Sublime Systems received $87M investment from the U.S. Department of Energy to accelerate commercial-scale, true-zero cement manufacturing technology.
Mar 25, 2024•over 1 year ago
Amount Raised
$87 Million
Investors
U.S. Department Of Energy (Doe) Office Of Clean Energy Demonstrations (Oced)
Description
Sublime Systems has been selected by the U.S. Department of Energy to begin award negotiations for up to $87 million in funding as part of the Industrial Demonstrations Program. The funding is intended to demonstrate commercial-scale decarbonization solutions for the cement manufacturing industry.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech