Furno Secures $6.5 Million Seed Funding to Cement a Carbon Neutral Future
Summary
With the effects of climate change on the rise, innovation is desperately needed in the industry but nearly impossible to execute as there is currently no affordable way to make cement at smaller scales. Additionally, emissions regulations are on the rise and the current technology for cement production leaves little economic wiggle room for meeting stringent and evolving environmental rules. At Furno, we have the ability to produce Ordinary Portland cement now, adapt to a range of gas-based fuels and materials innovations as they emerge and meet demand where it exists while still abiding by a shifting regulatory landscape. While most companies tout meeting these standards and stop there, we have continued to refine our process and are on target to surpass the even higher commercial requirements set by significantly-sized customers eager for our solution. This funding will enable the company to continue to scale its technology, provide more customers with samples to garner feedback and, perhaps most significantly, aid in the development of the Furno Brick.