Collo, a Finnish technology company that provides IoT analyzers to optimize industrial fluid processes, announces Today growth financing of 5 million euros.

Collos The analyzer can quickly characterize any type of liquid and provides food and beverage companies with continuous, real-time measurements so they can control and optimize their production processes. better, save Raw materials and water and reduction CO2 and waste production.

Based on Collos According to market research and estimates, annual raw milk losses in a typical medium-sized dairy can be up to 8 million liters due to a lack of inline process control. Collos Analyzer, such dairies can significantly reduce these losses while saving up to 11 million kilograms of CO2 emissions and 35 million liters of clean water.

The sensor is compatible with any fluid in the plant and eliminates the need for multiple traditional sensors. In addition, its analytics and machine learning capabilities provide actionable insights for plant management, not just measurement data. The enables food and beverage operators to manage processes without having to maintain sensors or interpret raw sensor data.

AAccording to Matti Järveläinen, co-founder and CEO of Collo:

“TThe global food and beverage industry is undergoing profound changes due to climate change, increasing demand for sustainable business and increasing environmental regulations.

Key market leaders have set strategic priorities to halve emissions by 2030 and achieve net zero by 2050..”

“AAll savings are achieved through process optimization using existing infrastructure. Any manufacturing company can implement Collo analyzers to bring their facilities into the IoT era and make their processes sustainable without having to make large investments in new production lines.” Järveläinen explains.

Collos Current customers include global food and beverage companies such as dairy giants Fonterra, Danone and Valio.

In addition to reducing product losses during N-product pushouts, the technology has also proven beneficial in optimizing clean-in-place (CIP) or fermentation processes, which forms the basis for many “Food 2.0” Products.

Swedish SEB Greentech Venture Capital and FORWARD.one, Co-leader of the round, which also included existing investor, Scaling capital.

Mikko Huumo, Investment Manager at SEB Greentech VC, said:

“IIt is more important than ever for process plants to invest in technologies that help reduce emissions and save water quickly.

Collo offers laboratory-level technology and precision in a cost-effective format that enables any manufacturing industry to achieve this. Key global players in the industry already trust Collos Solution in process optimization.”

“TThe analyzer developed by Collo is truly groundbreaking. We are impressed by Matti and his team and are excited to accompany them on their journey to becoming a leader in liquid analytics.” says Riemer Smink, Managing Partner at FORWARD.one.

Cover photo: Collo. Photo: no credit given.