Kureo

Name

Kureo

Legal name

Kureo AS

Website

https://kureo.no

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

1–10 employees

Short description

Kureo is a Norwegian technology consultancy, founded in 1969 and rebranded in 2024, providing custom electronics and software development. With 8-9 employees, it delivers embedded systems, IoT devices, and automation platforms to enterprise clients in maritime, energy, healthcare, and industrial safety sectors.

Ownership category

akta.pro rank

Product category

Engineering Services

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Automotive ECUs/Control Modules & Embedded Electronics Manufacturing (IMACAJAC)

Keywords

• Custom electronics development
• Embedded systems engineering
• Industrial IoT solutions
• Software development services
• Project execution consulting

Headquarters

HQ city

Avaldsnes

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Consulting Services: Technical consulting and development services provided to enterprise customers across various industry sectors
2. Product Development: Full product development from concept to production, including prototyping and MVP development
3. Project Execution: Custom development projects covering all phases from ideation to market-ready products and ongoing maintenance

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Kureo provides custom electronics development, full-stack software development, and agile project execution services to Norwegian enterprises. The company delivers end-to-end product development—from ideation and prototyping to market-ready production and ongoing maintenance—across embedded systems, IoT, industrial automation, maritime, energy, healthcare, and port operations. Notable client-specific deliverables include the e-SEAMatic maritime automation platform, KraftPlugg energy-monitoring device, Orion pedestrian safety system, and Tidewave medical mattress electronics.

Product overview

Kureo is a technology consultancy specializing in custom electronics and software development, not a unified product platform. The company offers three core engineering services—electronics development, software development, and project execution—that span the full product lifecycle from idea to market-ready production. Kureo's work manifests in client-specific products and solutions rather than a proprietary product portfolio. Notable outcomes include the e-SEAMatic® maritime automation platform (developed for SEAM), the KraftPlugg IoT energy monitoring device (for Haugaland Kraft), the Orion AoA pedestrian safety system (for Rytech), and the Tidewave medical mattress electronics (for Tidewave). Additional deliverables include custom MES systems for Norcable, operations portals for Husøy Terminalen, and license management solutions for TREDIM. The company also develops IoT/embedded solutions, cryptographic solutions, and provides consulting across defense, healthcare, public sector, and industrial verticals.

Differentiator

Problem solved

Functional benefit

Products and services

• Elektronikkutvikling (Electronics Development Services) Custom electronics development services covering circuit board design, component selection, prototype development, IoT solutions, embedded systems, and production setup. Includes product lifecycle management with ongoing support for Norwegian industrial clients.
• Programvareutvikling (Software Development Services) Full-stack software development services across platforms including Microsoft .NET, C, C++, JavaScript, and Python. Covers applications for mobile, PC, Mac, tablets, cloud deployment with Docker containers, data security, and ongoing maintenance and updates for enterprise clients.
• Prosjektgjennomføring (Project Execution Services) Agile project execution services using Lean and Scrum methodologies with frequent partial deliveries, learning-driven development, and close customer collaboration throughout the project lifecycle. Includes product development, prototyping, MVP, and productionization support.
• e-SEAMatic® Maritime Automation Platform A maritime automation platform that controls everything from basic alarm systems to advanced automation and integration on vessels. Kureo contributes as an external development partner working on web-based SCADA systems, PLCs, networking solutions, redundancy, and frontend/backend development.
• KraftPlugg IoT Energy Monitoring Device A consumer IoT device developed for Haugaland Kraft that reads electricity consumption data from AMS smart meters via the HAN port and forwards it to a cloud service, enabling real-time energy monitoring through a customer app. Over 6,000 active users.
• Orion AoA Pedestrian Safety System A pedestrian warning system for industrial vehicles that uses Bluetooth Low Energy Angle of Arrival (BLE AoA) technology to detect personnel wearing beacons and display their location to drivers, reducing blind-spot accidents. Protects over 1,100 workers daily.
• Tidewave Pressure Ulcer Prevention Mattress An inflatable mattress for preventing pressure ulcers in patients. Kureo developed custom electronics and software that control the mattress, including pumping, pressure measurement, and sensor monitoring. The product is sold internationally with partnerships with medtech companies.
• Norcable Manufacturing Execution System (MES) A custom Manufacturing Execution System (MES) developed for Norcable that monitors production machines, collects operational data, and integrates directly with Norcable's Odoo ERP system. Includes a customer portal displaying real-time production status and estimated delivery times.
• Driftsportal Operations Portal for Husøy Terminalen A web-based operations portal for Husøy Terminalen that handles vessel arrival registration, inventory management, and shipment documentation. Built with Microsoft .NET backend and Nuxt/Vue/TypeScript frontend, deployed on Norwegian servers.
• TREDIM License Management System A modernized license management system for TREDIM, including a new license engine, login functionality, and a customer portal for managing licenses, tracking expiring licenses, viewing activation status, and handling payments automatically.

Quantifiable outcome

• Over 48,000 people saved through SAR technology
• +2 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Redpill LinprocoreTechnology or IntegrationCloud infrastructure partner for hosting customer software solutions. Provides container-based (Docker) server infrastructure in Norway for secure software deployment and operations.
• Larssen AmaralminorStrategic or Co-development PartnerDesign and strategy agency hired to develop Kureo's new brand identity including name, visual profile, and brand strategy. Local agency from Haugalandet region.
• SolsteinminorStrategic or Co-development PartnerLocal workplace enterprise providing VTA through NAV on Karmøy. Assists with final production of KraftPlugg including programming, testing, packaging, and shipping.
• TidewavecoreStrategic or Co-development PartnerHealthcare technology company based in Stavanger developing pressure ulcer prevention mattresses. Kureo provides electronics and software development; product is now sold internationally through medtech partners.
• RytechcoreStrategic or Co-development PartnerTechnology company based in Sauda delivering safety solutions and sensor technology. Kureo developed Orion pedestrian detection system using BLE AoA technology; system now protects workers on multiple industrial sites.
• Husøy TerminalencoreStrategic or Co-development PartnerPort terminal operator engaged Kureo to develop a web-based operations portal for managing vessel calls, inventory, and dispatch. Solution now serves terminals in Avaldsnes and Fredrikstad.
• High Voltage RoboticsminorStrategic or Co-development PartnerDeveloping systems for power line stringing operations in Norwegian power grid construction. Using BLE wake-up functionality for video streaming nodes; Kureo developing wireless communication solutions.

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Knowit: Nordic digital and embedded solutions consultancy with operations in Sweden, Norway, Finland, and Denmark — comparable business model of multi-disciplinary tech consulting for industrial and enterprise customers across the Nordic region.
• Computas: Norwegian IT consultancy specializing in software development, AI, and digital solutions for public sector and enterprise — comparable Norwegian tech services peer, though Kureo is more hardware/embedded focused while Computas is more software/data oriented.
• Semcon: Swedish product development and embedded engineering consultancy with industrial digital, software, and hardware capabilities — comparable service offering in product realization, embedded systems, and industrial automation.
• Bouvet ASA: Norwegian IT and digital consultancy with deep enterprise relationships across Norwegian industry, government, and energy — directly comparable as a domestic Norwegian tech consultancy serving many of the same verticals (energy, public sector, industrial).
• Sigma Connectivity: Nordic design services firm specializing in embedded systems, IoT product development, and connected devices — a close functional peer to Kureo's electronics and embedded software business, with overlapping industrial and medtech customer segments.
• Prevas: Swedish embedded systems and product development consultancy offering electronics design, embedded software, and industrial IoT to industrial clients across the Nordics — directly comparable in service mix and customer profile to Kureo, though larger in scale.

Others

• IAR Systems: Swedish supplier of embedded development tools and middleware — not a direct competitor but an enabling technology provider in the same Nordic embedded software ecosystem where Kureo operates.

Emerging players

• Disruptive Technologies: Norwegian IoT sensor and infrastructure company selling wireless sensors for smart buildings and industry — comparable as a Norwegian IoT hardware/software company in adjacent sensor and connectivity markets to Kureo's BLE-based safety and energy products.

Broad incumbents

• AFRY: Large Nordic engineering, design, and consulting firm (formerly ÅF) with embedded systems and industrial digital practices — overlaps with Kureo's industrial automation and embedded work, but serves a much broader portfolio across energy, infrastructure, and industrial markets.
• TietoEVRY: Major Nordic IT services and software company serving enterprise and public-sector customers across the Nordics — overlaps with Kureo's software development and system integration work as a much larger incumbent, particularly in Norwegian enterprise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/kureo.no
• LinkedInlinkedin.com/company/kureo-as
• Instagraminstagram.com/kureo.no

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kureo