Gigaton Raises $26M Series A for Industrial AI Control

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Gigaton, an industrial AI company based in London, England in the United Kingdom, has raised $26 million in a Series A round. The financing was announced on June 3, 2026.

Plural led the round, with participation from 2150, Semapa Next, and existing investors Planet A Ventures, Cambridge Enterprise Ventures, the UCL Technology Fund managed by AlbionVC with UCL Business, and Clean Growth Fund. The raise brings Gigaton’s total funding to more than $35 million.

Founded in 2020 and formerly known as Carbon Re, Gigaton develops autonomous control and optimisation software for energy-intensive industries. The new funding will support continued development and deployment of its AI platform, which is built to replace traditional industrial control software across sectors such as cement, steel, glass, and chemicals.

The company says its systems can deliver $1 million to $3 million in annual operational savings per plant, along with emissions reductions of up to 30,000 tonnes of CO2 per site. Its software is already deployed with producers including Adani Cement, Heidelberg Materials, Holcim, and Mannok.