Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback Contech startups that track vendors, decarbonize cement, manage contracts and run schedules were able to raise cash recently, even as commercial construction shows signs of softening, and elevated interest rates continue to stymie projects. Here are five firms that announced funding rounds over the past month. Fortera $85 million San Jose, California-based cement decarbonization business Fortera raised $85 million in a Series C funding round, the company announced on Aug. 20. Fortera’s ReCarb process bolts onto existing cement manufacturing plants and captures the industrial carbon dioxide emissions from traditional cement production, according to the release. It then converts the gas to mineral form to achieve a ready-to-use low-carbon cement.
Fortera’s low-carbon cement technology is based on a novel approach to cement production that utilizes a combination of innovative materials and processes. This approach aims to reduce the carbon footprint of cement production, a sector known for its significant contribution to greenhouse gas emissions. The company’s technology is designed to achieve a significant reduction in the amount of carbon dioxide emitted during cement production.
This feature aims to streamline workflows and improve efficiency. Here’s a breakdown of the new Schedule Agent feature:
**1. AI-Powered Linking:**
Schedule Agent leverages AI to automatically connect activities and events on a project’s calendar with relevant supporting documentation. This means that when you schedule an event, like a meeting, the tool will automatically identify and link it to the corresponding documents, such as meeting minutes, presentations, or project plans.
Planera is a software company that specializes in developing software solutions for the hospitality industry. The funding will be used to:
* Enhance existing software solutions with new features and functionalities. * Develop new software solutions to cater to the evolving needs of the hospitality industry.
But, as the steel industry shifts from using fossil fuel-burning blast furnaces to electric arc furnaces, it has presented a different problem. The new e-slag from electric furnaces cannot be used as a cement substitute, leading to critical shortages of a material concrete manufacturers rely on to reduce their carbon footprint. Cocoon says its technology takes e-slag and turns it into a near-identical replacement for blast furnace slag, according to the release. Its modular technology — the size of a shipping container unit — is highly scalable and integrates into the end of existing steel-making processes without operational disruption, high capital expenditure, or safety compromises, the company claims.
A. Investing in Innovation: Fueling Growth Through Technology
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The company is receiving a significant investment to expand its operations and accelerate its growth. This investment will be used to scale its engineering and science teams, accelerate commercialization efforts, and build an industrial lab and demonstrator plant in the U.K. to further its research and development.
With the funding, the company will grow its team of software engineers, said Victor Zhang, CEO and co-founder of Trestle, in the release.
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