Continuum Industries, an Edinburgh, UK-based AI energy transition company, raised $10M in Series A funding.
The round, which brought total funding to date to $15.5M, was led by Singular with participation from previous investors Credo, Playfair, Techstart Ventures, and angels including executives from UiPath, Skyscanner, and SSE also participated.
The company intends to use the funds to support its growth as it aims to double headcount to facilitate the creation of new functionality to support developers across more project stages, and expand into new territories over the next 12 months.
Led by Grzegorz Marecki, Continuum Industries is a software company providing a renewable energy by enabling energy infrastructure planning and an AI-powered platform – Optioneer – that enables power, utility, and renewables companies to visualise, analyse, and comprehensively assess routing options for power lines, onshore and offshore cables, and pipelines for hydrogen, water, and CO2.
Founded in 2018, the company is supporting customers in the UK, the Netherlands, Spain, Italy, and the USA – including National Grid, SSEN Transmission, National Gas Transmission, Fred, Olsen Seawind, and Iberdola Group – with the assessment of thousands of kilometres of assets across large-scale projects.
FinSMEs
25/09/2023