Volur
Assembly Line
York IE Invests in Völur
York IE, an advisory and venture capital firm that helps technology companies grow, announced its investment in Völur, a global software company in meat industry optimization. York IE participated in Völur’s $2.8 million funding round, as did Serra Ventures and Völur’s corporate partner, SARIA. Existing investors Idékapital, Fusion Fund and Fortress Fund followed on with additional investments. Völur’s funding will help the Oslo-based company ensure top-line growth and continue to revolutionize the meat industry with data and AI methodologies.
Streamlining Meat Processing: The Power of Data-Driven Daily Fabrication Plans
Data-driven decision-making is essential for any production manager aiming for the most optimized production. Real-time data feeds into your decisions, enabling you to match output with the current demand, avoiding overstocking and cutting down on waste. But it’s not just about the now—this data also helps managers look ahead, forecasting what customers want next and staying one step ahead. By using data to predict and prepare for the future, operations managers can increase the utilization of animals, demand satisfaction levels, and revenue.
Völur’s AI solution uses data-driven insights and machine learning to provide production managers with optimized production plans to ensure the right raw materials are used in value-added or processed products.
Supplying software to the meat industry: Retrieves 10 million kroner
In combination with new technological solutions and artificial intelligence, Volur manages to manage the complexity of the meat industry and optimize both cutting and processing based on market needs. This ensures optimal use of each animal. With the team is the investment framework of StartupLab, Simula, Smart Innovation Norway, Middelborg and a number of angel investors. With support from Innovation Norway in addition, the company has collected 10 million kroner.