How much did Faradai raise?

Faradai raised £2 Million in a Seed round on November 10, 2022.

Faradai Raises £2M As Climate Tech Funding Keeps Momentum

PRIVATENov 10, 2022

Amount Raised

£2 Million

Round Type

Seed

LondonArtificial IntelligenceAnalyticsMachine Learning

Description

Net zero intelligence company Faradai has raised $2.4m (£2.1m) in the latest fundraise for climate tech, which has been significantly backed recently despite a wider tech downturn.

Quick answer

Faradai raised £2 Million in a Seed round, dated November 10, 2022. Faradai is based in London, Ontario, Canada.

How much did Faradai raise?: Faradai raised £2 Million in a Seed round on November 10, 2022.
What does Faradai do?: As Faradai, we are building the future internet of energy, utilising cloud, big data, AI & IoT technologies.
Where is Faradai based and how big is it?: Faradai is based in London, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Analytics and Artificial Intelligence around the same time

Companies in the same sectors as Faradai that raised within 45 days of this round, from Fundz verified event records.

Exyn Technologies raised $35M (Funding Round) on December 23, 2022.
Tredence raised $175M (Series B) on December 23, 2022.
Tredence raised $162M on December 22, 2022.
Kuona raised $6M (Funding Round) on December 16, 2022.
Recast raised $3.4M (Seed) on December 15, 2022.
Akros Technologies raised an undisclosed amount (Funding Round) on December 9, 2022.

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Company Information

Company

Faradai

Location

London, Ontario, Canada

About

As Faradai, we are building the future internet of energy, utilising cloud, big data, AI & IoT technologies. We are a London-based fast growing technology company, having 4 different country offices all around EMEA region. We are digitising the overall energy & sustainability value chain for enterprise companies. With more than 200 existing international enterprise clients such as IKEA, Marks & Spencer, Heineken, Shell, Zara, BNP Paribas, Gap, Banana Republic, ISS, Vodafone, PepsiCo in 15 countries, we have a strong technology offering and a top-notch product culture. We are continuously innovating with disruptive technologies in order to provide a bigger value proposition to our customers and partners with our solutions. We also provide the following benefits; Reduce Carbon footprint– up to 20% - Reduce energy usage and bills – up to 15% - Increase operational efficiency – up to 60% - Reduce OPEX and prioritize CAPEX - Comply with frameworks and disclosures (ISO, UN SDGs, GRI, CDP etc.) We are working for increasing energy efficiency and environmental sustainability

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Faradai raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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