July 2, 2019
The daily brief: 2 July 2019
CupOfTherapy continues to spread the word on wellbeing and mental health with new book publishing deals in Asia.
All the daily Finnish business news that works: Redhill Games, Bittium, CupOfTherapy and Nokia subsidiary SAC Wireless make headlines.
Finnish studio Redhill Games has raised substantial funding ahead of its first game release, CupOfTherapy has secured new book deals in Asia, Nokia subsidiary SAC Wireless is training veterans as 5G cell tower crews in the US, and Bittium’s wearable stress monitoring device has won an innovation award.
Finnish game studio Redhill Games has raised 11.4 million US dollars (approx. 10.1 million euros) in its first funding round. The round was led by Makers Fund and Play Ventures, and also included Kowloon Nights. The Helsinki-based studio was founded in 2018 by former Remedy CEO Matias Myllyrinne together with executives from Wargaming. Redhill Games will use the raised capital to hire staff and further develop its first title, a tactical shooter game expected to be revealed in 2020.
Finnish wellbeing and mental health startup CupOfTherapy has secured new publishing contracts for its book in Hong Kong, Taiwan, Korea and Mainland China. Japanese lifestyle chain MUJI has previously published the book in Japan, paving the way for the newly announced deals in Asia. The book is made up of animal illustrations and thoughtful texts dealing with mental wellbeing. The CupOfTherapy brand was created by illustrator Matti Pikkujämsä together with psychotherapy professionals Antti Ervasti and Elina Rehmonen.
While Finnish telecommunications company Nokia is working with operators to put 5G network infrastructure in place in the US, its subsidiary SAC Wireless is offering military veterans extensive, safety-focused training for tower-climbing jobs. Once the veterans have completed the training, they will re-enter the workforce with cutting-edge skills used to deploy 5G in the US. Military veterans remain proportionally the highest unemployed segment of the US population.
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Finnish wireless engineering company Bittium has been awarded as one of five winners in the Transform the Future of Self-Care innovation contest organised by the GlaxoSmithKline (GSK) Consumer Healthcare. Equipped with Philips’ EmoGraphy and VitalSigns Optical technologies, Bittium’s winning solution is a wearable device that calculates stress levels by measuring cortisol contribution from skin conductance. The device also monitors heart rate and provides predictions of a person’s future stress level an hour ahead.