Continuum Industries stands out as a company that supports the global energy transition by accelerating infrastructure development processes using artificial intelligence. The company received an investment of 9.4 million euros in a round led by Singular. Previous investors Credo, Playfair, Techstart Ventures and angel investors including executives from UiPath, Skyscanner and SSE also participated in the investment round.
Also Read: Traceless Receives $38.6 Million Investment
The investment will support Continuum Industries’ growth and will take place over the next 12 months as the company aims to double its headcount and expand into new territories. In addition, the growth of the engineering and product teams will increase the capacity to provide support to developers at more project stages and build new advanced functionality.
Grzegorz Marecki, CEO of Continuum Industries, emphasises the importance of working smarter to accelerate the energy transition and notes that their technology plays a big role in infrastructure planning processes. Their AI-powered platform called Optioneer helps energy, utilities and renewable energy companies to visualise, analyse and evaluate routing options for power lines, onshore and offshore cables. It can also be used in different projects, including pipelines for hydrogen, water and CO2.
Continuum Industries supports clients in the UK, the Netherlands, Spain, Italy and the USA, enabling them to work effectively on large-scale projects. The company plays a key role in the industry, utilising emerging technology to meet the growing demand for energy and utilities infrastructure and connecting renewable energy sources. Optioneer accelerates project processes by enabling engineers and environmental experts to collaborate using artificial intelligence. This unlocks unique insights from the design phase through to completion, helping projects to be completed more quickly and effectively.
Infrastructure is a vital but under-discussed aspect of the energy transition. Unless we have robust, future-proof infrastructure in place to carry the growing amounts of energy and utilities we need (especially as renewables come online in ever greater volumes), all the innovation towards new generation and storage solutions will be for naught. Grzegorz and the team at Continuum have developed impressive technology and are already working with some big names to ensure that infrastructure is delivered at a pace that matches the urgency of the situation.Henri Tilloy, Partner at Singular