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HomeFunding CA-based Furno Secures $6.5Million in Seed Funding

[Funding alert] CA-based Furno Secures $6.5Million in Seed Funding

Furno is a data-driven, science-backed firm, situated in Mountain View, California, has secured $6.5 million in seed money with the goal of decarbonising the cement production industry.

Furno is a data-driven, science-backed firm, situated in Mountain View, California, has secured $6.5 million in seed money with the goal of decarbonising the cement production industry.

Energy Capital Ventures led the round, with participation from Cantos, Neotribe, and O’Shaughnessy Ventures. Previously, Breakthrough Energy received non-dilutive investment.

With the money, the company plans to expand its technological capabilities, offer samples to additional clients in order to get their opinions, and support the creation of the Furno Brick.

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Furno, an earth-first, science-backed firm led by Gurinder Nagra, is dedicated to reducing climate change with their innovative combustion method, which lowers the carbon footprint associated with typical cement production. Customers can use it to design their own cost-effective modular cement factories that scale according to demand.

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With the help of its innovative combustion technology, the business unveiled the Furno Brick, an end-to-end cement production unit whose reactor integrates four phases into a single, compact reactor, cutting costs, carbon emissions, and physical footprint.

Gurinder Nagra said: “Our cement far exceeds ASTM standards, a bare-minimum quality threshold. While most companies tout meeting these standards and stop there, we have continued to refine our process and are on target to surpass the even higher commercial requirements set by significantly-sized customers eager for our solution.”

About Furno

Establishing a Future Free of Carbon. Furno is a data-driven, science-backed firm that prioritises the environment and is dedicated to reducing climate change. their objective is to address the large cement sector, which contributes approximately 10% of the world’s CO2 emissions.

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