AirMyne Analysis: $7M Raised
What is AirMyne?
AirMyne develops energy-efficient Direct Air Capture technology to remove carbon from the atmosphere, aiming to mitigate climate change.
Employees
11
Founded
2022
Revenue
$40.7M
Business Model
Revenue from machine sales, service contracts, and carbon credits trading.
Product Features & Capabilities
- Energy-efficient Direct Air Capture technology, scalable system inputs, low fire-risk chemical formulation, industrial expertise in climate solutions.
How much AirMyne raised
Seed - $6.9 million
March 2024Lead Investor: Y Combinator, Alumni Ventures, Liquid 2 Ventures, EMLES, Impact Science Ventures, Another Brain
Who are the founders of AirMyne
MC
Mark Cyffka
Founder
SM
Sudip Mukhopadhyay
Founder
Market Focus
AirMyne primarily focuses on the carbon removal industry, specifically through Direct Air Capture technology aimed at combating climate change.
Investors
- Y Combinator
- Alumni Ventures
- Liquid 2 Ventures
- EMLES
- Impact Science Ventures
- Another Brain
- Justin Hamilton (angel investor)
Competitors Overview
AirMyne operates in the Direct Air Capture (DAC) market, focusing on high-quality carbon removal through energy-efficient processes. Its main competitors include:
- Climeworks: A pioneer in DAC technology, Climeworks has developed a modular system that captures CO2 directly from the air. They
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