Artificial intelligence-driven decarbonisation platform LivNSense has raised $2.75 million in pre-Series A round led by Pavestone Technology Fund (Pavestone VC).
The company plans to allocate the funds towards building its green AI platform to deliver 100s megatons of carbon reduction and create impacts globally, LivNSense stated in a press release.
Co-founded in 2018 by Avinash Kumar and Priyanka Kumar, LivNSense is an Industrial AI company that addresses net zero challenges to reduce GHG carbon emissions across the globe. LivNSense has launched GreenOps, a specialised energy balance AI platform to address net zero challenge.
According to the Bengaluru-based company, it helps firms focus on decarbonization across process value chains with patented IPS and is used by leading global players across cement & asphalts, metals and petrochemical manufacturing industries to help reduce carbon emissions and improve profitability.
LivNSense registered revenue of 2.45 crore during FY23 as compared to Rs 2.18 crore during FY22 with a profit of Rs 4.76 lakhs and 7.27 lakhs respectively.
Pavestone is a SEBI Regulated Alternative Investment Fund (AIF) with a target corpus of Rs 700 crore and has backed companies like E42.ai, Newspace, and Bellatrix Aerospace.