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AI + Carbon = Funded Startups

Aug 03, 2023 - news.crunchbase.com
The article discusses the increasing trend of startup funding in the areas of artificial intelligence (AI) and carbon removal. Over the past two years, more than $400 million has been invested in companies specializing in both areas. Some of these companies include Sylvera, a climate software startup that uses machine learning to assess carbon projects, and Pachama, which uses AI to help companies invest in carbon credits. Other companies are developing software to help businesses track and reduce their carbon emissions.

The article also highlights companies using AI for environmental purposes, such as Saildrone, which uses unmanned boats to collect ocean data and monitor the ocean's carbon absorption. Arloid Automation uses AI to make buildings more energy efficient, while BluWave-ai optimizes the grid for clean energy. The article concludes by suggesting that AI could play a leading role in reducing carbon footprints, contrary to its often negative portrayal in science fiction.

Key takeaways:

  • Artificial intelligence and carbon removal are two popular themes for startup funding, with over $400 million invested in the past two years in companies focusing on both areas.
  • Carbon-tracking software is a particularly popular focus, with companies like Sylvera and Pachama receiving significant funding for their work in this area.
  • Other companies are using AI to optimize energy use and reduce carbon footprints in various sectors, from ocean data collection to building automation and grid optimization.
  • Despite the buzzword nature of AI, it is playing a significant role in complex analyses and decision-making processes related to energy use and carbon reduction.
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