December 19, 2019
The daily brief: 19 December 2019
Helsinki-based startup Speechly has raised two million euros in seed funding.
All the daily Finnish business news that works: Konecranes, Metso, Speechly and Finnish short films make headlines.
Konecranes wins a big order from the US Navy, three Finnish shorts head to France, Metso‘s valve business expands in Europe, and Speechly raises fresh coin.
Finnish company Konecranes will deliver a 175-ton portal jib crane to the US Navy’s Puget Sound Naval Shipyard in Washington, the US. The order is worth 46 million US dollars (approx. 41.3 million euros) and includes an option for six additional cranes over the next seven years, which, if exercised, would raise the total value to 330 million US dollars (around 296 million euros).
Three Finnish short films have made it to the world’s biggest festival dedicated to the film format, the Clermont-Ferrand International Short Film Festival, to be organised in France in early 2020. Pia Andell’s The Match (Matchen) will compete in the festival’s international competition, while Anna Paavilainen’s Two Bodies on a Beach (Kaksi ruumista rannalla) and Sevgi Eker’s 49 Years from the House on the Left will compete in the experimental competition.
Metso’s valve business, future Neles Corporation, will establish new service centres in Portugal and France to increase its valve service capabilities and market presence. The centres offer valve repair services and predictive maintenance services to help clients to improve plant safety. Future Neles has also signed a distribution deal with Axel Larsson Maskinaffär in Sweden to expand the coverage of its valve offering.
Finnish startup Speechly has raised two million euros in a seed funding round led by Berlin-based Cherry Ventures, with participation from Seedcamp, Quantum Angels, Joyance Partners, Social Starts, Tiny.vc, Juha Paananen and Nicolas Dessaigne. Speechly will use the funding to further develop its interface for spoken language understanding, which developers can use to create voice-enabled applications. The startup has developed its own proprietary speech recognition technology to enable voice applications to better understand users expressing complex intents.
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