Real-world AI startup Recipe-as-a-service raises $4M in seed funding | New
Real-world AI startup AICrete announced that it has raised $4 million in seed funding led by venture capital firms CLEAR Ventures and VoLo Earth Ventures, as well as Cortical Ventures.
AICrete is a recipe-as-a-service platform that optimizes materials for cleaner, more cost-effective concrete. The company responds to the wastefulness of conventional concrete production which often relies on “gut feeling” to come up with mix recipes. However, the resulting concoctions aren’t always necessarily the most cost-effective or eco-friendly option. This under-optimization leads to waste and sustainability issues in a trillion dollar industry responsible for 8-10% of the world’s carbon dioxide emissions.
AICrete solves this problem by using artificial intelligence (AI), machine learning, and domain knowledge to create more optimal concrete mixes for ready-mix and precast concrete producers. Customers indicate the properties and goals they want to achieve and provide data sheets on the raw materials and costs of the concrete mixes they want AICrete to optimize. The company then tests various raw material combinations to meet customer goals while minimizing cost and carbon dioxide per cubic meter. According to AICrete, this method enables concrete producers to reduce their carbon footprint by up to 35%.
“The AICrete technology is a great approach and should be of great benefit to many concrete producers,” said Martin Scheiber, director of manufacturing at Clark Pacific, a manufacturer of precast building systems. “The increasingly complex nature of material selection and proportioning, along with the continued increase in raw material costs as well as the reduction in the overall carbon footprint of concrete will dictate the need for this type of service for teams. of R&D, quality and operations of the entire industry.”
According to AICrete’s press release, the company will use this round of funding to expand its proof-of-concept program to several key concrete producers; expand its database and improve its predictive machine learning models; and developing software and robotic systems to automate data collection.
Although AICrete offers a service that mitigates the environmental impacts of the concrete industry, it could be argued that reducing concrete producers’ carbon emissions by 35% is still not enough. This is particularly poignant as alternatives to concrete and construction grow and gain popularity, such as 3D printing or organic building materials. With ambitious goals, including the goal of reducing carbon dioxide emissions by a quarter by 2030 and achieving carbon neutral concrete by 2050, the continued use of concrete, even more optimized, should be questioned.