Collo, a Finnish technology company specializing in IoT analyzers for optimizing industrial liquid processes, has recently secured a significant growth funding of €5 million. This funding is a testament to the growing demand for innovative solutions that can revolutionize the way liquid processes are managed in various industries, particularly in the food and beverage sector.
One of the key offerings from Collo is their advanced analyzer that can quickly characterize any type of liquid. This tool provides food and beverage companies with continuous, real-time measurement capabilities, allowing them to better control and optimize their production flows. By leveraging this technology, companies can save valuable raw materials and water, while also reducing CO2 emissions and waste production.
To put the impact of Collo’s analyzer into perspective, consider the example of a mid-sized dairy plant. Without inline process control, such a plant could lose up to 8 million liters of raw milk annually. However, by implementing Collo’s analyzer, these dairies can significantly reduce these losses, leading to savings of up to 11 million kilos of CO2 emissions and 35 million liters of clean water.
What sets Collo’s technology apart is its compatibility with any liquid in the plant, eliminating the need for multiple traditional sensors. Additionally, its advanced analytics and machine learning capabilities go beyond simple measurement data, providing actionable insights for plant management. This empowers food and beverage industry operators to streamline their processes without the hassle of maintaining sensors or interpreting raw data.
According to Matti Järveläinen, co-founder and CEO of Collo, the global food and beverage industry is undergoing a significant transformation driven by factors such as climate change, sustainable operations, and environmental regulations. Major industry players have set ambitious goals to reduce emissions and achieve net-zero targets in the coming years. Collo’s technology aligns with these priorities, offering a cost-effective solution for process optimization without the need for extensive investments in new production lines.
Collo’s impressive client roster includes global food and beverage giants like Fonterra, Danone, and Valio. These companies have already experienced the benefits of Collo’s technology firsthand, witnessing improvements in product losses and process efficiency across various operations.
In addition to reducing product losses, Collo’s technology has also proven to be invaluable in optimizing processes like Clean-in-Place (CIP) and fermentation, which are crucial for the development of next-generation food products. This versatility and effectiveness have garnered the attention of investors, with Swedish SEB Greentech Venture Capital and FORWARD.one co-leading the recent funding round alongside existing investor Scale Capital.
Mikko Huumo, Investment Manager at SEB Greentech VC, emphasized the importance of investing in technologies that can help reduce emissions and conserve water rapidly. Collo’s laboratory-level precision in a cost-effective format makes it an ideal solution for processing industry plants looking to enhance their sustainability efforts. Major industry players are already leveraging Collo’s technology to optimize their processes and drive operational efficiency.
Riemer Smink, Managing Partner at FORWARD.one, praised Collo’s groundbreaking analyzer and expressed confidence in the company’s potential to become a leader in liquid analytics. The partnership between investors and Collo signifies a shared vision for innovation and sustainability in the industry, paving the way for further advancements in liquid process optimization.
As Collo continues to push the boundaries of IoT technology in liquid processes, the possibilities for enhancing efficiency, reducing waste, and driving sustainability in the food and beverage industry are endless. With a strong track record of success and a growing network of industry partners, Collo is poised to revolutionize the way liquid processes are managed on a global scale.