In response to the environmental challenges posed by the manufacturing sector, Mumbai-based startup Eugenie.ai is leveraging artificial intelligence (AI) to help major asset-heavy manufacturers reduce their carbon footprint
The company, founded in 2018, offers a Software as a Service (SaaS)-based platform utilizing AI-driven digital twins for real-time tracking of machine performance and emissions data. This allows precise measurement and attribution of emissions to individual machines and processes, enabling the detection of operational anomalies and facilitating corrective actions. Eugenie.ai aims to assist manufacturers in significantly reducing harmful emissions, equivalent to removing 40 million cars from the roads annually.
Founders and Visionaries:
- Dr. Soudip Roy Chowdhury: Founder and CEO of Eugenie.ai, his personal experience with autoimmune hepatitis due to industrial emissions motivated him to pursue higher studies in machine learning.
Key Offerings:
- Eugenie.ai provides a SaaS-based platform for major asset-heavy manufacturers to minimize direct greenhouse gas (GHG) emissions (Scope I emissions).
- The platform utilizes AI-driven digital twins for real-time tracking of machine performance and emissions data.
- Enables precise measurement and attribution of emissions to individual machines and processes.
- Detects operational anomalies and facilitates corrective actions for optimized production processes with reduced GHG emissions.
Clientele and Focus Areas:
- Clients include firms in the ferrous, non-ferrous, petrochemical, food and beverage, and cement sectors.
- Focus on industrial decarbonization solutions with a comprehensive approach to emissions tracking.
Funding and Growth Plans:
- Eugenie.ai has raised $4.4 million from Fractal AI through a Simple Agreement for Future Equity (SAFE) instrument.
- Planning to raise the next round of funding for expansion in the US, Latin America, and MEA markets.
Business Model:
- Operates on a monthly subscription model tailored to each customer’s process line.
- Provides a comprehensive approach to emissions tracking, including measurement, benchmarking, and actionable recommendations.
Impact and Growth Plans:
- Aims to help manufacturers reduce emissions significantly, equivalent to removing 40 million cars from the roads annually.
- Focused on expanding the team and enhancing sales strategies to meet the growing demand for industrial decarbonization solutions.
Market Landscape:
- The global emission monitoring system market is valued at approximately $4.78 billion in 2022.
- Projected to grow at a CAGR of 8.33% through 2028.
- Growth driven by global environmental awareness, stringent regulations, and technological advancements, particularly in IoT integration.
Eugenie.ai’s Role:
- Eugenie.ai is set to play a crucial role in the environmental intelligence platform market, projected to surpass $3.28 billion by 2035.
- Contributes to combatting climate change and promoting sustainability in the manufacturing sector.