Yara Leads $3.5 Million Investment in Intelecy’s No-Code AI Platform for Industrial Engineers
Intelecy, a Norwegian software-as-a-service (SaaS) company, has raised $3.5 million in an investment round led by Yara, with participation from GC Rieber, Aidiom, and Investinor. Intelecy offers a no-code AI platform specifically designed for industrial engineers and operators, eliminating the need for manual coding. With the platform, process engineers can quickly create AI models to optimize processes, reducing waste, emissions, energy consumption, and costs.
Intelecy serves clients in industries such as chemicals, energy, food and beverages, mining and minerals, and energy supply.
“We have received strong recommendations from Intelecy’s industrial clients. Yara is investing in Intelecy because we consider it a strategic priority to participate in the development of AI for the industry,” said Ulf Berg, Senior Vice President of Portfolio Development at Yara International ASA and Chairman of the Board of Yara Growth Ventures.
Yara, a global crop nutrition company and provider of environmental and agricultural solutions, sees Intelecy’s investment as a validation of their vision to make industrial production more sustainable by optimizing production, reducing waste and energy consumption, and eliminating harmful emissions.
GC Rieber, an industrial group and a client of Intelecy, also participated in the investment round. They use AI to optimize and digitize the production of nutraceuticals.
“Our local workers use Intelecy to optimize the production of premium omega-3 concentrates and develop essential digital skills in the process. Intelecy has allowed us to adopt AI, making the factory smarter and production more sustainable. We are very impressed with the ease of use of the Intelecy solution,” said Fredrik Harloff, Director of Information at GC Rieber.
While AI advancements hold enormous potential value for the process industry, many AI projects still fail. Industry leaders often cite a lack of talent as the main barrier to AI adoption.
“We are investing because Intelecy helps bridge the skills gap in the manufacturing sector by enabling the existing workforce to use AI,” said Jon Øyvind Eriksen, CEO of Aidiom and Chairman of the Board of Intelecy.
Investinor has increased its stake in Intelecy as well.
“At Investinor, we invest in the companies of tomorrow, and few sectors are as promising as artificial intelligence and machine learning. Intelecy stands out in the field of industrial AI by offering easy-to-implement tools for optimizing efficiency. Intelecy is well-positioned to meet the growing demand for smart and sustainable manufacturing solutions,” said Egile Garberg, Investment Manager at Investinor.
The new funding will be used to strengthen marketing, sales, and product development. Erkki Altonen, CEO of Yara Growth Ventures, and Egil Garberg, Investment Director at Investinor, will join the board of directors.
About Intelecy:
Intelecy is a Norwegian SaaS company that aims to enable sustainable production in the industry. Their no-code industrial AI platform is designed for industrial data and intended for industrial citizens. The user-friendly tools allow engineers to create and apply sophisticated AI models without prior coding knowledge. Through Intelecy, a wide range of industrial companies are improving resource utilization, avoiding unplanned downtime, increasing capacity, and reducing their environmental impact.
About Yara:
Yara is a global crop nutrition company and a provider of environmental and agriculturalIntelecy, une entreprise norvégienne spécialisée dans l’intelligence artificielle (IA) industrielle, a récemment levé 3,5 millions de dollars lors d’un cycle d’investissement mené par Yara, une entreprise spécialisée dans les solutions environnementales et agricoles. GC Rieber, Aidiom et Investinor ont également participé à cet investissement.
La plateforme d’IA sans code d’Intelecy est spécialement conçue pour les ingénieurs industriels et les opérateurs en usine, leur permettant de créer rapidement des modèles d’IA pour optimiser les processus de production. Ces modèles d’IA permettent de réduire les déchets, les émissions, la consommation d’énergie et les coûts.
Intelecy travaille avec des clients dans divers secteurs tels que les produits chimiques, l’énergie, l’alimentation et les boissons, les mines et les minerais, ainsi que la fourniture d’énergie.
Yara a investi dans Intelecy en raison de son intérêt pour le développement de l’IA dans l’industrie. Selon Ulf Berg, vice-président senior chez Yara International ASA, l’investissement dans Intelecy est une priorité stratégique pour Yara.
GC Rieber, un client d’Intelecy, utilise l’IA pour optimiser et numériser sa production de nutraceutiques. Selon Fredrik Harloff, directeur de l’information chez GC Rieber, Intelecy a permis à l’entreprise d’adopter l’IA, rendant ainsi l’usine plus intelligente et la production plus durable.
L’investissement dans Intelecy vise à résoudre le manque de compétences dans le secteur manufacturier en permettant à la main-d’œuvre existante d’utiliser l’IA. Jon Øyvind Eriksen, PDG d’Aidiom, a déclaré que l’investissement dans Intelecy contribuera à résoudre le fossé des compétences dans le secteur manufacturier.
Le financement récemment obtenu sera utilisé pour renforcer le marketing, les ventes et le développement de produits. Erkki Altonen, PDG de Yara Growth Ventures, et Egil Garberg, directeur des investissements d’Investinor, rejoindront le conseil d’administration d’Intelecy.
Intelecy vise à permettre une production durable dans l’industrie en améliorant l’utilisation des ressources, en évitant les temps d’arrêt non planifiés, en augmentant la capacité de production et en réduisant l’impact sur l’environnement.Intelecy Raises $3.5 Million in Investment Round Led by Yara
Intelecy, a Norwegian SaaS company, has secured $3.5 million in funding in an investment round led by Yara, with participation from GC Rieber, Aidiom, and Investinor. Intelecy offers a no-code AI platform specifically designed for industrial engineers and operators, eliminating the need for manual coding. With the platform, process engineers can quickly create AI models to optimize processes, reducing waste, emissions, energy consumption, and costs.
Intelecy serves clients in industries such as chemicals, energy, food and beverages, mining, and energy supply. The company has developed interesting AI solutions for production and process optimization, receiving strong recommendations from its industrial clients. Yara’s investment in Intelecy is driven by its strategic priority to participate in the development of AI for the industry, according to Ulf Berg, Senior Vice President of Portfolio Development at Yara International ASA and Chairman of the Board of Yara Growth Ventures.
Yara, a global leader in crop nutrition and environmental and agricultural solutions, sees Intelecy’s investment as a great endorsement of its vision to help factory workers make industrial production more sustainable by optimizing production, reducing waste and energy consumption, and eliminating harmful emissions, says Bertil Helseth, CEO and Founder of Intelecy.
GC Rieber, an industrial group and a client of Intelecy, has also participated in the investment round. The company uses AI to optimize and digitize the production of nutraceuticals. Fredrik Harloff, Director of Information at GC Rieber, explains that Intelecy has allowed them to adopt AI, making the factory smarter and production more sustainable.
The progress of AI represents a huge potential for value creation in the process industry. However, many AI projects still fail, with a lack of talent often cited as the main obstacle to AI adoption. Aidiom CEO Jon Øyvind Eriksen believes that Intelecy helps bridge the skills gap in the manufacturing sector by enabling the existing workforce to use AI.
Investinor has increased its stake in Intelecy, with Egile Garberg, Investment Manager at Investinor, stating that Intelecy is well-positioned to meet the growing demand for intelligent and sustainable manufacturing solutions.
The new funding will be used to strengthen marketing, sales, and product development. Erkki Altonen, CEO of Yara Growth Ventures, and Egil Garberg, Director of Investments at Investinor, will join Intelecy’s board of directors.
About Intelecy
Intelecy is a Norwegian SaaS company that aims to enable sustainable production in the industry. Its no-code industrial AI platform is designed for industrial data and targeted at industrial citizens. The user-friendly tools allow engineers to create and apply sophisticated AI models without prior coding knowledge. Through Intelecy, a wide range of industrial companies are improving resource utilization, avoiding unplanned downtime, increasing capacity, and reducing their environmental impact.
About Yara
Yara is a global crop nutrition company and a provider of environmental and agricultural solutions. The strategic investment in Intelecy by Yara Growth Ventures is seen as an endorsement of Intelecy’s vision to make industrial production more sustainable through AI optimization.
Source: Intelecy
1) How does Intelecy’s AI platform help optimize and digitize the production of nutraceuticals?
Any uses Intelecy’s AI platform to optimize and digitize the production of nutraceuticals. Fredrik Harloff, Director of Information at GC Rieber, praises Intelecy’s solution for its ease of use and its ability to make their factory smarter and production more sustainable.
The adoption of AI in the process industry has faced challenges, with many projects failing due to a lack of talent. Intelecy aims to bridge this skills gap by enabling the existing workforce to use AI without the need for extensive coding knowledge. This approach has attracted interest from Aidiom, an investment firm focused on AI, which sees Intelecy’s solution as a way to address the skills gap in the manufacturing sector.
Investinor, a venture capital firm, has also increased its stake in Intelecy. Egil Garberg, Investment Manager at Investinor, highlights the promising potential of artificial intelligence and machine learning in the industrial sector, and believes Intelecy is well-positioned to meet the growing demand for smart and sustainable manufacturing solutions.
The $3.5 million funding will be used to further strengthen Intelecy’s marketing, sales,
This investment by Yara in Intelecy’s AI platform is a promising step towards sustainable industrial practices. Exciting to see companies prioritizing technology that can drive positive change!