Timbeter An Estonian company, whose artificial intelligence technology helps companies in the forestry sector.
Timbeter is an industrial timber measurement, logistics and reporting platform which eliminates manual counting, measuring and tracking of timber assets. It has built what it says is “the world’s largest database of photometric measurements of roundwood”, which allows live online tracking of timber assets down to individual shipments and piles throughout the forestry value chain. Timbeter’s algorithms are said to have the ability to cut measurement and documentation times by ten and increase accuracy by five times.
It has already secured domestic customers and, as the software is available in 13 languages, boast more than 20,000 users worldwide. This round of funding will enable it to fully expand into South America and Asia.