Fortera, a San Jose, CA-based materials technology company, raised $85M in Series C funding.
Backers included Khosla Ventures and Temasek, Wollemi Capital, NOVA by Saint-Gobain, Presidio Ventures, and Alumni Ventures.
The company intends to use the funds to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure.
Led by CEO Ryan Gilliam, Fortera is a materials technology company. Founded on more than ten years of real-world product demonstration and 100+ patents, the company is now operating its first ReCarb® Plant in Redding, California, which utilizes the ReCarb process, a method to manufacture low-carbon cement (zero CO2 cement) within the existing production infrastructure. This technology integrates with current cement facilities, leveraging the entire production framework, from machinery to feedstocks, to ensure a globally scalable solution for sustainable cement manufacturing. The resulting product, Fortera’s ReAct® green cement, is market-ready, meets regulatory standards, and can be blended with or used in place of traditional cement.
FinSMEs
20/08/2024