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07.07.2024 | Tech and Business News

Alcemy Secures $10 Million to Revolutionize Cement Industry

Alcemy, a Berlin-based GreenTech startup, has secured $10 million in funding to accelerate the decarbonization of the cement and concrete industry. The investment round was led by Norrsken VC, Europe's largest early-stage impact fund, with participation from Galvanize Climate Solutions, BitStone Capital, and AENU.

According to information from Norrsken VC, Alcemy's AI-powered platform enables the production of cement and concrete with up to 65% less CO2 emissions. This innovative technology provides insights along the entire value chain, from cement grinding to concrete processing.

Founded in 2018 by Leopold Spenner and Dr. Robert Meyer, Alcemy utilizes machine learning and control engineering to predict cement and concrete quality properties. The company has already established itself as a market leader in Germany for predictive quality control in cement and ready-mix concrete plants.

With the new capital, Alcemy plans to expand its market presence and implement its technology in six additional European countries, the United States, and Turkey. "Our vision is to work with customers and manufacturers to drive the decarbonization of the cement and concrete industry, which is responsible for 5-8% of global CO2 emissions," explains Leopold Spenner, CEO and co-founder of Alcemy.

The startup's technology is currently used in one-third of all German cement plants and over 40 ready-mix concrete plants. Notable customers include Rohrdorfer, Märker, Dyckerhoff, Spenner, Max Bögl, and Valet+Ott.

As the cement industry faces increasing pressure to reduce its environmental impact, Alcemy's solution offers a promising path towards sustainable construction practices.

Find out more about Alcemy in our story The Sustainable Urban Jungle and in the interview with Leopold Spenner.

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