SimAnalytics, a Finnish startup known for its advanced process harmony prediction and analysis tool, received a minority investment from Kemira, a global chemicals company.
The amount of the deal was not disclosed.
The partnership strengthens Kemira’s ability to support customers’ business with data-driven predictive analytics, artificial intelligence and machine learning solutions. The two companies have worked together on customer projects involving pulp and paper production processes.
Led by Markus Jääskeläinen, co-founder, SimAnalytics develops and provides computational technologies for higher operating efficiency in process industries. Factory Harmonizer’s software helps people increase the efficiency of the production process they are responsible for. With a combination of streaming data, systems thinking, and AutoML the tool identifies and highlights critical deviations and provides actionable insights to stabilize the production process for better productivity.
Kemira is a global leader in sustainable chemical solutions for water intensive industries. It provides best suited products and expertise to improve customers’ product quality, process and resource efficiency. Its focus is on pulp & paper, water treatment and oil & gas. In 2020, the company had annual revenue of around EUR 2.4 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
FinSMEs
20/08/2021