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Concrete-Ai Raises $2 Million To Commercialize Data Science Platform That Reduces The Cost And Embodied Carbon Footprint Of Concrete

Jan 13, 2022over 3 years ago

Amount Raised

$2 Million

Round Type

seed

Los Angeles

Description

Concrete-AI today announced it has raised $2 million in a seed financing round with participation by the Grantham Foundation for the Protection of the Environment, a prominent family office and other marquee investors. This financing will accelerate the rollout of Concrete-AI’s pioneering data science platform that uses artificial intelligence (AI) and machine learning (ML) to optimize supply chains and materials selection to bring new efficiencies to the design, proportioning and production of concrete mixtures. Concrete-AI’s platform delivers unparalleled reductions in the cost and embodied carbon of ready mixed and precast concrete used in construction, without any changes in their method of production, the materials used or anything else.

Company Information

Company

Concrete Ai Today

Location

Los Angeles, California, United States

About

In addition, the company announced that industry veteran Ryan Henkensiefken has joined the company as Vice President of Business Development.