Collo Secures €5M Funding to Enhance IoT Analyzers

Collo Secures €5 Million Funding for IoT Analysers in Industrial Liquid Processes

Finnish tech company Collo has successfully secured a growth funding of €5 million to advance its IoT analysers tailored for optimizing industrial liquid processes. These cutting-edge analysers have the capability to rapidly characterize any type of liquid, enabling real-time and continuous measurement for companies in the food and beverage industry. The technology empowers these companies to effectively manage and optimize their production flows, leading to savings in raw materials, water, and a reduction in CO2 emissions and waste.

Key Takeaways

• Collo has secured €5 million in growth funding for IoT analysers to revolutionize industrial liquid processes.
• These IoT analysers have the capacity to significantly reduce annual raw milk losses for a typical mid-sized dairy plant by up to 8 million litres, resulting in potential savings of up to 11 million kilos of CO2 and 35 million litres of clean water.
• The versatility of Collo's sensor allows it to be compatible with any liquid within the plant, offering valuable insights through analytics and machine learning, streamlining plant management processes.
• Global industry leaders like Fonterra, Danone, and Valio are already leveraging Collo's technology to enhance operational efficiency.

Analysis

Collo’s latest funding round signifies a significant leap in IoT innovations for optimizing industrial liquid processes, particularly benefiting major players in the food and beverage sector. The impact of this technology is evident through substantial reductions in raw material waste, water consumption, and CO2 emissions, thereby aligning with global sustainability objectives. Notably, the backing from investors like SEB Greentech Venture Capital and FORWARD.one reflects the recognition of the cost-effective yet high-precision solution provided by Collo. This growth trajectory not only enhances industry efficiency in the short term but also positions Finland as an influential leader in sustainable technology, consequently influencing global manufacturing practices.

Did You Know?

• IoT Analysers:
  • IoT analysers are internet-connected devices equipped with sensors that collect and analyze data from industrial processes. In the specific context of Collo's technology, these analysers are tailored to monitor and optimize liquid processes in industries such as food and beverage, providing real-time data to improve efficiency and sustainability.
• Clean-in-Place (CIP):
  • Clean-in-Place is a vital method within the food and beverage industry for cleaning interior surfaces without requiring disassembly. Collo's analysers play a crucial role in optimizing CIP processes by delivering precise data on cleaning effectiveness and resource usage.
• Net Zero by 2050:
  • The goal of achieving "net zero" emissions by 2050 involves balancing the amount of greenhouse gas emissions produced with the amount removed from the atmosphere. This target is embraced by companies and governments worldwide to mitigate the impacts of climate change, and Collo's technology plays a pivotal role in supporting this goal through the reduction of carbon footprint and water usage in production processes.