AI-powered decarbonization technology enabling creation of a $50B mkt category thru new way to transfer heat in high-emission industries
ANGARA DeCarbonX is a NL-based technology scale-up with quickly growing sales. In sum, our AI-driven solution unlocks a new market of >$50 billion / year through digital transformation of an old b2b services segment.• We are rolling out globally — a very PRAGMATIC & HIGH IMPACT decarbonization technology that pays for itself. It is profitable for our customers. For a customer, the 1st sizable results are achieved within 12 months. Globally, the CO2 impact abatement potential exceeds 1Gt CO2 / year at scale.• The PROBLEM we solved: High emission industries run zillions of HEX. They run dirty WITH fouling, and hence — inefficiently.• The SOLUTION: Our fully digital AI-driven patented technology enables HEX to run cleanly AND efficiently all the time.• We raise $30M to (a) scale up with already engaged customers, (b) expand international presence: the US and SE Asia/Singapore, (c) enter new verticals like biofuels and geothermal.ANGARA works with clients in the US, Europe, and South-East Asia.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 3, 2020 | Series B | $6M | 1 | — | — | Detail |
Mar 1, 2019 | Series B | $1.90M | 1 | Foxtail Investment | — | Detail |
Apr 28, 2016 | Series A | $1.50M | 1 | FPI Ventures | — | Detail |
Jun 1, 2015 | Series Unknown | — | 1 | FPI Ventures | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Foxtail Investment | Yes | Series B |
FPI Ventures | Yes | Series A |
MM Energy | — | Series B |