# AICRETE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aicrete

- Industry: Environmental Services
- Headquarters: Richmond, US
- Website: www.aicrete.com
- Total disclosed funding: $9.4M
- Latest round: Seed (Aug 5, 2024)
- Investors on record: 4

## About

Based in California, US, and founded in 2020, AICRETE Corp. provides a platform that optimizes local materials to minimize the cost of their concrete mixture cost and CO2 footprint by working with concrete producers. In September 2024, AICRETE Corp. raised USD 5 million in seed funding led by returning investor Clear Ventures, with participation from new investor Pulse Fund. Returning investors Cortical Ventures and VoLo Earth Ventures also participated in the round. The founder and CEO of the company are Parham Aghdasi.

The company offers a machine learning-driven concrete-recipe-as-a-service model which helps in discovering and optimizing more cost-effective and sustainable concrete mixtures. In the recipe-as-a-service model, the first customer needs to define their properties and objectives and they have to provide the raw material data sheet and cost for the concrete mixture they want the firm to optimize. And then customers have to ship samples of raw materials to the firm and then the company test the various combination of raw material to achieve customer objective, and finally, the firm delivers the optimized concrete mix to the customers.

The company plans to use the September 2024 funding to expand its market reach across the US and further develop its capabilities.

## Funding rounds

- Seed, Aug 5, 2024, $4.6M — Clear Ventures, VoLo Earth Ventures, Cortical Ventures, Pulse Fund
- Seed, May 12, 2022, $4.8M — Clear Ventures, VoLo Earth Ventures, Cortical Ventures

## Investors

- Clear Ventures (https://capitalatlas.ai/funds/clear-ventures) — Seed
- VoLo Earth Ventures (https://capitalatlas.ai/funds/volo-earth-ventures) — Seed
- Cortical Ventures (https://capitalatlas.ai/funds/cortical-ventures) — Seed
- Pulse Fund (https://capitalatlas.ai/funds/pulse-fund) — Seed