Press release
European Space Agency co-funds a EUR 1M project combining AI and satellite data for modernizing forestry
Espoo, March 23, 2020The Finnish-German startup CollectiveCrunch will use the funding to further develop its one-of-a-kind AI, Linda Forest, and bring its service to new markets.
The European Space Agency (ESA) has confirmed that it will co-fund a demonstration project of CollectiveCrunch, the Finnish-German leader in AI for the forest industry. ESA will contribute 50% of the overall cost. The total volume of the project is close to EUR1 million.
The funding will be used to further develop and pilot the Linda Forest platform for forest inventories and key aspects of forest planning, investment and management, bringing new AI-based tools to both buyers and sellers of wood and forest lands. The company already has several high-profile customers in Finland, Sweden and the Baltics and interest from Central Europe, Russia and North America.
"This project is a major step in our development of becoming the AI leader in forestry, bringing new features to market and expanding into new markets," says Rolf Schmitz, CEO and Co-founder of CollectiveCrunch.
The funding was granted by ESA's Business Applications that supports companies to integrate space data or technology into commercial services.
"CollectiveCrunch's solution Linda Forest will help the forest industry to optimize forest management and contributes to more efficient use of natural resources. The mix of data sources like satellite Earth observation data or airborne laser scan and the integration of harvester data for calibration will further assure the quality of this AI-based solution for forestry," says Antje Vogel, Applications Engineer at ESA Business Applications.
CollectiveCrunch has previously received funds and support from Business Finland and the Finnish ESA Business Incubation Center.
Contact ESA: Natasha Wheatley, natasha.wheatley@esa.int, +44 1235 444 353
Contact CollectiveCrunch: Rolf Schmitz, rs@collectivecrunch.com, +49 151 1972 6650
CollectiveCrunch Oy
Rolf Schmitz
Otakaari 5
02150 Espoo
Finland
rs@collectivecrunch.com
ESA's Business Applications and Space Solutions co-funds projects and start-ups while offering technical and business support to companies that seek to deliver rapid innovation and raise private investment. From international transport to rural education, ESA Business Applications has enabled data from satellites to transform businesses on Earth.
Collective Crunch is an AI leader in the forestry industry. The startup collects climate, geo and process data and crunch this information into AI models for better prediction of forest inventories and forest management parameters. The product of CollectiveCrunch is called Linda Forest and is delivered via a SaaS platform.
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