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How Numascale CEO Morten Toverud grew Numascale to $1.8M revenue with a 52 person team in 2021.

Developer of interconnected technology systems intended to assist in scalable in-memory computing. The company's systems offer a shared memory system and a performance computing software for running data analytics workload in-memory with shared memory architecture, enabling businesses to avail unique node controller to lower the barrier for system vendors to design scale-up systems.

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Numascale Revenue

In 2021, Numascale's revenue reached $1.8M. Since its launch in 2008, Numascale has shown consistent revenue growth.

Numascale Revenue GrowthReported revenue / ARR by year$0$400K$800K$1M$2M$2M20082010201220142016201820202021$0$2MSource: GetLatka.com
YearMilestone
2021Numascale Hit $1.8m revenue in April 2021
2008Launched with $0 revenue

Numascale Valuation, Funding Rounds

Numascale's most recent disclosed valuation is $5.5M.

Numascale has raised $8.4M in total funding across 2 rounds, with its most recent round in 2012.

Numascale Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$2M$4M$6M$8M$10M200820092010201120122008 cumulative: $0 • 2008 Founded: $02009 cumulative: $5M • 2008 Founded: $0 • 2009 Funding round: $5M2012 cumulative: $8M • 2008 Founded: $0 • 2009 Funding round: $5M • 2012 Funding round: $4M$8M2008 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2012Funding round$3.5M--
2009Funding round$4.9M--

Numascale Employees & Team Size

Numascale employs approximately 52 people as of 2026.

Numascale has 52 total employees in different roles and functions and 1 sales reps that carry a quota.

Numascale Team GrowthReported headcount over time0132538506320082010201220142016201820202021005252Source: GetLatka.com
YearMilestone
2021Reached 52 employees (April 2021)

Founder / CEO

Morten Toverud

Morten has extensive experience from the industry with his last position being VP R&D at Rheinmetall Defence in Oslo. Previous experience is as President & CEO in O-Mass AS, VP R&D in Tanberg Data ASA and from Kongsberg Informasjonskontroll AS. He started his career after studies and lecturing at the University of Oslo at The Norwegian Defence Research Establishment where he held a position as Senior Principal Scientist.

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Customers

We do not have customer count information for Numascale yet.

Frequently Asked Questions about Numascale

What is Numascale's revenue?

Numascale generates $1.8M in revenue.

Who founded Numascale?

Numascale was founded by Morten Toverud.

Who is the CEO of Numascale?

The CEO of Numascale is Morten Toverud.

How much funding does Numascale have?

Numascale raised $8.4M.

How many employees does Numascale have?

Numascale has 52 employees.

Where is Numascale headquarters?

Numascale is headquartered in Oslo, Oslo, Norway.

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Compare Numascale to the industry

Numascale operates across multiple industries. Browse revenue, funding, and growth data for Numascale in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Numascale Revenue 2021: $1.8M ARR, $5.5M Valuation