Spin out from Prime U.O.K. University Cambridge University and UCL, carbon ray Just raised £4.2 million ($4.8 million) to address the gigatonne of carbon emissions emanating from the standard fork-climate-change-side cement business.
The firm says it is building state-of-the-art AI to decarbonize energy-intensive industries. It claims that its “Delta Zero AI” platform can handle perhaps more than 50 kilotons of CO. can expand2 Per Plant Emissions firm told me that its SaaS answer “models each plant’s unique production environment and uses advanced machine learning and AI techniques to achieve operational efficiencies previously unreachable.” Delta Zero continuously analyzes manufacturing information to allow plant operators to optimize manufacturing processes on near-living foundations, although it does not specifically describe what algorithms are modified to achieve these reductions in emissions. recommends.
“In times of rising fuel prices and increasing emphasis on CO”2 Target lacking, action is urgently needed. Carbon Ray is combining the biggest challenge of our time – climate change – with the biggest opportunity – advances in AI,” said Sheriff Elsayed-Ali, CEO of Carbon Ray, in an announcement to TheLike. “Our platform is for energy-intensive industries. Provides a unique solution for the U.S. that provides £2 million in fuel cost savings and 50,000 tonnes of CO2 savings per plant. This latest funding round will enable us to accelerate our mission of reducing carbon emissions by gigatonnes each year. ,
Planet A Ventures, a Berlin-based local weather tech venture capital agency, led the £4.2 million round with participation from the Clean Growth Fund, UCL Technology Fund and Cambridge Enterprise. The new funding will allow Carbon Ray to launch its product into the cement market around the world. The goal that the company later set is to grow into various energy-intensive industries such as metals and glass.