Climate Investment
Assembly Line
Gradient Comfort Raises Additional $9 Million in Series A Financing Led by Climate Investment
Gradient Comfort, a company built by thermal scientists to rethink heating, ventilation, air conditioning (HVAC) and build products that are good for the planet and great at cooling and heating homes, announced today that it closed a Series A follow-on round of funding of $9 million, bringing its total Series A funding to $27.5 million. The round is led by Climate Investment (“CI”), a specialist decarbonization climate investor. Cindi Bough, Managing Director Ventures at CI, will join the Gradient Comfort Board and Rick Cutright, Technology Director at CI will join as an observer.
Fero Labs Secures $15M to Reduce Manufacturing Emissions with AI
Fero Labs, an AI-driven manufacturing process optimization software company, today announced the close of a $15 million growth round led by Climate Investment (‘CI’, formerly OGCI Climate Investments), with additional participation from investors Blackhorn Ventures, Innovation Endeavors, and DI Technology. This round brings Fero Labs’ total funding to date to $30 million. Fero Labs is unique in the industrial space for using white-box AI, which reveals the reasoning behind its predictions. Unlike the black-box AI popularly seen in tools like ChatGPT, Fero Labs makes it possible for users to know if they can trust the results.