# Furno Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/furno-materials

- Industry: Materials
- Headquarters: Mountain View, US
- Website: www.furno.com
- Total disclosed funding: $6.5M
- Latest round: Seed (Feb 2, 2024)
- Investors on record: 4

## About

Founded in 2020 and based in California, US, Furno Materials Inc. developed a carbon-neutral technology for clinkers and cement-related products, that are less harmful to the environment. In October 2024, Furno Material Inc. raised USD 20 million of grant funding from new investor U.S. Department of Energy.

Furno Materials Inc. developed a technology known as modular carbon-neutral, which is a compact and modular design allowing for a low CAPEX solution. The company’s technology delivers increased energy efficiency, requiring less energy per ton of cement compared to conventional large-scale plants. It ensures regulatory compliance, producing clinker identical in composition and performance to the global standard in the existing cement supply chain. In addition, the firm provides its sale, utilization, or storage without the burdensome costs associated with capture and purification. The production process involves meticulous steps, from accepting raw materials to real-time combustion optimization using machine learning, resulting in superior-quality, ASTM-certified clinker. 

The company plans to use the February 2024 funding to support the development of its technology.

## Funding rounds

- Seed, Feb 2, 2024, $6.5M — NeoTribe Ventures, Energy Capital Ventures, Cantos, O'Shaughnessy Ventures

## Investors

- NeoTribe Ventures (https://capitalatlas.ai/funds/neotribe-ventures) — Seed
- Energy Capital Ventures (https://capitalatlas.ai/funds/energy-capital-ventures) — Seed
- Cantos — Seed
- O'Shaughnessy Ventures (https://capitalatlas.ai/funds/o-shaughnessy-ventures) — Seed