280 Earth closes 50M Series B funding round to fund DAC project development for CO2 reduction
05/20/24, 4:02 PM
Location
the dallesMoney raised
$50 million
Industry
artificial intelligence
Round Type
series b
Investors
Alphabet, Inc., Gideon Yu, Builders Vc
280 Earth, Inc. has completed the construction and started operating a direct air capture facility in Oregon. The $50 million Series B funding round, led by Builders VC, will support the company's scale-up of direct air capture technology to reduce CO2 in the atmosphere.
Company Info
Location
the dalles, oregon, united states
Additional Info
280 Earth was formed in 2022 to scale up and commercialize innovative direct air capture technology developed at X, The Moonshot Factory (Google X). 280 Earth’s proprietary process is unique in its cost-effective continuous flow process to capture CO2 directly from the atmosphere, low energy use, ability to utilize waste heat from a wide variety of industrial processes, and positive generation of clean water captured from the air. The company is located in Mountain View, California and The Dalles, Oregon with projects under development nationwide.