The startup focuses on expanding its industrial ‘Carbon Cockpit’ functionality to spearhead the growth across ‘hard-to-abate’ industries.
Thursday, Jan 04, 2024, BENGALURU, India: LivNSense, a pioneering cleantech venture, has secured funding from Pavestone Technology Fund (Pavestone) as part of its $2.75 million growth round. The startup, established in 2018, has since implemented over 50 projects globally, issued 55,000 green tags in real-time and has over “160 science-based models powered by Hydrid AI/ML, deep learning techniques” that can provide “real-time and predictive analytics.”
Reiterating his company’s commitment towards a Net Zero Planet, Avnish Kumar, founder of LivNSense™, said, “we are pleased to announce that our latest funding round led by Pavestone will help us continue to build our Green-AI platform with a goal to deliver 100s of megatons of Carbon reductions and touch upon billion of lives globally. We believe that Pavestone’s investment thesis and approach would make them an ideal partner in our journey”.
LivNSense’s flagship product, ‘GreenOps’, utilizes AI and Digital Twins technology to reduce carbon emissions.
The company has filed a patent for its CO2 Benchmarking and Optimization technology, the core enabling tech addressing greenhouse gas emissions. According to the company website, this “advanced Carbon Management Platform” is deployed in North America and Indian markets across Fortune 500 customers.”
The startup’s revenue and profits have seen steady growth, and this funding will be used to expand GreenOps’ capabilities and enter new markets. LivNSense is focusing on expanding its industrial ‘Carbon Cockpit’ functionality to spearhead the growth across ‘hard-to-abate’ industries.
“We are excited to work with LivNSense towards decarbonization of ‘hard-to-abate’ sectors. The team’s expertise in building engineering led Artificial Intelligence and Digital Twins to impact the carbon lifecycle would help to address the industry challenges for both real-time carbon measurement to energy transition by usage of Alternate/Green Fuels. We believe that the company’s foundational knowledge of energy and process systems, coupled with an IP-led approach, would be a key differentiator,” said V. Laxmikanth (VLK), Managing Partner at Pavestone.
LivNSense was one of the notable companies recognized for its innovation in the #MannkiBaat episode by Shri Narendra Modi, the Hon’ble Prime Minister of India.
“Fossil fuels will still be one of the major feedstocks after 2030 given the current state of carbon mitigation. GreenOps™ has a unique advantage for long-term play even after process electrification and green hydrogen technologies are commercialized. GreenOps™ would integrate into these technologies in the future as a ‘full stack decarbonization’ platform for comprehensive energy balance management,” said Priyanka Kumar, Co-founder and COO at LivNSense™.
Visit LivNSense GreenOps Private Limited (LivNSense™) at www.LivNSense.com
Visit Pavestone Technology Fund at www.pavestone.vc
