AINS Ventures invests in the improved quality control of concrete through Caidio

Having raised 1.5 million US dollars in seed funding, Caidio, which develops smart quality assurance technology for concrete production, aims to revolutionise the concrete manufacturing in Asia. Caidio’s digital solutions, that are based on mass data and AI, help automate quality assurance and make it possible to optimise the use of cement in concrete production.

The concrete industry accounts for about 8% of global carbon dioxide emissions, largely because of the huge carbon footprint of a single component, cement. The optimisation method developed by Caidio collects real-time data on the concrete manufacturing process, enabling reductions in the amount of cement used.

“The goal of the concrete industry is to produce excellent concrete of consistent quality from natural stone material for manufacturing high-quality structures, but quality testing is based on manual methods that are more than a hundred years old. With automated quality assurance, savings amounting to up to 6 billion US dollars can be achieved through reductions in the use of cement in the Asian market alone, reducing carbon dioxide emissions by millions of tonnes,” says Aku Wilenius, Caidio’s CEO.

The Asian Development Bank supports growth in China, a major concrete producer

The main market for Caidio, which was established in 2018, is China; the world’s largest producer of cement and concrete with 35,000 concrete factories. In addition to AINS Group’s start-up investment company, Caidio receives capital funding to support its expansion in the Asian market from the Asian Development Bank, MiraclePlus, HBG Invest and Random Ventures.

“Built environments present huge challenges in terms of their carbon footprint. Caidio has developed a service for reducing emissions globally that is competitive on an international level. A single factory in China produces two million cubic metres of concrete per year, which is almost as much as the entirety of Finland produces. Even reductions in the amount of cement that are small percentage-wise bring significant climate benefits,” says Jaakko Jauhiainen, Chief Technology Officer of AINS Group.

In addition, quality assurance based on data and AI facilitates the use of industrial side streams as a replacement for cement in the production of concrete.

For further information, contact:
Aku Wilenius, CEO, Caidio
Tel. +358 400 72 60 60
aku.wilenius@caidio.io

Jaakko Jauhiainen, Chief Technology Officer, AINS Group
Tel. +358 400 448 913
jaakko.jauhiainen@ains.fi

Part of the forward-thinking design firm and consultancy AINS Group, AINS Ventures invests in growing companies and new technologies that help develop practices applied in the real estate and construction sector and improve life in cities. www.ains.fi/startup – BOOST for start-ups

Caidio is a technology company that specialises in smart quality assurance solutions for concrete production, helping the construction sector to reduce carbon emissions, improve cost-efficiency and optimise quality in concrete production. This Finnish company, which is among the 50 most promising construction technology companies on the CEMEX list, has a sales, development and customer service unit in China. www.caidio.io