Celerway and the EIC Accelerator: An Office Network in Your Pocket

Teams working outside the office, from emergency services to film crews, depend on mobile networks that can drop out. Celerway, an Oslo company founded in 2012, builds devices that put network connectivity, security and computing on one box for teams on the move, which it now calls the Celerway Edge Foundation.

The European Innovation Council granted €2,439,500 towards a €3.49 million project, Celerway GO mini, to put "your office network in your pocket". The project ended in April 2024 after pilots with 15 testers. According to its accounts in the Brønnøysund Register, Celerway had operating revenue of NOK 18.3 million in 2025 and a net loss of NOK 40.8 million, with eight employees.

Where Celerway Stands Today

Celerway's website presents the Edge Foundation for enterprise security "beyond enterprise walls", managed connectivity for pop-up sites, and connected frontline work such as body-worn cameras for police, and says "the world's leading technology companies are already building on it", without naming them. Its 2025 accounts show NOK 18.3 million of revenue, a loss of NOK 40.8 million and equity of NOK 32.1 million at year end.

The Technology: Many Links, One Connection

Celerway's technology comes from software-defined wide-area networking (SD-WAN), and GO mini was meant to make it pocket-sized. According to the CORDIS report, the project engaged "15 pilot testers using the GO mini in different use case scenarios" on several continents, gathered feedback from "more than 70 global leaders", and widened its target from the SD-WAN market to edge computing.

What the EIC Project Promised, and What CORDIS Shows

The project promised "your office network in your pocket". CORDIS reports development and validation with pilot users but no units shipped, customers or revenue. The GO mini name does not appear on Celerway's current home page, which markets the broader Edge Foundation platform.

1. A pocket-sized deviceDeliveredGO mini piloted.
2. Market validationDelivered15 pilot testers.
3. Commercial scaleNot shownNo units or customers published.
4. A profitable businessMissedNOK 40.8M loss in 2025.

What Has Happened Since the Award

The Money

The EIC award was grant only. Celerway's investors are not named on its website, but its rounds have been reported: NOK 15 million in August 2023 from Futurum Ventures and two private investors, according to Nordic9, and more than NOK 40 million in June 2025 led by the Swedish deeptech fund Fairpoint Capital with the existing investor Idékapital, according to Mainsights, to expand internationally, including into defence, as the company moved "from EU project funding to commercial growth". Its 2025 accounts show it lost more than twice its revenue, but it still had positive equity of NOK 32.1 million at year end.

Why Europe Should Care

Resilient, secure connectivity for police, emergency services and government matters to public bodies as well as companies, and Celerway is a European supplier in that space. The EIC grant helped it develop a portable product. Whether the business is sustainable is not yet clear from its accounts.

The Verdict

Celerway has not been asked for comment for this article. It is based entirely on company statements, EU project data and the Norwegian company register, linked throughout.