1 The EIC Accelerator Project

The EIC Accelerator program, a pivotal initiative under the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups in developing and scaling their innovative technologies. This program plays a crucial role in the European DeepTech and startup ecosystem by providing financial assistance and strategic support to high-potential companies.

Funding Structure

The EIC Accelerator offers a unique blended finance approach, combining grants and equity investments to cater to the diverse funding needs of innovative companies. The grant component can reach up to €2.5 million, aimed at financing the development of prototype technologies, conducting market entry activities, and facilitating the scaling of businesses. This non-repayable funding allows companies to mitigate risk while advancing their projects.

Additionally, equity funding is available, which has undergone adjustments over time. Until 2024, companies can secure equity investments of up to €15 million, while this amount will decrease to a maximum of €10 million starting in 2025. This dual funding mechanism not only provides immediate financial resources but also enhances the credibility of companies in the eyes of private investors.

Purpose in the Ecosystem

The primary objective of the EIC Accelerator is to bridge the funding gap that often exists for innovative startups, particularly in the DeepTech sector. By offering substantial financial support, the program enables companies to develop groundbreaking technologies, scale their operations, and gain traction in competitive markets. The EIC Accelerator also fosters collaboration between startups and larger corporations, investors, and research institutions, thereby promoting knowledge exchange and innovation diffusion across Europe.

Role in Scaling and Funding

The EIC Accelerator plays a crucial role in helping companies scale by not only providing financial resources but also offering mentorship, networking opportunities, and access to a community of innovators. The program equips companies with essential tools to attract private sector funding, thereby enhancing their ability to leverage additional investments. This increases the chances of successful commercialization of innovative products and services, ultimately contributing to economic growth and job creation within the EU.

Case Study: Treble Technologies ehf

Company Overview
Treble Technologies ehf, based in Iceland, is an exemplary winner of the EIC Accelerator program. The company specializes in developing a revolutionary virtual sound platform known as "Treble," which aims to redefine how sound is experienced and interacted with in digital environments.

Project Overview
The Treble project, submitted to the EIC Accelerator on June 15, 2022, focuses on creating an immersive audio experience that enhances communication, collaboration, and entertainment. The platform integrates advanced sound technologies with intuitive user interfaces, allowing users to experience sound in a spatial and interactive manner.

Technology Background
The core technology behind Treble is rooted in digital signal processing (DSP) and spatial audio techniques. By utilizing algorithms that simulate how humans perceive sound in three-dimensional space, Treble aims to create a virtual environment where sound can be manipulated with precision. This technology facilitates various applications, from virtual reality (VR) and augmented reality (AR) experiences to innovative communication tools for remote collaboration.

Treble’s platform leverages machine learning to adapt soundscapes in real-time based on user interactions, enhancing the overall user experience. The focus on creating a user-friendly interface ensures that users can easily navigate and utilize the platform, regardless of their technical expertise.

The significance of Treble extends beyond entertainment; it has potential applications in education, teleconferencing, and even mental health therapies, where immersive sound environments can aid in relaxation and focus. By winning the EIC Accelerator funding, Treble Technologies ehf is poised to accelerate its development, scale operations, and make a profound impact on how sound is integrated into digital experiences.

In summary, the EIC Accelerator program serves as a vital catalyst for innovative companies like Treble Technologies ehf, providing them with the necessary resources and support to bring cutting-edge technologies to market. Through its blended financing model and strategic guidance, the EIC Accelerator reinforces the European startup ecosystem, nurturing the growth of DeepTech innovations that can transform industries and improve lives.

2 The Funding Rounds

# Treble Technologies: Funding Journey and Growth

Treble Technologies ehf, an Icelandic sound simulation and synthetic audio data company, has established itself as an innovative player in the acoustic technology space since receiving EIC Accelerator funding in 2022. Founded in 2020 by Dr. Finnur Pind and Jesper Pedersen in Reykjavík, Iceland, Treble has developed proprietary sound simulation technology that is significantly faster than existing solutions.

EIC Accelerator Funding

Treble Technologies was among the successful applicants in the European Innovation Council (EIC) Accelerator program, specifically from the June 15, 2022 cut-off. The company secured €2.5 million in funding from the EIC in June 2022. This funding was part of the EIC's efforts to support innovative European startups and SMEs with high growth potential.

The EIC Accelerator program in 2022 had a total budget of €1.167 billion, split between Open calls (€630.9 million) and Challenge calls (€536.9 million). Companies could apply for grants of up to €2.5 million and equity of up to €15 million, with a funding rate of 70% on the grant component.

Funding Timeline and Rounds

Treble's funding journey includes several significant rounds:

October 2021: Raised $2.0 million in early funding with involvement from founders Sigþór Sigmarsson, Börkur Arnviðarsson, and Trausti Kristjansson
June 2022: Received €2.5 million from the European Innovation Council through the EIC Accelerator program
June 2022: Additional €2.5 million investment from the EIC Fund
September 2024: Closed an €11 million Series A funding round led by KOMPAS VC

Series A Funding Details

The Series A round announced in September 2024 represents a significant milestone for Treble Technologies. This funding round of €11 million was led by KOMPAS VC, an early-stage venture capital firm focused on the built environment.

Key Investors

The Series A round included participation from:

KOMPAS VC (Lead investor): A venture capital firm specializing in early-stage investments in innovative technology solutions for the built environment and manufacturing industries
Frumtak Ventures: Iceland's leading venture capital firm
European Innovation Council (EIC) Fund: Continuing their support from the earlier funding
Omega ehf: A venture partner
Strategic Partners: St. Gobain and L-Acoustics
Angel Investors: Various experienced individuals

Use of Funds

Treble has indicated that the Series A investment will be used to:

1. Expand the Treble team

2. Enhance research and development efforts

3. Forge relationships with new enterprise clients

4. Tap into new markets

Company Growth and Market Position

Since its founding in 2020, Treble has made significant strides in the sound simulation technology space. The company launched its cloud-based sound simulation and synthetic audio data generation platform in 2023, powered by proprietary simulation technology that is reportedly more than 100x faster than existing sound simulation solutions.

Within a year of launch, Treble's platform was being used by some of the largest and most prestigious companies in the world within tech, buildings, audio, and automotive industries—including three of the five leading global tech giants and the world's largest engineering consulting firms.

Current Status and Future Outlook

As of 2024, Treble Technologies is positioned as a leading innovator in the audio space, with its sound simulation platform designed to improve acoustics in buildings, cars, tech products, and virtual experiences. With the recent Series A funding, the company is poised for continued growth and expansion into new markets.

The company's mission, as stated by co-founder Dr. Finnur Pind, is "to provide the software tools necessary to make the world a better sounding and less noisy place," which they believe will "significantly improve health, well-being and productivity across the globe, and enhance people's abilities to connect with one another".

No information about company valuation, exit events like IPOs or acquisitions was found in the available search results.

Sources: - https://saopaulo.dealroom.co/companies/treble_1_4

https://app.dealroom.co/companies/treble_1_4
https://www.lira.ltd/eic-accelerator/eic-accelerator-2022-report-web/
https://www.thesaasnews.com/news/treble-secures-11-million-in-series-a
https://www.treble.tech/insights/11m-series-a-fundraising
https://lavnch.com/lavnchcode/treble-technologies-closes-e11m-series-a-round/

3 The Press Releases

Overview of Treble Technologies

Treble Technologies, an Icelandic company, is a notable recipient of the European Innovation Council (EIC) Accelerator funding. The company specializes in next-generation sound simulation and synthetic audio data generation technology. Since receiving the EIC funding in June 2022, Treble Technologies has made significant advancements in its technology and business development.

Technology Advancements

Treble Technologies has developed a cloud-based sound simulation platform that is more than 100 times faster than existing solutions. This technology allows for the creation of more immersive and realistic soundscapes, catering to industries such as tech, buildings, audio, and automotive. The company's focus is not only on enhancing real-world environments but also on improving sound experiences in virtual worlds, including the metaverse.

Funding and Partnerships

In addition to the EIC funding, Treble Technologies secured €8 million in funding, including €5.5 million in seed funding and a €2.5 million grant from the EIC. This funding was led by Frumtak Ventures, with participation from NOVA, the venture arm of Saint-Gobain. More recently, Treble Technologies raised €11 million in a Series A round led by KOMPAS VC, with participation from strategic partners like St. Gobain and L-Acoustics.

Team and Mission

The company was founded in 2020 by acoustic engineers Dr. Finnur Pind and Jesper Pedersen. Treble Technologies aims to make the world a better-sounding place, improving health, well-being, and productivity through its innovative audio solutions. The team has collaborated with prominent architectural firms like Henning Larsen Architects and BIG Architects to integrate sound into building design processes.

Press Releases and Updates

Treble Technologies often shares updates and press releases on its funding announcements and technology advancements. For example, the company announced its Series A funding round, highlighting its growth and plans to expand its team and R&D efforts. Press releases typically include statements from the founders and investors, emphasizing the impact of Treble's technology on various industries.

Sources

4 The Technology Advancements

Treble Technologies' Post-EIC Accelerator Advancements and Market Impact

Since receiving EIC Accelerator funding in mid-2022, Treble Technologies ehf has made significant strides in acoustic simulation technology, market expansion, and strategic partnerships. Below is a detailed overview of their progress:

Technological Advancements

Cloud SDK Launch: In October 2023, Treble launched a cloud-based software development kit (SDK) enabling synthetic audio data generation and wave-based acoustic simulations. The SDK allows developers to integrate Treble’s technology into AI training workflows, hardware prototyping (e.g., headphones, speakers), and architectural acoustics design.
Performance Improvements: Their proprietary hybrid solver performs wave-based simulations up to 100–1,000x faster than conventional methods, addressing low-frequency diffraction and phase effects with unprecedented accuracy.
Strategic R&D: The company expanded its R&D team following an €11M Series A funding round in September 2024, led by KOMPAS VC and supported by the EIC Fund. This investment aims to enhance computational efficiency and scalability.

Market Demonstrations & Partnerships

Customer Base: Treble’s platform is now used by three of the world’s five largest tech firms (unnamed) as well as leading engineering consultancies like Arup for large-scale architectural projects.
ISE 2025 Participation: Treble showcased its technology at ISE 2025 alongside L-Acoustics, demonstrating immersive sound system optimization for venues like the HYRISS showroom.
Webinars & Case Studies: Collaborated with L-Acoustics on technical webinars featuring case studies of adaptive acoustics implementations in real-world projects.

Intellectual Property & Publications

While no specific patents or whitepapers are explicitly cited in available materials since mid-2022:

Their core innovation lies in proprietary algorithms for accelerated wave equation solving—a likely patent-protected area given its benchmarked performance gains.
Publicly shared technical insights focus on practical applications (e.g., webinar demonstrations) rather than academic publications.

Sources Used:

-L-Acoustics and Treble Technologies Announce Strategic Partnership -Treble Closes €11M Series A Round -Treble Launches Cloud SDK -TechFundingNews Coverage -Høiberg Case Study

5 The Partnerships and Customers

Treble Technologies ehf: Partnerships, Customers, and Strategic Relationships

Treble Technologies ehf, an Icelandic sound simulation technology company, has significantly expanded its partnerships and customer base since its involvement with the EIC Accelerator funding. Founded in 2020 by Dr. Finnur Pind and Jesper Pedersen, Treble is recognized for its innovative sound simulation and synthetic audio data generation technologies.

Partners and Customers

Strategic Partners:

L-Acoustics: Treble Technologies has forged a strategic partnership with L-Acoustics, a leading professional audio company. This collaboration aims to transform the design and optimization of sound experiences by combining L-Acoustics' sound system expertise with Treble's breakthrough acoustic modeling technology.
St. Gobain: A strategic partner that participated in Treble's Series A funding round, indicating a commitment to integrating innovative technologies into the built environment.
KOMPAS VC, Frumtak Ventures, European Innovation Council (EIC) Fund, Omega ehf, and Angel Investors: These entities have provided significant financial support and strategic guidance, enabling Treble to expand its operations and technological advancements.

Notable Customers:

BIG Architects, COWI, Henning Larsen Architects: These architectural and engineering firms have partnered with Treble to leverage its sound simulation software for better acoustical design in buildings and urban spaces.
Three of the five leading global tech giants and the world’s largest engineering consulting firms: Treble's technology is utilized across various industries, including tech, audio, and automotive.

Nature of New Relationships

The strategic partnership with L-Acoustics highlights Treble's commitment to advancing sound design and optimization. This collaboration allows for faster and more accurate acoustic simulations, enabling partners to analyze sound behavior more efficiently. The partnership positions Treble as a leader in acoustic design, leveraging L-Acoustics' expertise to enhance sound experiences worldwide.

Market Positioning and Technology Advancements

These partnerships and customer associations significantly enhance Treble's market presence by:

Scaling Operations: The Series A funding and strategic partnerships enable Treble to expand its team, enhance R&D efforts, and tap into new markets.
Technological Advancements: Treble's wave-based simulation technology, integrated with L-Acoustics' expertise, accelerates the development of more precise and efficient sound design tools. This collaboration accelerates the adoption of virtual prototyping and synthetic data in the audio industry.
Market Expansion: Treble is targeting sectors such as automotive, gaming, and the metaverse to bring immersive audio experiences to new and existing clients.

The strategic relationships will continue to propel Treble Technologies as a pioneer in sound simulation and synthetic audio data generation, enhancing its technological capabilities while expanding its market reach.

Sources: - Funding announcement: Treble closes €11M Series A round

6 The Hiring and Company Growth

Treble Technologies: Growth and Developments Since EIC Accelerator Funding

Treble Technologies, an Icelandic company specializing in sound simulation and spatial audio technology, won the EIC Accelerator funding in June 2022. Since then, the company has experienced significant growth and developments.

Current Headcount and Team Size

As of September 2024, Treble Technologies employs approximately 35 people. This represents a notable increase from the 24 employees reported in December 2022, indicating substantial team growth.

Hiring Status

While there is no explicit mention of current job openings, the recent €11 million Series A funding round indicates plans for further expansion and recruitment to enhance R&D efforts and enter new markets.

Growth and Expansion

Treble Technologies has grown both in terms of team size and funding since receiving the EIC Accelerator funding. The company successfully raised €8 million in late 2022 to support its launch in 2023, followed by an €11 million Series A round in September 2024. This funding has been crucial for expanding the team, enhancing research and development, and forging new enterprise partnerships.

Key Positions and Recent Hiring

While specific key positions recently hired are not detailed, the expansion of the team includes enhancing R&D capabilities and expanding into new markets. This suggests that Treble may be focusing on hiring talent in areas such as software development, acoustics, and business development to support its growth.

Impact on Company Future

New team members will play a pivotal role in helping Treble scale and grow by contributing to the development of its cutting-edge sound simulation technology. This technology aims to enhance the audio experience in built environments, which is increasingly recognized as crucial for wellbeing and productivity. With its world-leading wave-based sound simulation technology, Treble is poised to become a major player in the global audio tech industry.

Management and Founding Team Changes

There are no reported major changes in the management or founding team at Treble Technologies since the EIC Accelerator funding. The company continues to be led by its founders, Dr. Finnur Pind and Jesper Pedersen, along with other co-founders and a strong board of directors.

Sources: - Treble Tech

7 The Media Features and Publications

Treble Technologies: A Leader in Sound Simulation

Treble Technologies, founded in early 2020 by Dr. Finnur Pind and Jesper Pedersen, is based in Reykjavík, Iceland. The company specializes in developing next-generation sound simulation and spatial audio technology for digital twins and virtual worlds. After receiving funding through the EIC Accelerator in June 2022, Treble Technologies has continued to innovate and expand its influence in the sound simulation industry.

Media Features and Publications

Treble Technologies has been featured in several publications, including The Next Web and Tech.eu, highlighting its groundbreaking sound simulation technology and its impact on various industries such as architecture, automotive, and consumer electronics. The company's technology is noted for being significantly faster and more accurate than existing solutions, allowing it to simulate sounds in buildings and other structures with unprecedented precision.

Content from Publications

Publications have emphasized Treble Technologies' mission to improve sound quality in both physical and virtual environments. The company's technology is seen as crucial for enhancing well-being and productivity by reducing noise pollution and ensuring better acoustic standards in buildings. Treble Technologies has also collaborated with prominent architectural firms like Henning Larsen Architects and BIG Architects to integrate sound simulations into their design processes, resulting in more sustainable and healthy buildings.

Podcasts and Interviews

The company has participated in the High Point podcast, where Dr. Finnur Pind discussed Treble Technologies' journey from inception to revolutionizing sound simulation. The conversation covered the company's technology, its applications, and future goals.

Conference and Fair Visits

Treble Technologies has been involved in significant industry events. For instance, it was a winner at the Slush New Nordic Pitch, showcasing its innovative sound simulation solutions. The company's participation in such events highlights its commitment to advancing the field of sound simulation and spatial audio.

Involvement in Events

Treble Technologies' involvement in events is part of its broader strategy to expand its network and showcase its technology. By participating in conferences and fairs, the company aims to collaborate with new enterprise clients and further develop its software capabilities across various sectors.

Sources: - Treble tech

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