The new funding will be used to grow the (development) team so it can enrich the Zero Friction platform with even more interesting functionalities. The funds will also enable Zero Friction to expand into new geographies to boost the transition to more sustainable heating and cooling.
Heating grids still lose a quarter of their heat yearly. This problem is becoming even more urgent with the rising fuel prices and the strong need for CO2 reduction. Gradyent has developed software that helps heating companies to optimize their heat systems and to reduce CO2, so that they can continue to supply affordable and reliable heat. Gradyent has raised €10 million in a Series A funding round from existing investors Capricorn Partners, ENERGIIQ and Helen Ventures and new investor Eneco.
"We believe our revolutionary liquid cooling and waste heat recovery technology will reshape the computing infrastructure for the Bitcoin network while simultaneously promoting the electrification and decarbonization of the world’s traditional heating industry." - Arthur Lee, Founder and Chief Executive Officer of SAI.TECH