Norwegian big data analytics firm Swarm64 has raised $12.5 million in Series B funding led by Intel Capital and Investinor with participation from Alliance Venture and Target Partners.
The new funding will be invested in further development of the company’s scalable data accelerator (SDA) for real-time big data analytics.
More and more industries are feeling the need to improve their data analytics and processing in order to stay competitive, said Karsten Rönner, CEO of Swarm64. “The Swarm64SDA enables anyone with basic skills in relational databases to gain deep new business insights in less time,” he said.
The Oslo-based company previously raised €7 million in a Series A round in 2015 and has an office in Berlin.
“Swarm64 developed a disruptive approach to accelerate relational databases,” added Michael Münnix of Target Partners. “The technology provides orders of magnitude faster performance, bringing real time applications to a broader commercial market.”
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Kare R. Aas, Norway’s ambassador to the United States, described the United States as “Norway’s closest ally,” in an interview with VOA.
Oslo District Court approved Norway’s plans for more oil exploration in the Arctic last Thursday, dismissing a lawsuit that claimed it violated the people’s constitutional right to a healthy environment.
Yemen has welcomed Norwegian Foreign Ministry’s announcement to stop the export of arms to the UAE because of its participation in the aggression coalition against Yemen and its perpetration of war crimes against humanity, the Ministry of Human Rights said in a statement obtained by Saba on Friday.
Former Norwegian minister Trond Giske, a deputy leader of the Labour party, announced his resignation on Sunday after accusations that he sexually harassed young women.
In 2017, Norway maintained its substantial humanitarian support for civilians affected by the conflict in Syria. ‘The war in Syria is a terrible tragedy that has caused several hundred thousand deaths and forced millions of civilians to flee their homes. It is crucial that the international community steps up its support. Norway provided more than NOK 2.5 billion in aid in 2017. This funding has saved lives, supported civilians affected by ISIL attacks, and provided education opportunities for 1.2 million children in Syria and its neighbouring countries,’ said Minister of Foreign Affairs Ine Eriksen Søreide.
The new King and Queens of Chess are crowned at the inaugural King Salman World Open and Women’s Rapid & Blitz Chess Championships in Saudi Arabia.
On the basis of a comprehensive assessment of the situation in Yemen and the increasing risks associated with the United Arab Emirates’ military engagement in the country, the Ministry of Foreign Affairs decided on 19 December 2017 to suspend licences that have already been issued for the export of Category A defence-related products (weapons and ammunition) to the United Arab Emirates. No new export licences for Category A defence-related products to the United Arab Emirates will be issued.
Oh boy, somebody in the winter sports segment is getting a serious military contract. As reported by the
The Crown Princess of Norway has been experiencing a range of uncomfortable symptoms due to a mysterious condition that made her believe she was undergoing early menopause.
The Marine Corps commandant told about 300 Marines in Norway this week that they should be prepared for a “bigass fight” to come, remarks his spokesman later said were not in reference to any specific adversary but rather intended to inspire the troops.
In the years since the adoption of the Convention on Biological Diversity in 1993, evidence has mounted that biodiversity around the world is in trouble.
USA President Donald J. Trump will welcome Prime Minister Erna Solberg of Norway to the White House on January 10, 2018.
Foreign online gaming operators facing Norway remains problematic in Norway. As evinced by the shutdown of two online payment processors.

Norway is providing NOK 115 million in funding to the United Nations Peacebuilding Fund. ‘Conflict prevention is good development policy and smart aid. That is why we are now increasing our contribution to the UN Peacebuilding Fund,’ said Minister of Foreign Affairs Ine Eriksen Søreide.
Norwegian daily Dagbladet writes a lot of national and international financial instituions recently invest on private child welfare services in Norway. As there is no limitations on who can invest, child welfare turns to be the most lucrative investment.
Norway signed extensive new MoUs with Poland on the use of funding under the EEA and Norway Grants amounting to EUR 809.3 million. The business and innovation sector will be significantly strengthened. Justice and home affairs, energy and climate, and civil society will also continue to be important priority areas.
Norway has voted to decriminalise drugs across the country in a landmark move that will see addicts treated instead of punished. Four out of nine parties in the country’s parliament voted in favour of the move as Norway becomes the first Scandinavian country to decriminalise.
Norway has today introduced restrictive measures against Venezuela. These measures are a response to the negative developments in the country.
Hindus are urging Government of Norway and Norwegian Food Safety Authority (Mattilsynet) to mandate food manufacturers to mention the source of gelatin, if used in the product, on its “Ingredients” label.
This statement was issued jointly by the Governments of the United States of America, the United Kingdom, and Norway.
US Marine Corps General Warns “I Hope I’m Wrong, But There’s A War Coming”
Prince William and Kate Middleton will go on a royal tour of Sweden and Norway from January 30 to February 2, Kensington Palace announced this morning.
The Government of Norway’s additional $6.9 million contribution to UNICEF earlier this year in May 2017 is helping in strengthening the education system and increasing access and quality of learning services provided to all children including Syrian refugee children.