Cement and concrete decarbonization startup Alcemy has raised $10 million in funding for its cement decarbonization solutions.
Leopold Spener and Dr. Robert Meyer founded the Berlin-based start-up Alcemy in 2018. Their vision is to transform the concrete and cement industry into the digital and green era.
alcemy’s AI platform is tackling the decarbonization of cement head-on by providing quality predictions throughout the clinker production process and in ready-mix concrete plants.
Through robust data and smart algorithms, alcemy delivers real-time and relevant insights across the entire value chain, from the cement grinding cradle to concrete processing on the construction site. In this way, handcrafted natural products become data-driven, high-tech products.
With alcemy’s solutions, companies in some of the most emitting industries can benefit from improved quality, reduced production costs and significant CO2 reductions.
alcemy’s software allows cement and concrete producers to gradually reduce clinker content, leading to emissions reductions of up to 65 percent.
The company recently partnered with Spener, Germany’s fifth largest cement manufacturer, to produce a low-clinker, low-carbon cement mix in a commercial setting, a world first for the industry.
The funds, led by Norrsken VC, will be used for continued research and development and to support Alcemy’s entry into multiple new markets, including the United States, in 2024. Leading climate investors including Galvanize Climate Solutions and AENU also participated in the round.
“We launched Alsemy with a bold vision: to work with manufacturers to decarbonize the cement and concrete industry, which accounts for 5-8% of global CO2 emissions.
What we’ve been able to achieve in a commercial environment was previously only possible in the lab.”
“In addition to our first round of investors, we now have approximately $10 million in additional funding and support from Norrsken VC, and we will continue to pave the way for a low-carbon construction industry, project by project,” said Leopold Spener, CEO and co-founder of alcemy.
Alexander Danielsson, Partner at Norrsken VC said:
“We are thrilled to support Alsemii on their journey. Their AI-driven software has shown incredible adhesion in the market and has huge global potential to make a tangible impact in the fight against climate change.”
With a clear vision, a proven track record and a growing, talented team, Alsemi is poised to lead the way in revolutionizing the cement and concrete industry worldwide.”
Alsemi has also acquired Titan America, a major cement manufacturer and subsidiary of the global Titan Group, as a customer. The startup plans to begin operations in the U.S. by introducing AI-based quality control software to Titan’s cement plant in Florida.
Main image: Alcemy. Photo: Uncredited
