June 10, 2020
DAILY BRIEF: Attractive websites, geothermal heating, design award, industry and critical metals
Attractive.ai's CEO Kristoffer Lawson is blazing a trail again.
All the daily Finnish business news that works: QHeat, Planmeca, Valmet, Attractive.ai and VTT make headlines.
QHeat is financed for its groundbreaking heating tech, Planmeca wins a world-renowned design award, Valmet supplies solutions to industry worldwide, Attractive.ai attracts seed funding with the UX assistant Poe, and VTT tackles EU’s critical metals deficiency.
Finnish company Quantitative Heat (QHeat) has raised 2.5 million euros in its first financing round, launched to develop its technology focused on medium-deep geothermal energy. Auris Energiaratkaisut (AER) and an investor group led by Valve Ventures participated in the financing. Finland’s first deep geothermal well was built by QHeat and put into use in Koskelo, Espoo, in January 2020. Vantaan Energia has now also announced it will build a geothermal heating plant utilising QHeat’s nearly emission-free solution in Varisto, Vantaa. The plant’s heat will be directed to the city’s district heating network and sold to customers interested in the groundbreaking heating solution.
Finnish dental equipment manufacturer Planmeca’s dental imaging software Romexis 6.0 has been granted a Golden A’ Design Award in the Interface and Interaction Design category by the International Design Academy. The strength of the software is that it allows capturing, viewing and processing all types of imaging data, including X-rays, 3D images, photos and videos, in a single system. The software features a redesigned user interface that puts the user in charge with a customisable look and range of tools designed to make workflows more efficient. A’ Design Award & Competition is the world’s largest annual juried design competition that highlights good design, designers and design oriented companies.
Finnish company Valmet has landed orders in Scotland, Austria and China. The company will supply automation to a gas clean-up system at Viridor’s Dunbar Landfill in East Lothian, Scotland, the UK. The first-of-its-kind system captures CO2 emissions and transforms landfill gas into transport fuel. Valmet will also supply a complete steam boiler plant to Norske Skog’s paper mill in Bruck an der Mur, Austria. The value of the order is approximately 40 million euros. Finally, Valmet will supply cooking and fibreline to Guangxi Sun Paper’s new pulp mill in Beihai, China.
Finnish startup Attractive.ai has raised one million US dollars in a seed round led by Finnish venture capital firm Superhero Capital, with participation from angel investors Tue Lumbye, Jaakko Salminen, Tatsuro Shimada and Japanese footballer Keisuke Honda. Attractive.ai analyses the user experience (UX) of websites without any users by simulating human interaction. Its virtual assistant, Poe, contains decades worth of UX knowledge and gives website customers alerts and advice on all aspects of the online experience, including navigation, engagement, language, layout and accessibility.
A VTT Technical Research Centre of Finland-coordinated EU project has demonstrated that critical and economically significant metals such as cobalt, nickel and zinc can be recovered profitably from low-grade ores and metal refining waste. Read our full report by clicking the headline.
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