Coolx provides forestry analysis software that utilizes satellite technology and artificial intelligence to monitor deforestation and ensure compliance with the EU Deforestation Regulation (EUDR). The platform enables companies to assess their supply chains, collect necessary documentation, and implement action plans to mitigate risks associated with deforestation in their sourcing practices.
Funding
Funding not disclosed
Founders
Product
Problem
Companies face challenges in monitoring deforestation within their supply chains to comply with the EU Deforestation Regulation (EUDR). Lack of geolocation data, precision analysis, and efficient document collection make it difficult to assess deforestation risks and ensure regulatory compliance.
Solution
Coolx offers a forestry analysis platform that leverages satellite technology and artificial intelligence to monitor deforestation and facilitate compliance with the EUDR. The platform enables companies to evaluate their supply chains, identify potential deforestation risks, and collect necessary documentation. Coolx guides companies through questionnaires for self-assessment and supplier evaluation, develops action plans based on collected information, and compiles documents in a structured manner for review. By analyzing supply chains in detail, Coolx helps companies understand their obligations under the EUDR and implement strategies to mitigate deforestation risks.
Target Audience
Coolx primarily serves companies that source raw materials and need to comply with the EU Deforestation Regulation (EUDR).
Features
- Satellite-based monitoring of deforestation in supply chains
- AI-powered analysis of agroforestry farms for social and environmental impact
- Guided questionnaires for company and supplier self-assessment
- Structured document collection and review process
- Action plan development for EUDR compliance
- Detailed supply chain analysis to identify deforestation risks