Umbra is acquired by Amazon, University of Oulu researchers win an award in Europe, Valmet secures a significant EIB loan, Critical Force raises over eight million euros, MRP Matila Röhr Productions signs an exclusive deal with Nordisk Film, and our Five From Finland series looks at Finnish solutions that prevent bullying. Click on the headlines for more in-depth information about each piece of news.
Technology giant Amazon has acquired Finnish software company Umbra, which has developed 3D modelling technology used in some of the world’s largest game franchises, including Call of Duty, Witcher and Destiny. Umbra’s advanced technology also has a key role in the emerging virtual reality (VR) and artificial reality (AR) spaces, as well as in mapping applications, simulations and architectural designs, by making it possible to create highly detailed 3D models of buildings and cities. The acquisition price has not been disclosed. Image: Umbra
A research group from the University of Oulu has been awarded the EuMC Microwave Prize for the best contributed paper to the European Microwave Conference, the primary conference on microwave, millimetre-wave and terahertz devices, systems and technologies in Europe. The researchers working on 6G technology have developed a method for integrating transmit and receive amplifiers in a very compact 5G radio antenna front-end module, something that is integral for efficient 5G systems. The method will also be trialled and validated for future 6G systems. Image: University of Oulu
The European Investment Bank (EIB) has signed a 100 million-euro loan agreement with Valmet, a Finnish provider of technologies, automation and services for the pulp, paper and energy industries. The financing will support Valmet’s research and development investments in pulp and fibre technologies, tissue mills, energy production, biofuels and biomaterials that are expected to bring positive environmental impacts to its customers and the industries at large. The development work will be carried out at its sites in Finland and Sweden. Image: Valmet
Finnish mobile game developer Critical Force has received 10 million US dollars (approx. 8.3 million euros) in funding from an undisclosed investor. The funding will allow it to develop new games, grow its 55-strong team and further develop its hit title, Critical Ops, which has been downloaded over 90 million times to date. The game studio’s CEO, Veli-Pekka Piirainen, revealed to Yle that he met representatives of the investor at a leading game industry conference some four years ago and that the investor brings with it game industry knowledge and a global partner network. Image: Critical Force
MRP Matila Röhr Productions has signed an exclusive development and distribution deal with Nordisk Film for its upcoming feature films in the Nordic region and its library of 43 titles in Scandinavia. Launched 30 years ago by Finnish film industry veterans Marko Röhr and Ilkka Matila, MRP has a number of films in development, including drama-comedy Hamsters, World War II drama Never Alone and animation Malcolm Rocks. Matila is currently also working on Urho, a biopic of Finland’s former President and one of the most prominent politicians in Finnish history Urho Kaleva Kekkonen. Image: MRP / Facebook
In our weekly Five From Finland series, we take a look at Finnish solutions that prevent bullying in the physical world, as well as online. The companies behind these solutions, which can be used on social media, in the classroom, to protect brands and in any language, are SomeBuddy, Mightifier, KiVa, BrandBastion and Utopia Analytics. Check out the article by clicking the headline. Image: Mightifier