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#impact #emissionreduction #aticeo |
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ADVANCING CARBON AND METHANE EMISSION REDUCTION TECHNOLOGIES |
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According to Energy Institute’s Statistical Review of World Energy report published on the 20th of June, greenhouse emissions soared to a record high in 2023. Against that background, several ventures spearheaded by climate-conscious entrepreneurs are emerging, securing significant funding to drive forward their impactful solutions.
Neustark, a Bern-based venture, adresses the global issue of demolished concrete waste by transforming it into a carbon sink. Their innovative solution mineralizes CO₂ within demolished concrete aggregate, effectively storing it permanently and mitigating atmospheric CO₂ levels. Collaborating with biogas plants for CO₂ sourcing, concrete recyclers for storage, and climate-focused companies for carbon dioxide removal (CDR), Neustark generates negative emissions. The startup has recently secured EUR 64.3 Mln to accelerate their carbon removal efforts and aims to remove one million tons of CO₂ by 2030.
Methane stands as the second most impactful greenhouse gas after carbon dioxide, as highlighted by the European Commission. Hamburg-based Atmio has just secured EUR 5.1 Mln to help natural gas companies target methane leaks, addressing a critical issue as the energy sector contributes approximately 20% of global methane emissions. Atmio's platform integrates intuitive controls and streamlined workflows to simplify internal leak detection and repair processes, requiring minimal training for operators. |
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OpenAI, the renowned artificial intelligence research organization, has made headlines with its acquisition of Rockset in a nine-figure stock deal.
Rockset, founded by former engineers at Meta, specializes in developing real-time search and analytics databases, leveraging artificial intelligence to enhance applications ranging from chatbots to anomaly detection.
Rockset's expertise in real-time data processing and vector search will bolster OpenAI's capability to swiftly access and analyze extensive data sets, potentially enhancing the speed and accuracy of AI model responses.
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LiveEO raises EUR 25 Mln to analyze climate data from satellites
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Berlin-based startup LiveEO has successfully raised a EUR 25 Mln funding round led by MMC Ventures with the participation from both existing and new investors.
Founded in 2018, LiveEO uses satellite imagery to monitor and analyze environmental changes, providing crucial data for industries such as energy, infrastructure, and transportation. By employing sophisticated algorithms, LiveEO delivers actionable insights that help organizations manage assets more efficiently and reduce their environmental footprint.
With the newly secured funds, the startup plans to invest in R&D, scale its teams and forge new partnerships to accelerate the adoption of its technology and expand its global market presence. |
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K Fund secures EUR 70 Mln for the launch of its sixth investment fund
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KFund, a leading Spanish venture capital firm, has announced the launch of its sixth investment fund, K3, consolidating its multi-stage fund family.
K3 has already secured nearly EUR 70 Mln. This allows KFund to support projects from the pre-seed phase to Series B with investments ranging from EUR 100 K to EUR 10 Mln.
KFund states that the new fund will support visionary entrepreneurs, helping to build and strengthen companies that will shape the future of business in Southern Europe.
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