Spain: Optimitive has secured a €1m investment from Suma Capital, closing a €5m Series A round in which Cemex Ventures and Titan Group participated as strategic co-investors. The company said the investment will accelerate the global deployment of its technology in industries, including cement.
“The closing of this investment round allows us to accelerate the global deployment of our technology and consolidate our value proposition in industries like cement where every efficiency point counts”, said Fernando de la Prida, CEO of Optimitive.
Optimitive has also launched OPTIBAT® 7, a new version of its real-time optimisation software designed as an industrial platform for the cement industry. The company said that the software uses closed-loop artificial intelligence to optimise processes autonomously, reduce energy consumption, increase productivity and reduce CO₂ emissions.
