Saudi Arabia’s Future Investment Initiative Invests in Timbeter

Posted on 05/22/2022

Saudi Arabia’s Future Investment Initiative (FII) Institute announced an investment of €500,000 in Tallinn, Estonia-based Timbeter, a green tech company. To increase supply chain transparency, sustainability and certification, in line with ESG processes, Timbeter provides an AI-driven photo-optics application that accurately determines the quantities of logs in an area with precise length and diameter. This technology is key to a more proactive management of forests and a more sustainable sector. The FII Institute is a global non-profit organisation launched in 2019.

FII is headed by its CEO Richard Attias. Attias was central into getting the FII up and running.

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