Berlin-based startup Alcemy has raised $10 million to advance its cement decarbonization solutions. Founded in 2018 by Leopold Spenner and Dr. Robert Meyer, the company aims to digitize and green the concrete and cement industry.
Alcemy’s AI platform addresses cement decarbonization by offering quality predictions throughout the clinker production process and at ready-mix concrete plants. Using data and smart algorithms, Alcemy provides real-time insights across the value chain, transforming cement from a handcrafted natural product into a data-driven high-tech material.
Alcemy’s solution helps the cement industry, known for high emissions, to achieve higher quality, lower production costs, and significant CO2 reductions. By gradually reducing clinker content, Alcemy’s software can cut emissions by up to 65%.
Recently, Alcemy partnered with Spenner, Germany’s fifth-largest cement manufacturer, to produce a low-clinker, low-carbon cement mixture in a commercial setting, a global first. The company also collaborates with TITAN America to deploy its AI-powered quality control software at a cement plant in Florida.
Norrsken VC led the funding round, with participation from climate investors such as Galvanize Climate Solutions and AENU. The funds will support Alcemy’s research and development and facilitate its entry into new markets, including the United States, in 2024.
Leopold Spenner, CEO and co-founder of Alcemy, stated, “We launched Alcemy to decarbonize the cement and concrete industry, which accounts for 5-8% of global CO2 emissions. Our commercial achievements have surpassed previous lab results, paving the way for a low-carbon construction industry.”
Alexander Danielsson, partner at Norrsken VC, added, “We are excited to support Alcemy. Their AI-driven software shows strong market potential and makes a significant impact in combating climate change. With their clear vision and proven track record, Alcemy is set to revolutionize the cement and concrete industry globally.”
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By Proptechbuzz
By Ravi Kumar