Treble Technologies secures 1.7 billion Icelandic króna funding round in Reykjavik

Recently, Treble Technologies, an innovative startup founded in 2020, secured a significant funding round amounting to 1.7 billion Icelandic króna. This funding was provided by a mix of domestic and international investors, marking a considerable achievement for the company. The CEO, Finnur Pind, described the financing as a major milestone, indicating strong validation of the company’s efforts thus far.

Treble Technologies specializes in acoustic simulation software, enabling users to create models that predict how sound behaves. This technology is particularly beneficial for industries such as automotive design, where manufacturers can test how a vehicle sounds by simulating various factors, like engine noise, without needing to produce a physical prototype. The same approach applies to architecture and electronic devices, allowing designers to optimize sound quality before actual construction or production.

The recent funding will facilitate the hiring of additional staff, expanding Treble to around 45 employees, up from about 30 at the beginning of the year. Notably, nearly half of Treble’s workforce consists of international experts. The company operates from a single office in Reykjavik and maintains a preference for collaborating in one location rather than being globally dispersed. Their strategy has successfully attracted talent to Iceland, exemplifying their ambition to build a thriving innovation ecosystem locally.