Founded in 2015, Carbic deploys sensor technology to the oil patch to reduce operating costs and GHG emissions.
By: Chelsea Goddard & Stuart Farris
Overview
Carbic brings machine learning (ML) and Internet of Things (IoT) innovation to the oil patch to simultaneously reduce operating costs and GHG emissions.
- Their sensors allow oil and gas producers to catch wasteful leaks that account for hundreds of millions in lost revenue annually and reduce overall operational costs.
- Their sensors provide real-time flow volume, pressure, and temperature information that oil and gas companies can use to optimize their operations, reducing production costs, and emitting less GHG in the process.
Intro
The rapidly growing share of fossil fuel, electric utility, and automotive companies adopting ambitious…
C16 Biosciences is a three-year old startup working to create a sustainable, environmentally friendly alternative to conflict palm oil.
Overview
Product Promise: Create a sustainable, environmentally friendly alternative to conflict palm oil using innovative processes found in nature.
- C16 Biosciences is a three-year old startup that has developed proprietary technology to brew a sustainable alternative to palm oil from microbes.
- The company aims to replace all palm oil in the supply chain that is linked to deforestation — a volume that stands at about 3 million metric tons per year and could scale to roughly 11% of the total addressable market over the next five years.
- With a recent $20 million Series A led by Breakthrough Energy Ventures, announced March…
Chelsea Goddard
Founder of Apex Haus. Writing about early-stage startups solving hard problems.
