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Cambium is Building an AI That Helps Turn Waste Wood into Usable Lumber
In a major effort to promote sustainable forestry and reduce waste in the timber industry, Cambium is developing an artificial intelligence (AI) system that can help companies transform waste wood into usable lumber.
Founded by Christensen, Cambium aims to digitize the transactional data of traditional pen-and-paper businesses in the sector. By collecting large amounts of data on how the industry operates at every step of the value chain, the startup is creating an AI that can assist companies in their efforts to become more sustainable.
Cambium has just raised $18.5 million led by VoLo Earth Ventures, with other participating investors including 81 Collection, Alumni Ventures, Dangerous Ventures, Groundswell, MaC Venture Capital, NEA, Rise of the Rest, Soma Capital, Tunitas Ventures, Ulu Ventures, Understorey, and Woven Earth.
Cambium’s AI model is designed to extract information from phone calls, emails, and other sources, allowing companies to streamline their operations and make more informed decisions about their businesses. The ultimate goal is to help these businesses digitize their accounting processes, which would greatly improve transparency and efficiency.
According to Christensen, Cambium is not only focused on helping companies turn waste wood into usable lumber but also to create a platform that simplifies the process for them.
