LOS ANGELES, CA, Concrete-AI today announced it has raised $2 million in a seed financing.
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.
Concrete-AI is a data science company that delivers cost-savings and embodied carbon reductions in concrete production. By leveraging the power of artificial intelligence (AI) and machine learning (ML), Concrete-AI's platform designs and proportions the optimal concrete for any construction application. This reduces costs and embodied carbon footprint of concrete, while ensuring certainty of performance, compliance with existing codes and standards.
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