AirMyne Raises $6.9M in Seed Funding


AirMyne, a Berkeley, CA-based greentech startup, raised $6.9M in Seed funding.

Backers included Y Combinator, Alumni Ventures, Liquid 2 Ventures, EMLES, Impact Science Ventures, Another Brain, Soma Capital, and Wayfinder. 

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Sudip Mukhopadhyay and Mark Cyffka, AirMyne is a greentech company that aims to mitigate the reach of climate change. The company has developed Direct Air Capture technology whose process uses a liquid solvent capture agent to capture carbon dioxide from the air. The carbon dioxide-rich liquid is then funneled to a desorption unit, where it is heated, releasing a pure stream of carbon dioxide, ready to be locked away and out of sight.

They have engineered the process to integrate with various renewable energy sources, including geothermal and waste heat generated through heavy industry, and only use system inputs that are low-cost and easy to source.