Kyynel will change the way data is being transferred in remote areas. They are able to provide global coverage and offer similar or better quality of service than satellite communication does, without the cost of operating satellites. Kyynel’s solution requires only a low-cost radio system to provide global connectivity. This bestows huge value for e.g. shipping industry, which is currently heavily dependent on satellites. The satellite data communications is an industry worth of billions. Kyynel’s market opportunity lies in taking over the vast majority of it.
Kyynel provides state of the art high frequency terrestrial data communications system to replace the satellite data.
Prior to Butterfly’s investment Kyynel has developed and protected a huge technology base around the field necessary for the service. They also have developed the initial product versions required and secured a couple of significant pilot customers.
“Early days of radio relied mainly on longer wavelengths which allow to cover longer distances. However, there have been several data density and reliability issues when transferring data using traditional radio systems, making most commercial users change to satcom and other systems. In Kyynel we have been able to solve the usability problems of traditional radio systems, making it possible to offer a global connectivity that is reliable, secure and always online. We have been discussing with Butterfly for over a year and have strong confidence in their ability to help while going international. Now that it’s time to launch we felt it was also the right time to take them on board to help to do it successfully”, (Toni Lindén, CEO of Kyynel)
Butterfly invested into Kyynel because of the unique market opportunity and Kyynel’s extraordinarily deep knowledge of the field. In addition there is a strong IPR portfolio, existing industry with ongoing budgets, business model with a steep monetization curve and technology that allows to go around most critical mass challenges faced by other similar exercises. Butterfly’s investment will be used for further development of the commercial product, launching the service and securing the first few international customers.
Conexbird logo[/caption]Containers do over 135 million overseas trips per year. During every fifth of those trips something goes wrong, for instance due to container condition, accumulating over 7 billion in damages annually. Conexbird has invented a method to inspect the changes in container condition and its contents within a few seconds while lifting the container simply by touching it. There is no heavy investment required for checking equipment and no interruption nor changes required to handling and logistic chain. Furthermore the cost per check is just a fraction compared to any other method currently available. This represents true quantum leap within container transportation business, not just cost of container maintenance point of view, but also what comes to costs related to smuggling and container security.
Prior to Butterfly’s investment Conexbird has filed the key patent and signed the first pilot customer agreement.
“Our container inspection methodology fits into logistics chain like glove, it will integrate there seamlessly. Furthermore, the investment and inspection costs are only fraction of other methods. Therefore we see Conexbird as an integral part of all container logistics, a market opportunity of several billion dollars. Butterfly will bring us international contact networks that we need and such a unique level of agile business development expertise that’s very hard to find elsewhere.” (Teuvo Heikkilä, Founder of Conexbird).
Butterfly invested into Conexbird because of their clear cost saving value proposition, advanced business model, customer traction and technologically unique solution with strong intellectual property that fits extremely well into existing container logistic processes. Furthermore there’s market opportunity worth of hundreds of millions as well as excellent team with great international contact network. Butterfly’s investment will be used to validate the technology, business model and value proposition with first pilot customers.
Welcome to our new blog. I’ll start this blog by explaining how we look at the world;
We have to think differently to conquer the globe. We have to build technologies that rock. And customers need to feel the rock’n roll. And still the old army slogan is one we need to understand; a chain is only as strong as its weakest link. That’s the reason why we need to team up with entrepreneurs with great ideas and technical and business skills.
We are seasoned professionals in international technology business. We’ve been there and done that. And still we are learning more and we don’t expect our ways to be perfect. But together we expect to create and expand technology businesses that change the way we live and do business. Such businesses are often IPR intensive. That is the way to get financing or to do better deals with partners. Or it may be the way to dramatically increase the exit valuation. Our job is to help tech-savvy entrepreneurs to create solid businesses with ultimate goal of doing an exit making the entrepreneurs very wealthy.
We have to be innovative, yet realistic and creating a whole package that rocks bringing disruptive technologies to the global marketplace.