Gigablue Overview
Gigablue is dedicated to combating climate change by providing scalable and affordable carbon dioxide removal (CDR) solutions. Their technology focuses on marine-based carbon sequestration, utilizing a proprietary substrate to enhance phytoplankton growth. This process facilitates the capture of CO₂, which is then transported to the ocean floor for long-term storage. Gigablue's approach is designed to be both environmentally safe and economically viable, aiming to support corporations and countries in reaching their net-zero goals. By harnessing natural processes and leveraging advanced technologies, the company strives to make a substantial impact on global carbon reduction efforts.
Cumulative Funding Raised Over Time ($)
—Aug 2023
$2.5MOct 2022
Latest News
growth-positive
Gigablue Announces Largest Ocean Carbon Removal Agreement with SkiesFifty, Capturing 200,000 Tons Over Four Years
Gigablue, a provider of scalable carbon dioxide removal technologies, has signed an agreement with SkiesFifty for the sequestration of 200,000 tons of CO2 over the next four years. This partnership, which builds on their previous collaboration, includes a strategic investment by SkiesFifty in Gigablues marine-based carbon removal technology. The agreement highlights the scalability and effectiveness of Gigablues technology, which uses marine carbon fixation and sequestration methods. This initiative is part of SkiesFiftys mission to invest in scalable solutions for aviations net-zero goals. Gigablues technology leverages oceans to offer a cost-effective pathway for permanent carbon removal, aiming to remove a gigaton of CO2 by 2035. The partnership underscores the growing confidence in ocean-based carbon removal solutions and their role in achieving global net-zero goals.
PartnersInvestment
growth-positive
Strategic partnership aims to revolutionize ocean-based carbon removal — Gigablue
Clear Sky, RAIN, and Gigablue have announced a strategic partnership to scale up Gigablues carbon removal system and manage the distribution of carbon credits within the aviation and other hard-to-abate industries. Clear Sky, an investment company focused on aviation sustainability, will leverage its network and expertise to accelerate the adoption of Gigablues technology. The partnership comes at a critical time for global climate action, with increasing legislative mandates and the urgent need for effective decarbonization solutions.
PartnersInvestment
growth-positive
Most promising Israeli startups: 3 agtech companies to watch in 2024 | CTech
Bluewhite, Greeneye, and Gigablue have been ranked as the most promising Israeli agtech startups. Bluewhite has developed an autonomous robotic solution for diverse agricultural tasks, and recently raised $39 million in funding. Greeneye has developed a system that combines hardware and software to reduce herbicide use in farming by 88%. Gigablue focuses on large-scale carbon capture and removal, collaborating with merchant fleets, governments, and major corporations.
CustomersInvestmentExpand
| Sector | Industrial Technologies |
Funding
| Total funding | $2.5M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 2 |
| Investors | 7 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.gigablue.co/ |
Locations
Caesarea, Israel
69 Madison Ave, New York, NY 10016, USA
Photos & Videos
No files yet
Gigablue Business
Business models
B2G, B2B
Product stage
R&D
Employees
11-50
Sector
Climate TechCarbon TechCarbon Capture, Storage, Sequestration, UtilizationIndustrial TechnologiesMaterial Innovations & ApplicationsTarget Customer
Transportation & LogisticsLogisticsMaritimeTransportation InfrastructureGovernment & CityGovernmentCore Technology
Materials & SubstancesArtificial IntelligenceTags (2)
marineclimate-techGigablue Financials
$2.5M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Seed
Funding stage
2
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2023
$2.5MOct 2022
Private Equity Funding
Seed
Aug 2023
Undisclosed
E44 Ventures
Seed
Oct 2022
$2.5M
At One Ventures (Lead)
,
Foxglove Capital, Fresh Fund, ZORA Ventures, theDOCK, GiTV (Global Innovation Technology Ventures)
Gigablue Lifecycle
Cumulative Funding Raised Over Time
—Aug 2023
$2.5MOct 2022
All Events
Seed
Aug 2023
Undisclosed
E44 Ventures
Seed
Oct 2022
$2.5M
At One Ventures (Lead)
,
Foxglove Capital, Fresh Fund, ZORA Ventures, theDOCK, GiTV (Global Innovation Technology Ventures)
Gigablue News
3 articles
growth-positive
Gigablue Announces Largest Ocean Carbon Removal Agreement with SkiesFifty, Capturing 200,000 Tons Over Four Years
Gigablue, a provider of scalable carbon dioxide removal technologies, has signed an agreement with SkiesFifty for the sequestration of 200,000 tons of CO2 over the next four years. This partnership, which builds on their previous collaboration, includes a strategic investment by SkiesFifty in Gigablues marine-based carbon removal technology. The agreement highlights the scalability and effectiveness of Gigablues technology, which uses marine carbon fixation and sequestration methods. This initiative is part of SkiesFiftys mission to invest in scalable solutions for aviations net-zero goals. Gigablues technology leverages oceans to offer a cost-effective pathway for permanent carbon removal, aiming to remove a gigaton of CO2 by 2035. The partnership underscores the growing confidence in ocean-based carbon removal solutions and their role in achieving global net-zero goals.
PartnersInvestment
growth-positive
Strategic partnership aims to revolutionize ocean-based carbon removal — Gigablue
Clear Sky, RAIN, and Gigablue have announced a strategic partnership to scale up Gigablues carbon removal system and manage the distribution of carbon credits within the aviation and other hard-to-abate industries. Clear Sky, an investment company focused on aviation sustainability, will leverage its network and expertise to accelerate the adoption of Gigablues technology. The partnership comes at a critical time for global climate action, with increasing legislative mandates and the urgent need for effective decarbonization solutions.
PartnersInvestment
growth-positive
Most promising Israeli startups: 3 agtech companies to watch in 2024 | CTech
Bluewhite, Greeneye, and Gigablue have been ranked as the most promising Israeli agtech startups. Bluewhite has developed an autonomous robotic solution for diverse agricultural tasks, and recently raised $39 million in funding. Greeneye has developed a system that combines hardware and software to reduce herbicide use in farming by 88%. Gigablue focuses on large-scale carbon capture and removal, collaborating with merchant fleets, governments, and major corporations.
CustomersInvestmentExpand
Gigablue Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 30 |
| Team members | 3 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 13 classification IDs that could be used for matching.
Gigablue Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 80/100 |
| Missing | tags, video or image, markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 516631835 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-01-18T00:00:00.000Z |
| Created | 2022-07-11T00:00:00.000Z |