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Mainframe Industries - founded by former CCP, NextGames and Remedy devs - raise €2m

Mainframe Industries, a new, Reykjavik-based but pan-Nordic gaming company, has raised €2m (~$2.2m) in seed funding to build what they describe as “the first MMO specifically developed for cloud platforms.”

“The creative and business opportunity that cloud gaming brings to social and immersive online games is unlike anything we’ve seen on the screens we play on today,” said Thor Gunnarsson, co-founder and CEO. “We’re incredibly excited to announce our air bridge across the Nordics, having assembled a founding team with the AAA, MMO and mobile pedigree needed to build the game we’ve been preparing for our whole lives.”

Investors in the round include Maki.vc, Play Ventures, Crowberry Capital, and Sisu Game Ventures. Following the investment, Hekla Arnardóttir of Crowberry and Harri Manninen of Play Ventures joined the board, with Samuli Syvähuoko of Sisu Game Ventures becoming chairman of the board.

You can read more at Games Industry Biz.

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

Smári McCarthy, CEO of Ecosophy and Steph Matti, COO of 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

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

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