BASF's venture capital arm invests in AI firm in UK

摘要

BASF says its venture capital arm, BASF Venture Capital, is leading a strategic investment round in IntelliSense.io (Cambridge, UK), a provider of AI-based products for the global mining industry, with follow-on participation from a group of UK-based technology angel investors. Further details about the investment have not been disclosed. BASF's portfolio of mineral processing chemicals and technologies and the IntelliSense.io team “ofer a fexible and future-proof system which can help to optimize the metal lifecycle from extraction to processing to disposal,” says Markus Solibieda, managing director at BASF Venture Capital.