AICrete Raises $4M in Seed Funding

AICrete, a Richmond, CA-based platform optimizing local materials for cleaner and more cost-efficient concrete, raised $4m in a seed funding.

The round was led by Clear Ventures and VoLo Earth Ventures with participation from Cortical Ventures. In connection with their investment, Vijay Reddy, Partner at CLEAR Ventures, and Kareem Dabbagh, Managing Partner of VoLo Earth Ventures, will join the AICrete Board of Directors.

Led by Parham Aghdasi, Founder and CEO, AICrete provides a platform that works with concrete producers to optimize local materials to minimize their concrete mixture costs and CO2 footprint.  for more info.

The solution optimizes and validates a mixture in days and reduces material costs alongside the CO2 footprint by augmenting the current capabilities of concrete producers and their technical teams to discover and develop more advanced, cost-effective, durable, and sustainable concrete mixtures.

The company is combining data and AI with automation and robotics, and aims to make these optimizations in real time in the coming years. These measures also improve the supply chain issues plaguing the industry.

AICrete will use this funding to expand its paid proof of concept program to several key concrete producers to illustrate its current capabilities; expand its database and further improve its predictive machine learning models; as well as, automate data collection through the development of software and robotic systems.