UK: AI company Gigaton, formerly Carbon Re, has raised US$26m in Series A funding, bringing its total funding to over US$35m. It said that the funding would enable a fivefold increase in its team, as well as expansion outside of cement, into the steel, glass and chemicals sectors. It said that this would enable its mission to reduce emissions on a ‘gigaton’ scale. The company is further developing its control platform with a small group of partners, with plans to scale deployment across ‘dozens of sites’ in the next growth phase.
Josh Vernon, CEO of Gigaton, said "Every cement executive I speak to is facing the same challenges: costs they struggle to control, carbon they struggle to reduce and plants that weren't built for the world they're operating in today. The underlying software infrastructure most plants run on today was never built to manage the complexity plants are forced to deal with today. We have built Gigaton to deliver real cost and carbon savings now, while building the AI infrastructure these industries need in a fully autonomous future."
Gigaton’s self-learning technology operates within plant infrastructure, simulating process behaviour and forecasting the impact of each action, allowing it to autonomously adjust key parameters, including fuel mix, kiln speed and oxygen levels. The AI platform is designed to replace the existing control stack, resulting in lower energy and fuel costs, reduced emissions, and greater stability for operators, according to the company.
