The financing was led by Prime Movers Lab, a leading investor in breakthrough scientific startups, with participation from Idealab X, Marc Benioff's TIME Ventures, Neotribe Ventures, Alumni Ventures, and several other venture investors. Funds will be used to further technology development and to field early installations of CarbonCapture's modular DAC systems.
"To realise our ambitious mission to decarbonise the atmosphere, it's imperative that we marshal the capabilities of the global industrial community," said Adrian Corless, CEO of CarbonCapture Inc. "That's why I'm so excited to welcome our new strategic investors — the unparalleled logistics and supply chain prowess of Amazon, the world-class capabilities of Aramco Ventures, and the digital transformation and energy transition expertise of Siemens will be pivotal to helping us scale DAC in the coming years. We also want to thank our existing investors for their continued belief and support. Together, we're stepping closer to a cleaner, healthier planet for future generations."
CarbonCapture develops, manufactures, and deploys highly scalable solid sorbent DAC systems based on its patented modular open systems architecture.
