Continuum Industries Secures $10M in Series A Funding to Accelerate Global Energy Transition Through AI-powered Infrastructure Planning
Continuum Industries is a software company aiding the transition to renewable energy by enabling comprehensive energy infrastructure planning.
![Continuum Industries Secures $10M in Series A Funding to Accelerate Global Energy Transition Through AI-powered Infrastructure Planning](/content/images/size/w1200/2023/09/Continuum-Industries.jpg)
Company Name: Continuum Industries
Location: Edinburgh, UK
Product: AI-powered platform - Optioneer for energy infrastructure planning
Funding Details:
- Funding led by: Singular
- Participation from: Credo, Playfair, Techstart Ventures, and angel investors including executives from UiPath, Skyscanner, and SSE.
- Total Funding Amount: $15.5M
- Purpose of Funding: The funding will be used to support growth by doubling the headcount, creating new functionality to support developers across more project stages, and expanding into new territories over the next 12 months.
Leadership: Grzegorz Marecki
About Company: Continuum Industries is a software company aiding the transition to renewable energy by enabling comprehensive energy infrastructure planning. Their AI-powered platform, Optioneer, allows power, utility, and renewables companies to visualize, analyze, and assess routing options for power lines, onshore and offshore cables, and pipelines for hydrogen, water, and CO2.
Currently supporting customers in the UK, the Netherlands, Spain, Italy, and the USA—including notable entities like National Grid, SSEN Transmission, National Gas Transmission, Fred, Olsen Seawind, and Iberdola Group—the company is engaged in the assessment of thousands of kilometers of assets across large-scale projects. Through this recent funding, Continuum Industries aims to further its reach and capabilities, paving the way for more efficient and sustainable energy infrastructure planning and development.