London AI startup Gigaton raises $26M Series A for autonomous industrial control software
By
Tamara Djurickovic
Toasted golden, schmeared with insight. Top of the rack.
Summary
London-based AI startup Gigaton has raised $26 million in Series A funding (totaling over $35 million) to scale its autonomous control software for energy-intensive industries. The round was led by Plural, with participation from 2150, Semapa Next, and existing investors. The company's AI-driven software aims to help industries facing rising energy costs and evolving fuel sources optimize their operations.
Key quotes
· 4 pulledGigaton, a London-based AI company developing control software for energy-intensive industries, has raised $26 million in Series A funding.
The round was led by Plural, with participation from 2150, Semapa Next, and existing investors Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund managed by AlbionVC with UCL Business, and Clean Growth Fund.
The financing brings the company's total funding to more than $35 million.
Energy-intensive industries are facing growing operational pressures driven by rising energy costs, evolving fuel sources and market
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