Gigaton

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 million
• Sector: DeepTech & AI
• Advisor: None mentioned
• Key Entities: Target: Gigaton, Lead Investor: Plural, Participants: 2150, Semapa Next, Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund, Clean Growth Fund
• Location: 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.