Caidio in a $1.5 million equity round backed by ADB Ventures, MiraclePlus, AINS Ventures, HBG Invest, and Random Ventures.

Caidio, an Espoo, Finland-based software startup developing digital quality assurance solutions for the construction industry, announced the completion of a $1.5 million seed funding round.

The money was raised from investors including ADB Ventures, MiraclePlus, AINS Ventures, HBG Invest, and Random Ventures (Peter Vesterbacka and Kustaa Valtonen).

Caidio, founded in 2018 by CEO Aku Wilenius, Juho Pättö, Pasi Karppinen and Ville Heinonen, developed a software tool used to improve the quality and reduce CO2 emissions of produced concrete. Its digital products, such as Caidio Water Content Optimizer, use vast amounts of data from concrete production to provide real-time insight into the quality properties of concrete during the production process. This results in improved quality of concrete, increased productivity of the manufacturing operations, as well as reduced greenhouse gas emissions in the construction industry.

Caidio is active in the Chinese market, with its solution having been piloted at several concrete production facilities in China.