European Space Agency co-funds a EUR 1M project combining AI and satellite data for modernizing forestry
The 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.
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, email@example.com, +44 1235 444 353
Contact CollectiveCrunch: Rolf Schmitz, firstname.lastname@example.org, +49 151 1972 6650
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release European Space Agency co-funds a EUR 1M project combining AI and satellite data for modernizing forestry here
News-ID: 1978719 • Views: 321
More Releases from CollectiveCrunch Oy
Forestry AI developer CollectiveCrunch completes EUR450,000 funding round
Espoo, May 19, 2020 The funding will allow CollectiveCrunch to accelerate international expansion and support customer deployments. The company's AI-powered Linda Forest platform combines satellite and harvester data with several other data sources for accurate assessment, management and prediction of forest inventory. The platform is meeting increasing interest in the Nordic and Baltic markets and beyond. The EUR450K funding round for the Finnish-German startup was widely supported by existing shareholders, with Thominvest
AI platform Linda Forest can soon predict where to find the right quality of tim …
The more Koskitukki provides Linda Forest with data on past purchases, the better the AI will become at predicting where to find, for example, timber with low branchiness. Sawmill wood procurement company Koskitukki will be the first company in Finland to allow Linda Forest to analyze qualitative timber data. Linda Forest is an AI-powered SaaS platform developed by Collective Crunch. CollectiveCrunch and Koskitukki started collaboration in the fall of 2019. “Koskitukki wants
CollectiveCrunch launches Linda Forest, an AI-powered SAAS Platform for Forestry
HELSINKI, Finland (September 19, 2019) – Tech company CollectiveCrunch has launched its ground-breaking forestry AI platform Linda Forest for commercial use. The launch took place at the Digital Excellence Forum, an EU event on digitalization, held in Helsinki on September 19, 2019. "Digital Excellence Forum is about digitalization and its forerunners in every industry. It felt like a natural place for us to launch the leading AI product in forest inventories
CollectiveCrunch and Terramonitor Announce Strategic Partnership
HELSINKI, Finland (August 14th, 2019) CollectiveCrunch and Terramonitor are tech startups that utilize satellite data among other things to help gaining new insights for forestry industry as well as GIS professionals. So we’re competing, right? Well, no. Looking under our respective technology hoods we realized that some of what we do is actually complementary. Terramonitor specializes in optical satellite data and is a market leader in preprocessing such data for professional
More Releases for Collective
Dyslipidemia drugs Market - Dominant collective share 2025 | AstraZeneca, Aegeri …
Global Dyslipidemia Drugs Market: Snapshot Dyslipidemia is a cardiovascular condition comprising of changes in the amount of lipids in the blood. Dyslipidemia can show as either absence of or abundance of lipids in blood; hyperlipidemia, the state of having overabundance lipids in the blood, is probably going to hold the major share in the global dyslipidemia drugs market in the within the forecast period. Various issues related with dietary habits and
The Dopamine Collective Photography Exhibition
The Dopamine Collective Photography Exhibition Join us for inspiring Artist Talks, viewing the exhibition, and Reception. The Dopamine Collective is a diverse group of inquiring minds that want to use their backgrounds in science to explore the philosophy of art and art making. Each member specializes in a different analytical field, and uses that background and process to create their work. They state: “We are non-artists performing a series of experiments,
BAG on collective redundancies and consultation process
If the works council no longer indicates a willingness to continue negotiations to prevent collective redundancies, the employer can consider the consultation process pursuant to sec 17(2) of the Kündigungsschutzgesetz (KSchG) [German Employment Protection Act] to have come to an end. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: According to employment law, the employer is obligated to consult the works
Moonshiner Collective Releases Debut Album
Dan Curcio, formerly of Still Time, is redefining band structure with his indie music project Moonshiner Collective. Designed to be a revolving door of creative perspectives, it rotates talented musicians in and out, with Curcio’s signature lyrics and vocals as the backbone. The result? A beautiful, collaborative reminder that sometimes the answer is to just “Let Go.” Moonshiner Collective’s first album “Let Go” is an indie folk rock record infused with
Insider Learning Network Gives SAP Users Access to Collective Intelligence
insiderPROFILES Publishes New Article — “Insider Learning Network Gives SAP Users Access to Collective Intelligence” DEDHAM, Mass — insiderPROFILES magazine announces that a new article, “Insider Learning Network Gives SAP Users Access to Collective Intelligence,” is now available in its October-December 2011 issue. SAP customers often need to look outside of their own company to gain advice on the best ways to leverage their software. However, looking for specific advice on
Collective Compulsions: the winter group show
Two shows exploring how compulsion can be transformed from a private coping mechanism to deal with a maddeningly repetitive world, into transcendent works of art to be shared. Artist Reception Saturday, January 17th, 4-7pm; Show Runs January 8th through February 21st, 2009 Johansson Projects presents 2 art exhibitions. Collective Compulsions: the winter group show and a solo exploration by Zach Houston in the back gallery. When we are faced with intricate