Pavestone VC leads the $2.75 M round into Cleantech Start-Up LivNSense

Updated on: 29 December 2023 3:53 pm

According to the draft red herring prospectus (DRHP), Tata is offering to sell his entire 77,900 shares, amounting to a 0.02 per cent stake, of FirstCry

Ratan Tata to Unload Entire Stake in FirstCry IPO Photo: According to the draft red herring prospectus (DRHP), Tata is offering to sell his entire 77,900 shares, amounting to a 0.02 per cent stake, of FirstCry

LivNSense, an AI-driven decarbonisation platform, announced a $2.75M funding led by Pavestone Technology Fund (Pavestone VC).

LivNSense is a cleantech venture that specialises in addressing the global challenge of reducing Greenhouse “Gas” Emissions. Global Carbon Dioxide (CO2) emissions from energy combustion and industrial processes stand at an all-time high of 36.8 Gigatons, as per the IEA report. These emissions are due to a combination of energy and process emissions (chemical or thermal) which generates CO2 in the environment from key sectors like Oil and gas, chemicals, cement, and metals.

GreenOops, its specialised energy balance AI platform, uses the power of Artificial Intelligence and digital twins technology to help firms transition towards "Zero Carbon". GreenOps™ focuses on decarbonization across process value chains with patented IPS and is used by leading global players across cement and asphalts, metals and petrochemical manufacturing industries to help reduce carbon emissions and improve profitability.

Follow our WhatsApp channel

"We are pleased to announce our latest funding from Pavestone as we continue to build our Green-AI platform to deliver 100s of megatons of Carbon reductions and touch upon billions of lives “globally”. We believe that Pavestone’s investment thesis and approach would make them an ideal partner in our journey," said Avnish Kumar, co-founder and CEO at LivNSense.

"We are excited to work with the LivNSense towards decarbonisation of 'hard-to-abate' sectors. The team's expertise in building engineering led Artificial Intelligence and Digital Twins to impact the carbon lifecycle would help to address the industry challenges for both real-time carbon measurement to energy transition by usage of Alternate/Green Fuels. We believe that LivNSense’s foundational knowledge of energy and process systems, coupled with an IP-led approach would be a key differentiator,” said V. Laxmikanth (VLK), managing partner at Pavestone.

“Fossil fuels will still be one of the major feedstocks after 2030 given the current state of carbon mitigation. GreenOps has a unique advantage for long-term play even after process electrification and green hydrogen technologies are commercialised. GreenOps™ would integrate into these technologies in the future as a "full stack decarbonisation" platform for comprehensive "energy balance" across electrical energy, alternative fuels, and green energy technologies,” Avnish added.