Cemex Ventures, Cemex’s corporate venture capital (CVC) and open innovation unit, has announced that it has executed an investment agreement with Optimitive, a Spanish company that provides high-tech solutions through advanced analytics and artificial intelligence (AI) to optimise efficiency and sustainability in processes within energy-intensive industries.
Founded in 2008, Optimitive has developed proprietary artificial intelligence software to enhance efficiency across heavy industries. It offers advanced solutions for process improvement, maintenance and services, with a strong focus on the cement industry during the last years. The company has developed one of the most far-reaching solutions on the market, featuring real-time and closed-loop process optimisation, which means it can autonomously learn and adjust optimal set points in autopilot mode. Among its additional competitive advantages is its no-code visual design – which enables large-scale adoption without requiring specific AI expertise, and continuous operation, 24 hours a day, 365 days a year.
“Optimitive has a robust customer base across a large number of sectors, making it an ideal partner that reinforces Cemex’s commitment to transforming the industry through collaboration with breakthrough technologies,” said Alfredo Carrato, Investment and Open Innovation at Cemex Ventures. “We are excited about this partnership with Optimitive, given the impressive results they have already achieved in Europe and the United States in projects to date with Cemex.”
“Since our first engagement with Cemex some years ago, we have always been confident that our relationship would be long-lasting. “Now, thanks to their strong technological vision and commitment to reducing their carbon footprint, they have chosen to continue supporting Optimitve through this investment”, commented Fernando de la Prida, CEO at Optimitive.
Cemex seeks to scale Optimitive’s solution across its operations as part of its Digital Innovation in Motion ecosystem, with the goal of agile large-scale deployments in the near future. By integrating this groundbreaking solution, the construction giant aims to significantly reduce energy consumption at its production facilities while simultaneously increasing (production) efficiency by up to double digit percentage points.
