The platform is currently under development and is being piloted by several Icelandic and international companies.

“Our planet is changing rapidly due to climate change, and decision-makers across all sectors are faced with the task of preparing for this shift,” said Steph Matti, Ecosophy’s COO.

Keystrike secures pre-seed funding from Philippe Langlois, cybersecurity entrepreneur

The Icelandic cybersecurity startup Keystrike has secured funding from Philippe Langlois, founder of cybersecurity company Qualys (QLYS) which is currently valued at over $4 billion. Keystrike’s technology was invented by Ymir Vigfusson, Associate Professor at Emory University, to rethink multi-factor authentication. “Keystrike seals off the path that is commonly

Kerecis becomes Iceland's first Unicorn after being acquired by Coloplast for up to $1.3 billion

Kerecis has signed an agreement with Coloplast, the Danish medical device manufacturer, to be acquired for up to $1.3 billion, making them Iceland’s first Unicorn company. In today’s Kerecis business meeting, which took place in Ísafjörður where they have a manufacturing facility, Fertram Sigurjónsson, founder and CEO

DTE secures $10M funding from Novelis and the EIC Fund

DTE, developers of next-generation metal production and manufacturing, has successfully closed its Series A2 funding round, raising $10 million. Novelis, Metaplanet, and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures participated in the round. DTE previously raised a Series A round from

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