8% of global emissions arising from human activity comes from the cement industry. Cement along with sand and gravel are the primary components of concrete. Most concrete formulations have been overdesigned with excess cement for their intended applications. Concrete-AI uses data science machine learning to help cement and concrete manufacturers develop the ideal formulations, leading to cost efficiencies and improvement in carbon emissions. The company is already in pilot with some of the largest companies in the space and initial results have shown cost savings of up to 10% and carbon footprint reductions of up to 50%. Offered as a SaaS solution, Concrete-AI targets the $652B global cement and concrete market that’s expected to exceed $1T by 2030. LA TechWatch caught up with Concrete-AI CEO Alex Hall to learn more about the concrete and cement industry and its impact on the environment, the company’s strategic plans, recent round of funding, and much, much more…
11 deals; $150M+ in new funding for LA startups. LA Tech news for the week ending 1/15 featuring news for Brella, Masters, and much, much more.
4 new deals including two that you will not read about elsewhere. The latest venture capital, seed, pre-seed, and angel deals for LA startups for 1/13/2022 featuring funding details for Concrete-AI, Masters, and much more.