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Verse, a startup using AI and optimization for clean energy procurement, just raised $5.75 million. A startup using generative AI to help businesses buy renewable electricity has just secured a $5.75 million seed round from growth investor Coatue. Switching to renewable energy is fundamental in decarbonization as energy makes up the bulk of annual carbon emissions; two-thirds of energy still comes from fossil fuels. Many do this by purchasing renewable energy credits, which certifies that they have paid for green energy, but they have faced controversy for double counting. Clean energy procurement lacks dedicated tools and comes with "massive" overheads, which is exactly what Verse wants to change, cofounder and CEO Seyed Madaeni told Insider.
Persons: Seyed Madaeni, Madaeni, Rangwalla, Climeworks, Matt Rogers Organizations: Microsoft, Meta, Google, Excel, MCJ, Firstminute, Collaborative Fund, Incite.org Locations: San Francisco
Matt Rogers went from Apple to Nest Labs and into many homes with the now-Google smart thermostat. He's looking to get into your home again, this time to solve America's food waste problem. After Nest, Rogers began work on several philanthropic projects, many focusing on climate-related initiatives. "We've kind of gotten used to the way things are, but it doesn't have to be that way," Rogers said. Mill now makes it easy for people to get rid of food waste and reduce their carbon footprint.
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