kiln

“Game-Changing Kilns: Furno’s Bet on Revolutionizing the Cement Industry”

Furno Kiln Prototype
The goal was straightforward but ambitious: upend the cement industry. Furno’s smaller kilns fly in the face of trends in the cement industry today, which has been chasing ever larger equipment. By building smaller kilns, Furno is hoping to lower capital expenditures through mass production and lower operating expenses through energy efficiency. And because Furno’s kilns are smaller, they could allow cement to be remade right on a construction site. Already, Furno has captured the attention of ready-mix concrete companies, which have to buy cement from vertically integrated companies.

Kiln Rakes In $17M During Uncommon Crypto Fundraising Efforts for Revolutionary Staking Tech Provider

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According to PitchBook data, VC investments in crypto companies are down by 68% in 2023 compared to 2022. But that’s a small number compared to 2022, the year during which crypto companies raised $30 billion. French crypto startup Kiln just closed a $17 million funding round in December 2023. As a reminder, staking consists in locking crypto assets in a blockchain to secure a blockchain and its transactions. Several proof-of-stake blockchains let its users stake crypto assets, such as Polygon, Solana and Avalanche.