Collo, a Tampere, Finland-based technology company offering IoT analyzers for optimizing industrial liquid processes, raised €5M in funding.
The round was led by SEB Greentech Venture Capital and FORWARD.one, and joined by an existing investor Scale Capital.
The company intends to use the funds to expand its solution globally.
Led by CEO Matti Järveläinen, Collo is a liquid process performance solution for industrial use. Its analyzer can quickly characterize any type of liquid. The system, which combines with analytics and machine learning, offers food and beverage companies continuous, real-time measurement, enabling them to control and optimize their production flows better, saving raw materials and water, and reducing CO2 and waste production.
The novel sensor technology was pioneered at Tampere University and developed and commercialized by ColloidTek Ltd, .
Customers include Fonterra, Danone, E&J Gallo, Fazer, Valio, Ecolab, ABB, Siemens, and Procter & Gamble.
FinSMEs
13/08/2024