Giatec® secures $5M in investment from BDC Capital’s Cleantech Practice

Giatec® secures $5M in investment from BDC Capital’s Cleantech Practice
Giatec® secures $5M in investment from BDC Capital’s Cleantech Practice

BDC Capital invests in Giatec, a global leading cleantech company, to further CO2-reducing technology and AI-based concrete testing. 

 

OTTAWA, Ontario – Giatec®, a world leader in concrete testing technologies, secured a $5 million investment from BDC Capital’s Cleantech Practice, augmenting the strategic minority investment by HeidelbergCement in May 2022.  

BDC Capital’s investment will advance Giatec’s goal in lowering CO2 emissions resulting from concrete production by 400 million tons annually, the equivalent of taking 110 million cars off the road. Every year, 20 billion tons (10 billion cubic yards) of concrete are produced globally. This translates to approximately 2 billion tons of Greenhouse Gas (GHG) emissions or 8% of global CO2 pollution. Using their proprietary concrete testing products combined with their predictive AI-based software, Giatec’s ecosystem can help reduce CO2 emissions by up to 20%. 

“Giatec’s advanced suite of wireless concrete sensors, analytics capabilities, and AI-enabled software can enable a significant reduction in the use of cement, materially reducing CO2 emissions whilst also saving concrete producers, contractors and developers time and money,” said Matt Stanley, Partner in BDC Capital’s Cleantech Practice. “We are excited to invest in Giatec, a leading technology company working to enable a more sustainable built world, to accelerate the development of the next generation of sensors and to scale internationally.” 

Pouria Ghods, CEO and Co-founder of Giatec, says, ”The BDC Capital investment will propel Giatec’s expansion into international markets and accelerate our innovation in CO2-reducing technology, moving the concrete industry toward carbon neutrality. BDC has a long history of supporting emerging Canadian cleantech firms in their growth through exports, research and development, etc. We at Giatec are looking forward to working with BDC in our mission to revolutionize the concrete industry and to create yet another success story for the BDC Cleantech Practice.” 

 

About BDC Capital 

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital. 

About Giatec 

Giatec is a global company revolutionizing the construction industry by bringing smart testing technologies and real-time data collection to the forefront of every job site. Giatec’s suite of hardware and software products has leveraged advanced technologies, such as AI and Internet of Things (IoT), including wireless concrete sensors, mobile apps, and advanced non-destructive testing technologies (NDT), to drive innovation throughout concrete’s lifecycle and reduce concrete’s carbon footprint. For more information, visit giatecscientific.com. 

 

Media Contacts 

Giatec 

Dobrila Moogk, Vice President, Marketing 

Tel: +1 (877) 497-6278 ext. 9280 

marketing@giatec.ca 

 

BDC Capital 

Media Relations 

mediainfo@bdc.ca 

Leave a Reply

Your email address will not be published.

Related Articles

thermal PR

Giatec® Releases New Thermal Model Feature Bringing Customers the Next Level in Project Optimization and Cost Efficiency

Giatec is launching a first-of-its-kind simple and accessible Thermal Model feature through their Giatec 360™ platform to better predict concrete temperature in mass concrete elements.   OTTAWA, Ontario – Giatec®, world leader in concrete testing technologies, is officially launching a Thermal Modeling feature on their Giatec 360™ platform to predict the maximum concrete temperature and temperature differential of mass concrete.  Thermal Modeling is a comprehensive solution for engineers, general contractors, and ready-mix producers. The feature allows users with mass concrete elements to experiment with different inputs and produce…

Giatec Leads the Way in Reducing Cement Cost, Usage, and CO2 Footprint for the Concrete Industry at Procore Groundbreak 2022

Giatec will be exhibiting their sustainable product ecosystem and presenting the impact of reducing the cement industry’s carbon footprint at this year’s Groundbreak.  OTTAWA, Canada – Giatec®, world leader in concrete testing technologies, will be arriving in force at Procore’s Groundbreak 2022 ready to connect international leaders in sustainable and optimizing construction technology. Groundbreak is a leading North American construction technology conference, bringing together thought leaders in the industry with a diverse array of exhibitions and sessions.   Giatec has also secured the opportunity to present at Groundbreak, following…

Canadian Concrete Expo

Book a meeting with us
in Toronto at CCE,
February 16-17, 2023

Get Real-Time Data with SmartRock®

See how it works today

We use cookies to provide you with a better experience, analyze site traffic and assist in our marketing efforts. By continuing to use this website, you consent to the use of cookies in accordance with our Privacy Policy Page.