AICrete: Raises $4M in Seed Funding

AICrete Raises $4M in Seed Funding

  • AICrete, a Richmond, CA-based platform optimizing local materials for cleaner and more cost-efficient concrete, raised $4m in a seed funding
  • The round was led by Clear Ventures and VoLo Earth Ventures with participation from Cortical Ventures
  • In connection with their investment, Vijay Reddy, Partner at CLEAR Ventures, and Kareem Dabbagh, Managing Partner of VoLo Earth Ventures, will join the AICrete Board of Directors
  • The company provides a platform that works with concrete producers to optimize local materials to minimize their concrete mixture costs and CO2 footprint. for more info
  • The company is combining data and AI with automation and robotics, and aims to make these optimizations in real time in the coming years
  • These measures also improve the supply chain issues plaguing the industry
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Revolut’s Storonsky Strengthens Residency in UK After Filing Error

CEO Nik Storonsky clarifies residency status following administrative mistake.Highlights: Nik Storonsky corrects residency status following a filing error.Revolut's...

PicPay Strengthens Position with $25 Billion Valuation in New York IPO

The Brazilian payments platform PicPay goes public, marking a significant milestone.Highlights: PicPay valued at $25 billion following its...

Long-Term DEI Efforts Strengthen Business Outcomes

Exploring how diversity, equity, and inclusion impact corporate success.Highlights: Diversity, equity, and inclusion (DEI) enhance employee engagement.Companies with...

EBAday Fintech Zone Winners Strengthen Industry Presence

Insights into past winners and their ongoing impact on fintech.Highlights: EBAday 2023 showcased multiple fintech innovations.Winners are expanding...