LivNSense, the Bengaluru-based artificial intelligence-driven decarbonization platform, has successfully raised $2.75 million in a pre-Series A funding round. The investment, spearheaded by Pavestone Technology Fund (Pavestone VC), marks a significant step forward for LivNSense’s mission to address net zero challenges globally.
Co-founded in 2018 by Avinash Kumar and Priyanka Kumar, LivNSense has swiftly become a key player in the industrial AI space, offering innovative solutions to reduce greenhouse gas (GHG) carbon emissions across various industries. The company’s flagship product, GreenOps, a specialized energy balance AI platform, has garnered attention for its ability to streamline processes and enhance profitability while contributing to carbon reduction.
The funds raised in this round are earmarked for the development and enhancement of LivNSense’s green AI platform. With a focus on delivering hundreds of megatons of carbon reduction, LivNSense aims to create a lasting impact on global decarbonization efforts.
LivNSense’s Industrial AI solutions, utilizing patented Integrated Process Simulator (IPS) technology, have gained traction among leading global players in sectors such as cement and asphalts, metals, and petrochemical manufacturing. The company enables businesses to navigate the complexities of decarbonization across their entire process value chains, emphasizing sustainability and profitability simultaneously.
The financial performance of LivNSense is reflective of its strategic positioning and growth trajectory. In the fiscal year 2023, the company reported a revenue of Rs 2.45 crore, a significant increase from Rs 2.18 crore in the previous fiscal year. Profits for FY23 stood at Rs 4.76 lakhs, showcasing the company’s sound financial management and potential for continued success.
Pavestone VC, a SEBI Regulated Alternative Investment Fund (AIF) with a target corpus of Rs 700 crore, has taken the lead in this funding round. With a track record of supporting transformative technologies, Pavestone VC’s strategic investment underscores the promising future of LivNSense in the decarbonization landscape.
As the global community intensifies efforts to combat climate change, LivNSense’s collaboration with Pavestone VC highlights the crucial role of technological innovation in achieving sustainability goals. The infusion of $2.75 million will undoubtedly accelerate LivNSense’s mission to drive global decarbonization through cutting-edge Industrial AI solutions.
