Oct 14, 2020

Axora secures $10 million platform-funding boost

DigitalTransformation
funding
Innovation
Dominic Ellis
2 min
The latest round of investment welcomes new minority shareholders Traxys and Société Générale, and group of private investors
The latest round of investment welcomes new minority shareholders Traxys and Société Générale, and group of private investors...

Axora aims to come up with digital solutions which solve many business pain points on its new innovation platform after closing over $10 million in funding from private placements. 

The latest round of investment welcomes new minority shareholders Traxys and Société Générale, and a group of private investors, including ABCP fund and the Boston Consulting Group provided further financing. 

"We estimate that approximately $200 billion in Intellectual Property is duplicated every year across industrial companies," said Ajay Chowdhury, Managing Director and Partner, BCG Digital Ventures. "Many companies across different sectors are looking to solve the same or similar problems but unfortunately there's a lack of transparency across industries which results in wasted investment as companies develop technology solutions which have already been built elsewhere."

In addition to its new shareholders, Axora also welcomes Ritz Steytler as CEO, following an extensive search process. Ritz has more than 27 years' experience in the technology-led transformation and growth of multinational businesses. He spent the first part of his career as a consultant and systems integrator with Accenture and IBM, delivering transformation programmes for some of the biggest names in retail, telecommunications and financial services. 

Later, he was CEO and board director of the omni-channel payment processor PXP up to its acquisition by Kalixa in May 2014, and subsequently COO and board director of Kalixa until October 2015. Before joining Axora, he was COO of Featurespace, the world leader in adaptive behavioral analytics and AI-based fraud detection.

"The need for companies to be digital, safer, sustainable and efficient has never been greater," said Steytler. "This new investment not only validates our offering but ensures that we continue to identify and provide digital solutions that solve many of the pain points suffered by businesses in industry today. I'm looking forward to leading Axora through the next phase of its development." 

Together with its expert industry insights, Axora hosts more than 100 innovative solutions from sector leaders to start-ups, universities, and consultancies. Examples include machine vision technology that identifies mineral ore contaminants three times faster than the human eye, and predictive modelling for oil rigs which uses built-in sensors and AI to maximise production. Axora's proven digital solutions help to reduce wasted investment, avoid duplication and accelerate business growth.

Axora was developed by a team of industry experts, engineers and entrepreneurs including the Boston Consulting Group. It is currently focusing on the Oil and Gas and Mining and Metals sectors and will soon expand into other sectors.

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Oren
Emitwise
mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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