Gigaton

Investor: Plural

Gigaton, a pioneering company developing autonomous, self-learning AI control software for energy-intensive industries, has successfully secured £19.3m ($26m) in a Series A funding round.Summary of transaction details:Value: £19.3 million (Series A)Sector: DeepTech & AI (Industrial Automation)Advisor: Not specifiedKey Entities: Gigaton (Target), Plural (Lead Investor), 2150, Semapa Next, Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund, Clean Growth Fund (Participating Investors)Location: Not specifiedNote: This investment will fuel Gigaton's expansion, including a five-fold increase in its team and a strategic entry into steel, glass, and chemicals sectors, addressing the critical need for advanced AI infrastructure to combat soaring energy costs and operational complexities in traditional industries.

Investor: Plural

Gigaton, a London-based AI company previously known as Carbon Re, has successfully secured £19.3 million in Series A funding.Summary of transaction details:Value: £19.3 millionSector: DeepTech & AIAdvisor: None mentionedKey Entities: Target: Gigaton, Lead Investor: Plural, Participants: 2150, Semapa Next, Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund, Clean Growth FundLocation: London (Target), Tallinn/London (Lead Investor)Note: This Series A funding round will significantly fuel Gigaton's expansion, enabling a five-fold increase in its workforce and diversification into the steel, glass, and chemicals sectors, reinforcing its mission to enhance industrial control and reduce emissions through advanced AI solutions.