Edinburgh-based Continuum Industries Raises $10 Million for Expansion
Continuum Industries, an Edinburgh-based AI energy transition company, has recently raised $10 million in Series A funding. This brings the total funding for the company to $15.5 million. The funding round was led by Singular, with participation from previous investors Credo, Playfair, Techstart Ventures, and notable angels from companies like UiPath, Skyscanner, and SSE.
The purpose of this funding is to support the growth of Continuum Industries.
The company aims to double its headcount and broaden its functionality to support developers across various project stages. Additionally, Continuum Industries plans to expand into new territories over the next year. The company's goal is to facilitate renewable energy infrastructure planning by providing an AI-powered platform called Optioneer. This platform allows power, utility, and renewables companies to visualize, analyze, and comprehensively assess routing options for power lines, onshore and offshore cables, as well as pipelines for hydrogen, water, and CO2.
Founded in 2018, Continuum Industries has already made significant contributions to the renewable energy sector. The company has supported customers in the UK, the Netherlands, Spain, Italy, and the USA. Notable customers include National Grid, SSEN Transmission, National Gas Transmission, Fred Olsen Seawind, and Iberdrola Group. Continuum Industries has been instrumental in assessing thousands of kilometers of assets across large-scale projects, providing valuable insights and planning solutions.
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