A business called Furno, situated in Mountain View, California, has secured $6.5 million in seed money with the goal of decarbonizing the cement producing sector.
Energy Capital Ventures led the round, with Cantos, Neotribe, and O’Shaughnessy Ventures following. Breakthrough Energy took involved in non-dilutive fundraising in the past.
The business plans to utilize the money to further improve the Furno Brick, provide samples to additional consumers in order to get their input, and scale up its technology even further.
Furno, a science-backed firm led by Gurinder Nagra, is dedicated to addressing climate change by using its innovative combustion technology to lower the carbon footprint linked to conventional cement manufacturing. Customers may use it to create their own cost-effective modular cement factories that grow according to demand.
With the help of its innovative combustion technology, the business unveiled the Furno Brick, an end-to-end cement manufacturing unit whose reactor integrates four phases into a single, compact reactor, cutting costs, carbon emissions, and physical footprint.
Thanks to the company’s innovative kiln and combustion technology, cement can be produced efficiently using gas-based fuels instead of solid fuels, reducing carbon dioxide emissions and completely eliminating sulfur oxides (SOx) and nitrogen oxides (NOx).
Gurinder Nagra offered the following statement in response to the news: “Our cement far exceeds ASTM standards, a bare-minimum quality threshold.” While the majority of businesses just claim to have met these criteria, we have worked to improve our procedure and are on track to satisfy even more stringent commercial requirements established by large, hungry clients.
About Furno
Furno is an earth-first, science-backed, and data-driven startup committed to mitigating climate change. We’re here to tackle big cement, an industry responsible for nearly 10% of global CO2 emissions.
