Carbon Re, a UK-based climate tech firm looking to use AI to decarbonize energy-intensive businesses, has acquired £4.2 million in seed funding, the investment round was led by Planet A Ventures to accelerate the development and application of its technology.
With the additional funding, Carbon Re will be able to introduce its product to the worldwide cement market and grow into other energy-intensive sectors like steel and glass. Additionally, it will assist the business in accelerating the creation and application of its new technology.
The energy-intensive industries like glass, cement, and steel, which account for more than 20% of global emissions, are the focus of the London-based company, which is a spinoff of Cambridge University and UCL.
Source: Techcrunch
Deep learning is used by Carbon Re’s Delta Zero platform for industrial decarbonization to speed up the creation and application of novel low-carbon industrial designs, processes, and materials.
