Nordic Forestry Automation closes SEK 48 million financing
Nordic Forestry Automation closed SEK 48 million of financing to expand its physical-AI operator-assistance systems and develop semi-autonomous software for forestry machinery.
Evidence notes
- Navigare Ventures and Almi Invest GreenTech co-led the financing.
- LRF Ventures joined the round.
- The company said the capital would support global expansion and its next generation of semi-autonomous forestry software.
Company context
Nordic Forestry Automation develops machine-perception and physical-AI systems that retrofit forestry machines with advanced operator assistance and semi-autonomous capability. The company reports seven permanently deployed systems and more than 5,000 operating hours in commercial forestry.