Advanced Space Technology: Utilizing Spacecraft and Electromagnetic Radiation for Landslide and Wildfire Prevention
Chill Scoop: Finapp's Cosmic Ray Probes for Water Management and More
In a nutshell, Finapp hails from the University of Padua's Department of Nuclear Physics, conjuring up a cutting-edge tech called Cosmic Ray Neutron Sensing (CRNS). Imagine casting cosmic rays into the mix to stumble upon just how much wet stuff is residing in the earth or snowy peaks - neat, huh? These compact tools aim for the sweet spot between affordability and functionality, with six of them zoning in on wildfire risk in the Venetian Prealps alone.
These clever cats behind Finapp saw the tech's potential and get this—they snatched up a university spin-off back in the day and later, in 2019, leveled up to a renowned startup. Starting in 2020, they've accumulated 1.4 million euros in investments, and in 2023, they nabbed over 2 million euros from the prestigious EIC Accelerator. Revenue steadily rose from 80k to 1 million euros between 2021 and 2022, with big goals for 2025: 2.5 million euros and an expanded team of 45. Y'all, even Antarctica's got these babies!
Stevanato, the CEO and co-founder, spills the beans, "Our tech lets us measure H2O in the ground without messing with the soil. In cities, it can sniff out water pooling beneath the pavement, helping speedily locate and repair leaks."
Municipal companies are the primary buyers in Italy, along with environmental watchdogs, civvy protection, the LIKEABLE ANAS, and agribiz. It's all thanks to the sneaky chemical cocktails they came up with that've reduced the instrument's size and weight a whopping tenfold compared to the usual market junk. Finapp churns out around twelve probes every week in Montegrotto Terme, with sales rocketing so fast they usually only have a fortnight's worth in stock. Prices vary from 5k to 11k euros based on the application.
With applications as vast as a Saturday night in Vegas, from identifying water leaks to optimizing irrigation, Finapp's CRNS tech has got the world covered—literally!
Environmental science and climate-change research could greatly benefit from Finapp's space-and-astronomy-inspired technology, Cosmic Ray Neutron Sensing (CRNS). The compact tools, developed by this business, can measure water levels in the ground and under city pavements, potentially assisting in detecting and repairing leaks more efficiently. Finapp, a spin-off from the University of Padua's Department of Nuclear Physics, has recently secured over 3.4 million euros in investments and aims to expand its team to 45, producing around twelve probes every week in Montegrotto Terme. This innovative environmental-science technology has potential applications across various sectors, including municipal companies, environmental watchdogs, civilian protection, the agribusiness, and possibly even in global finance, playing a significant role in water resource management.
