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Oslo, Oslo, Norway
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.
Last updated
In 2021, Numascale's revenue reached $1.8M. Since its launch in 2008, Numascale has shown consistent revenue growth.
Numascale reached a $5.5M valuation in 2025, set during its M&A Offer round.
Numascale has raised $8.4M in total funding across 2 rounds, with its most recent round in 2012.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $5.5M | - | |
| 2012 | Funding round | $3.5M | - | - | |
| 2009 | Funding round | $4.9M | - | - |
CEO
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.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Numascale yet.
Numascale employs approximately 52 people as of 2026, including 1 sales reps that carry a quota.
Numascale generates $1.8M in revenue.
Numascale was founded by Morten Toverud.
The CEO of Numascale is Morten Toverud.
Numascale raised $8.4M across 2 rounds.
Numascale has 52 employees.
Numascale is headquartered in Oslo, Oslo, Norway.
Numascale operates across multiple industries. Browse revenue, funding, and growth data for Numascale in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$5.5M
2021 Revenue
$1.8M
Funding
$8.4M
Team
52
Founded
2008
| Year | Milestone | Source |
|---|---|---|
| 2021 | Numascale Hit $1.8m revenue in April 2021 | |
| 2008 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 52 employees (April 2021) |
Enterprise-grade banking APIs
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