LivNSense, a Bengaluru-based AI startup co-founded by Avinash Kumar and Priyanka Kumar in 2018, has raised $2.75 million in a pre-Series A funding round.
The funding, led by Pavestone Technology Fund (Pavestone VC), is set to enhance the development of its GreenOps platform, a specialized energy balance AI system designed to tackle net zero challenges and reduce greenhouse gas (GHG) carbon emissions globally.
Aiming to achieve carbon neutral world
LivNSense has developed a flagship product GreenOps to achieve a Carbon Neutral World. Utilizing Artificial Intelligence, Soft Sensors, and digital-twins technology, GreenOps aims to propel industries towards a “Zero Carbon” future.
The startup claims that its flagship platform is used by leading global players in various sectors, including cement and asphalts, metals, mining, heavy engineering, and petrochemical manufacturing, to reduce carbon emissions while boosting profitability.
LivNSense revenue
LivNSense has reported Rs 2.45 crore in revenue in FY23, up from 2.18 crore in FY22. The startup also reported profits of Rs 4.76 lakhs and 7.27 lakhs for these respective years.
Enhancing GreenOps’ capabilities
According to the startup, the raised capital will be strategically used to enhance GreenOps’ capabilities, particularly in expanding its industrial “Carbon Cockpit” functionality and entering new markets.
“We are pleased to announce our latest funding round led by Pavestone will help us continue to build our Green-AI platform with a goal to deliver 100s of megatons of Carbon reductions and touch upon billion of lives globally. We believe that Pavestone’s investment thesis and approach would make them an ideal partner in our journey,” said Avnish Kumar, Co-founder and CEO at LivNSense.
V. Laxmikanth (VLK), Managing Partner at Pavestone, said, “We are excited to work with LivNSense towards decarbonization of ‘hard-to-abate’ sectors. The team’s expertise in building engineering led Artificial Intelligence and Digital Twins to impact the carbon lifecycle would help to address the industry challenges for both real-time carbon measurement to energy transition by usage of Alternate/Green Fuels.”
He said the firm believes that the company’s foundational knowledge of energy and process systems, coupled with an IP-led approach, would be a key differentiator.
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