CarbonBlue Raises $10M in Funding
Summary
The company intends to use the funds to expand its global operations, scale up its technology and pursue novel integrations with water-utilizing industrial facilities. Led by Dr. Dan Deviri, CarbonBlue is a climate tech startup that has developed technology for the removal of CO from the environment through the use of water and water-utilizing industries and infrastructure. Founded in 2022, it is constructing a facility integrated with the Maagan Michael desalination plant, and is developing projects in Europe, the MENA region, and North and South America. Commenting on the news, Dr. Dan Deviri said: “It will allow us to expand our collaborations with major players in the climate, energy, and water sectors, and help us solidify and mature our technology and its applications. This vote of confidence from industry leaders validates our approach; it shows that they believe climate change deeply affects their core businesses, and that CarbonBlue’s contribution to this global effort is a significant one.”