AI Companies in Iceland

SNERPA Power

Reykjavik

SNERPA Power is an Icelandic energy-tech startup whose AI-driven energy-management system helps power-intensive industrial users optimize and automate electricity scheduling, ordering and balancing-market bids. The platform uses live data streams to lower CO2 emissions and balance energy grids. It raised EUR 2.2 million led by Crowberry Capital and BackingMinds, and was founded by Iris Baldursdottir and Eyrun Linnet.

Mideind

Reykjavik

Mideind is an Icelandic language-technology company specializing in natural-language processing and AI for the Icelandic language. It builds neural machine translation, spelling and grammar checking, and the voice assistant Embla, and contributes core tools to Iceland's national language-technology program.

PLAIO

Reykjavik

PLAIO is an Icelandic company that builds an AI-enhanced sales, operations and supply-chain planning platform specifically for the pharmaceutical industry, using prediction and optimization to replace spreadsheet-based planning. Its name reflects its focus on AI-driven prediction and optimisation. The company raised a EUR 4.3M round to expand its platform.

Hefring Marine

Reykjavik

Hefring Marine is an Icelandic maritime-technology company whose Intelligent Marine Assistance System (IMAS) provides AI-driven, real-time decision support for vessel operators. It combines onboard sensor data, vessel-specific behavior models and analytics to guide safer, more fuel-efficient operation in changing sea conditions, building on the first patented wave-slam monitoring system. Founded in 2018 in Reykjavik.