Funding

[Funding alert] Edinburgh-based Continuum Industries Secures $10 million Series A Round Funding

Sep 26, 2023 | By Startup Rise EU

As They announce the successful close of their $10 million Series A funding round this week, they are committing to expanding our technology to more project stages, new regions, and new asset types.
Team - Continuum Industries

Edinburgh-based Continuum Industries has secured $10 million Series A funding. Leading this round were Henri Tilloy and the team at Singular, who – along with existing investors Credo, Playfair, Techstart Ventures, and a group of angels - share our vision for what lies ahead.

They are committing to expanding their technology to more project stages, new regions, and new asset types.

To maintain the high pace of project planning, design and permitting, developers need to be agile and proactive. They need to be able to react quickly to changes in the environment and project conditions, proactively engage with stakeholders and prepare robust planning applications.

Read also - Hamburg-based Bioeconomy Startup Traceless Raises €36.6 million in Series A Funding

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They are expanding the Optioneer technology beyond routing only to cover network planning for utilities in the very early conceptual stages and to help them manage a full portfolio of projects all in one place.

Read also - Madrid-based AI Writting Platform Correcto Secures $7 mn Seed Funding

Their customers are also already starting to gain access to functionalities that support compliance activities, such as biodiversity assessments, and help to tell the story of how the project was developed over time to bring stakeholders on board.

Earlier this year, they launched support for continental Europe, and They will soon start recruiting local staff based in the USA.

Read also - Deskbird, a Swiss SaaS workplace management company, receives $13 mn from ALSTIN Capital and AVP

About Continuum Industries

They are the provider of an AI-powered infrastructure development platform -Optioneer - that enables power, utility and renewables companies to instantly visualise, analyse and comprehensively assess routing options for power lines, cables and pipelines.

They started in 2016 as a university project and became the providers of an enterprise software for infrastructure planning.

Read also - British Spacetech Startup Open Cosmos Raises $50 million Series B Round Funding

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