October 29, 2020

DAILY BRIEF: Real estate, playful education, industry, air quality and supercomputers

Light apartment with a city view.
Kodit.io innovates with the way we buy homes.

All the daily Finnish business news that works: Kodit.io, Kide Science, Metso Outotec, University of Helsinki and the LUMI supercomputer make headlines.

Kide Science enters India, Kodit.io raises significant coin, Metso Outotec wins an order in China, the University of Helsinki collects reliable air quality data, and the world’s fastest supercomputer, LUMI, will be built in Finland.

Kide Science starts first collaboration in India

Boy looking through a stick construction

Finnish early-childhood science education company Kide Science has started its first co-operation in India with SSVM Institutions. The co-operation will see early years teachers train with Kide Science’s online platform and the remote lessons for 3–6-year-old students start in November. Kide Science has created a playful approach supported by rigorous academic research that uses storytelling and hands-on science experiments to develop young children’s scientific thinking skills. To really catch the children’s imagination, the remote lessons will be carried out by drama teachers.

Kide Science

Kodit.io secures EUR 100 million in additional funding

Four people standing on a rooftop

Finnish real estate startup Kodit.io has raised 100 million euros in a combination of equity and debt in a round led by leading Nordic real estate investor NREP. The capital will go towards financing new home purchases for Kodit.io’s real estate portfolio. Founded in 2017, Kodit.io has grown into Europe’s leading instant home buyer startup, with operations in Finland, Spain and Poland. The technology-focused startup first built an AI-powered real estate platform to give home sellers instant cash offers and offer buyers move-in ready homes. Now it has launched a tech-driven real estate brokerage and is expanding its service offering with the aim of becoming a one-stop shop for all housing needs.

Juho Kuva

Metso Outotec wins plant order in China

Industrial plant

Metso Outotec will deliver new environmentally sound technology to Zenith’s (Zhong Tian) iron ore pelletising plant to be built in Nantong, China. The Finnish company signed the agreement with Beijing Shougang International Engineering Technology. With the production set to start by the end of 2021, the plant will be the fifth large iron ore pelletising plant to be delivered in China by Metso Outotec.

Metso Outotec

University of Helsinki method measures air quality reliably

Helsinki from above

Researchers at the University of Helsinki in Finland have developed a technique for producing accurate data on air quality in urban regions with simple and inexpensive measuring equipment, potentially improving the availability of such data around the world. Reliable air quality data is invaluable in, for example, urban planning and mitigating the adverse effects of air pollution, which is found to cause millions of deaths every year worldwide. Read more about the innovation in our article by clicking the headline.

Helsinki Marketing

World-leading supercomputer LUMI to be built in Finland

Sketch of a snow white building

The European High Performance Computing Joint Undertaking (EuroHPC JU) has invested 144.5 million euros to assemble a supercomputer called LUMI (Large Unified Modern Infrastructure) in Kajaani, Finland, to raise European competitiveness and research to a new level. Once its becomes operational in mid-2021, LUMI will surpass the current fastest supercomputer, Japan’s Fugaku. Check out our full article by clicking the headline.


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