Published: June 3, 2026 at 8:14 am
Gigaton, the London-based AI company formerly known as Carbon Re, has raised £19.3m ($26m) in Series A funding led by Plural.
Gigaton is replacing the control software that runs energy-intensive industries and is already deployed by several of the world’s largest cement producers, including Adani Cement, Heidelberg Materials and Holcim, which are saving more than $1m per year in energy costs and emissions.
The Series A raise included participation from 2150, Semapa Next and existing investors Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund managed by AlbionVC with UCL Business, and Clean Growth Fund.
It brings Gigaton’s total funding to more than $35m (£26m).
This will fund a five-fold increase in its workforce and expansion into the steel, glass and chemicals sectors, enabling its mission to strengthen industrial control and reduce emissions.
Josh Vernon, CEO of Gigaton, said: “We have built Gigaton to deliver real cost and carbon savings now while building the AI infrastructure these industries need in a fully autonomous future.”
Gigaton spent five years inside control rooms, understanding exactly why existing systems fail.