Helsinki-based CollectiveCrunch gets €500K from European Space Agency to expand its forestry tech
Summary
The Finnish-German startup CollectiveCrunch has received €500K funding from the European Space Agency (ESA) to further develop its one-of-a-kind AI, Linda Forest, and bring its service to new markets. ESA will contribute 50% of the overall cost, as the total volume of the project is close to €1 million. Probably one of the largest AI initiatives in this sector, CollectiveCrunch has the potential to become the “Google Maps” of the forestry industry, handling the forests in a much more sustainable and dynamic way. 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.