Treble Technologies receives the Icelandic Innovation Award 2026

The Icelandic Innovation Award 2026 has been awarded to Treble Technologies, which has developed and commercialised acoustic simulation technology that recreates real-world acoustic conditions in virtual environments. The technology is used in building design, in the development of audio products, and in AI systems that need to perceive and interpret sound in their surroundings.

The award was presented yesterday at the Iceland Innovation Congress in Gróska. Hanna Katrín Friðriksson, Minister of Industries, presented the award to Gunnar P. Hauksson, Executive VP of Business Development and co-founder; Guðlaug Guðmundsdóttir, CFO; and Ingimar Andersen, Co-CTO, Platform, and co-founder, who accepted it on behalf of Treble Technologies.

About the award recipient

Founded in 2020, Treble Technologies has built an international business headquartered in Reykjavík. The company’s software is used by engineers, designers and acoustic specialists to simulate how sound travels and behaves in real-world environments. Applications include building acoustics, audio product development, and testing of devices that rely on sound perception.

In recent years, Treble has applied its acoustic simulation technology to support the development of devices and AI that can perceive and understand sound in real-world conditions. By recreating a wide range of acoustic environments digitally, developers can test and improve the performance of their products before they reach the market. The solutions are used in the development of smart devices, speech recognition and robotics. Treble’s vision is to create a better-sounding world, where people can communicate more easily with each other and with the technology around them.

Treble’s customers include global technology companies such as Amazon and Logitech. Nearly all of its revenue is generated abroad, and in 2025 revenue amounted to just over ISK 177 million. In the same year, the company’s workforce amounted to just over 33 full-time equivalents, of which just over 23 were in research and development.

The company has been granted four patents in the United States for its technology and it is pursuing further IP protection in international markets. Treble has also raised funding from international investors to support further research, development and market expansion.

Jury Statement

Treble Technologies is a remarkable example of how Icelandic research and development can lay the foundation for an international technology company. Through specialised expertise in acoustic simulation, the company has developed technology that gives it a strong competitive position in the global market.

The rapid development of AI has opened new opportunities for Treble’s technology. The company has shown foresight in applying knowledge and technology originally developed for acoustic simulation to meet new needs in AI. Its expertise is now used in the development of devices and systems that must be able to perceive and interpret sound in their environment. By broadening the applications of its technology, the company has created new business opportunities in a fast-growing market.

Treble has already demonstrated the commercial value of its technology through sales to leading global technology companies. It has also secured important intellectual property rights and raised substantial growth capital to support further development and international expansion.
Treble has built a specialised operation in Iceland and created jobs for people with expertise in research and technology development. By taking its research into new markets, the company has shown initiative and adaptability that set an example for other Icelandic startups.
The jury concludes that Treble Technologies is a deserving recipient of the Icelandic Innovation Award 2026.

About the Icelandic Innovation Award

The Icelandic Innovation Award is jointly presented by Rannís – The Icelandic Centre for Research, the New Business Venture Fund Kría, Business Iceland and the Icelandic Intellectual Property Office. It recognises companies that excel in developing new products or services that are based on research and innovation and have proven successful in the market. The aim is to highlight the important connection between research, ingenuity and value creation in the Icelandic economy.

• Key evaluation criteria include:
• Whether the company is a startup based on a new technology or idea, with the knowledge and experience to carry out outstanding development work
• The added value of its products and its success in the market
• The company’s prospects for long-term viability and whether its innovation management sets an example
• Whether the company serves as an inspiration for others to follow a similar path

The award trophy is a sculpture of Freyr, the Norse god of fertility, by Icelandic sculptor Hallsteinn Sigurðsson.