Alcemy is an AI-powered software, cement, and concrete-producing deeptech startup that raised $10 million in a round led by VC firm Norrsken. The funding round included the firm’s existing investors, including AENU and Galvanize Climate Solutions. These fresh proceeds will be used to enhance its platforms, cement decarbonization, research, and product development. Here, we are talking about Deeptech startup Alcemy secured $10 million in a funding round led by Norrsken VC.
The startup will mainly focus on expanding its network in other countries, including the US. The funding round came after the company partnered with Spenner to produce a low-carbon and low-clinker cement mixture in a commercial setting. The CEO of Alcemy mentioned that the company aims to achieve decarbonization of the cement and concrete industry to reduce carbon emissions—the firm plans to achieve a low-carbon construction industry through this funding. The startup offers an AI platform to tackle cement decarbonization by providing quality solutions throughout production. This funding round shows Norrsken VC’s trust in Alcemy’s market potential and business model.
Alchemy software enables cement and concrete producers to reduce clinker content and 65 percent of emissions. The firm’s AI-driven software holds huge global potential that can impact climate change. The partner at Norrsken VC, Alexander Danielsson, mentioned that the firm will revolutionize the cement and concrete industry globally. Alchemy has clients, including TITAN, a leading cement manufacturing company. The firm plans to start its US activities this year with AI-based software. This fresh capital will be used to develop innovative solutions for market expansion and to enhance the platform’s performance capability.
The startup offers solutions to reduce carbon emissions and help global cement producers decarbonize in a scalable, profitable, and efficient manner. The firm claims to have an approach to reducing carbon emissions by 30 percent per ton. The company will use a portion of this investment to strengthen its market presence while expanding globally. The deep tech startup offers a solution for concrete and cement producers to carry out the process cost-effectively and sustainably without affecting the environment.
Conclusion
Alchemy is an AI-powered cement and concrete manufacturing deep tech startup that secured $10 million in a round led by VC firm Norrsken and AENU. The startup intends to use this amount to scale up its in-house infrastructure, cement decarbonization, research, hire teams for product development, expand to the global market, and advance its technology. The company recently partnered with Spenner to produce a low-carbon and low-clinker cement mixture in a commercial setting.
The company aims to decarbonize the cement and concrete industry to reduce carbon emissions. The deep-tech startup plans to achieve a low-carbon construction industry through this funding. The startup offers an AI platform to tackle cement decarbonization by providing quality solutions throughout production. This funding round shows Norrsken VC’s trust in Alcemy’s market potential and business model—the firm plans to start its US activities this year with AI-based software.
