In recent news, Nortech AI, a tech innovator hailing from Norway and Portugal, has secured a generous €2.5 million in seed funding. This funding has been made possible thanks to the support of two notable climate tech investment firms, Indico Capital Partners and Earlybird-X. Nortech AI’s groundbreaking solution is set to bring a wave of positive change to the maritime industry.
About Nortech AI
Founded in 2021 by Francisco Roque, Nortech AI has its operational bases in Bergen and Lisbon. The company is dedicated to simplifying the way industries harness the power of the Internet of Things (IoT). Nortech AI has created a plug-and-play solution that is set to transform the maritime sector and beyond by addressing the lack of connected information and reducing resource wastage. With Nortech AI’s innovative approach, businesses can now make real-time decisions and improve their operations, making the future a more sustainable and efficient one.
About the Funding
The €2.5 million in funding comes from Indico Capital Partners and Earlybird-X, both of which are renowned for their commitment to supporting climate tech companies. This investment will enable Nortech AI to expand its reach and interconnect various industrial needs, not just in the maritime sector, but also in other asset-heavy industries. This funding will play a crucial role in pushing the boundaries of what’s possible with IoT solutions, making data-driven decision-making a reality for many businesses.
How Nortech AI’s Solution Works
Nortech AI’s solution is designed to streamline operations, reduce greenhouse gas emissions, and promote sustainability. It allows for remote commissioning and effectively utilizes industrial IoT data. Through the use of scalable data models, created with live operational and simulation data, businesses can customize and reuse this solution for various use cases. It simplifies the digitalization journey for businesses, empowering them to become more data-driven without complications.
The Power of Industrial IoT
Nortech AI’s vision is to create a world where businesses can harness the power of industrial IoT without the complexities often associated with it. It aims to make digitalization a pathway to sustainable and smart operations rather than a hurdle. The company’s approach is expected to usher in a new era of cost savings and environmental conservation by reducing greenhouse gas emissions.
Nortech AI‘s achievement of €2.5 million in seed funding is a testament to its innovative approach to the maritime industry and beyond. By simplifying the digitalization journey and promoting data-driven decision-making, Nortech AI is paving the way for a more sustainable future. The support from Indico Capital Partners and Earlybird-X highlights the growing interest in climate tech and IoT solutions that prioritize environmental conservation.
What is Nortech AI’s main goal with its IoT solution?
Nortech AI’s primary goal is to simplify the digitalization journey for businesses and empower them to make data-driven decisions. It aims to reduce greenhouse gas emissions and promote sustainability in various industries, starting with the maritime sector.
How does Nortech AI’s solution work?
Nortech AI’s solution is designed to capture and utilize industrial IoT data through scalable data models. These models are built using live operational and simulation data, making it easy for businesses to customize and reuse the solution for their specific needs.
Who provided the €2.5 million in seed funding to Nortech AI?
The seed funding came from two climate tech investment firms, Indico Capital Partners and Earlybird-X. These firms are dedicated to supporting companies that focus on sustainability and innovative solutions in the field of IoT.