Alcemy is an AI-powered software, cement, and concrete-producing deeptech startup that raised $10  million in a round led by VC firm Norrsken. The funding round had the participation of the firm’s  existing investors including AENU and Galvanize Climate Solutions. These fresh proceeds will be used  to enhance its platforms, cement decarbonization, research, and product development. 

The startup will mainly focus on expanding its network in the countries including the US. The funding  round came after the company partnered with Spenner to produce a low-carbon and low-clinker  cement mixture in a commercial setting. The CEO of Alcemy mentioned that the company aims to  achieve decarbonization of the cement and concrete industry to reduce carbon emissions. The firm  plans to achieve a low-carbon construction industry through this funding. The startup offers an AI  platform to tackle cement decarbonization by offering quality solutions throughout production. This funding round shows the trust of Norrsken VC in Alcemy’s market potential and business model. 

The software of alcemy enables cement and concrete producers to reduce clinker content and reduce  65 percent of emissions. The AI-driven software of the firm holds a huge global potential that can  impact climate change. The partner at Norrsken VC, Alexander Danielsson mentioned that the firm will  revolutionize the cement and concrete industry globally. Alcemy has clients including TITAN which is a  leading cement manufacturing company. The firm plans to start its US activities this year with AI-based  software. This fresh capital will be used to develop innovative solutions for market expansion and to  enhance the performance capability of the platform. 

The startup offers solutions to reduce carbon emissions and help global cement producers decarbonize in a scalable, profitable, and efficient manner. The firm claims to have an approach to reduce carbon  emissions by 30 percent per ton. The company will use a portion of this investment to strengthen its  market presence while expanding globally. The deeptech startup offers a solution for concrete &  cement producers to carry the process in a cost-effective, and sustainable process without affecting the environment. 

Conclusion: 

Alcemy is an AI-powered cement, and concrete manufacturing deeptech startup that secured $10  million in a round led by VC firm Norrsken and AENU. The startup intends to use this amount to scale  up its in-house infrastructure, cement decarbonization, research, hire teams for product development,  expand to the global market, and advance its technology. The company recently partnered with  Spenner to produce a low-carbon and low-clinker cement mixture in a commercial setting The  company aims to achieve decarbonization of the cement and concrete industry to reduce carbon  emissions. The deeptech startup plans to achieve a low-carbon construction industry through this  funding. The startup offers an AI platform to tackle cement decarbonization by offering quality  solutions throughout production. This funding round shows the trust of Norrsken VC in Alcemy’s market potential and business model. The firm plans to start its US activities this year with AI-based  software.