The start-up Visavi Technology As (VISAVI) is receiving NOK 15 million in new capital from early stage investors Proventure and SINTEF TTO. Visavi has developed a system that facilitates easy visualisation of major and complex operations taking place at off- and onshore process facilities.
“Visavi has a unique product with major global potential, together with a team displaying an impressive ability to implement its system. This is the type of company we like to invest in and want to develop further”, says Geir Ove Kjesbu, a partner at ProVenture, in a press release from Visavi.
Kjeller incubator gets Visavi off the ground
Visavi was launched by Kjeller Innovation and the Norwegian Institute for Energy Technology (IFE) in November 2014 following a verification project funded by the Research Council of Norway’s FORNY2020 programme. Kjeller Innovation’s incubator has assisted the company with its launch, recruitment, capital investment applications and business development.
“A well-equipped team, access to networks and, not least, a market-driven IT system has been crucial to Visavi’s success”, says Nils Haga, Incubator Manager at Kjeller Innovation.
New owners and fresh capital investment has led Haga to have great faith in the global roll-out of the product. The Borregaard manufacturing facilities in Sarpsborg are already using the system, and Aker BP and Neptune Energy are among Visavi’s clients.
About the system – LivePlan
The LivePlan system integrates data from many different sources and is used to facilitate visualisation of all available information on a screen, making it possible to plan, coordinate and carry out operations and maintenance activities safely and effectively. The system is interactive and is designed to be operated using large touch screens. This generates interest and involvement from the whole organisation. It is possible to modify operations immediately and directly from the screen and to compare resulting impacts in relation to factors such as available resources, materials and task conflicts. The modifications can then be transmitted back to the relevant IT systems involved. This is important functionality that contributes towards a more effective implementation of planned tasks that would not be possible without such a system.
About Visavi Technology
Founded in 2014
Head office is located in Halden
Kistefos does not wish to reveal the amount it is investing, but has made commitments in terms of both funds and company directors at the start-up company Previwo.
Previwo works with preventive applications addressing fish health and welfare in the aquaculture sector, which is experiencing major financial losses linked to bacterially-induced ulcers in salmon.
“Losses linked to these problems are estimated to be close to NOK 2 billion annually”, says Erik Borge, Investment Director at Kistefos, in a press release issued by Previwo. “Moreover, the positive ripple effects of this work will be of even greater value to the industry”, he says.
Good bacteria boost productivity
The use of beneficial bacteria has been shown to improve productivity and fish welfare. The first commercial product from Previwo is a probiotic protocol called Stembiont. It involves a method in which the fish are immersed in a tank containing a special bacterial flora which does not harm the fish but which prevents attack by harmful bacteria. The product has been developed in close collaboration with partners and clients. Full-scale clinical field trials carried out on about four million farmed salmon in Norway in the period 2014 to 2018 have consistently demonstrated improved growth, reduced ulcer development and lower levels of mortality.
Designed for growth
Stembiont can be applied in all regions where Atlantic salmon are farmed. There are currently plans to introduce it to the Chilean and Canadian markets next year. Equity capital investment from Kistefos will now enable Previwo to accelerate its growth phase.
“Kistefos appears to welcome our ideas, and with them on our team we now have sufficient funds to push on”, says Kira Salonius, General Manager at Previwo, in Monday’s edition of the financial daily Finansavisen.
- Established in 2013
- Has five employees
- Manufactures probiotics and vaccines for the aquaculture sector.
- The company was founded as a result of a verification project conducted jointly by the Norwegian University of Life Sciences (NMBU) and Kjeller Innovation. The project is supported by the Research Council of Norway’s FORNY2020 programme and Innovation Norway.
- Located at Kjeller and in Oslo.