Origin Ventures
Assembly Line
Torus Secures $67 Million in Venture Financing to Advance Energy Storage and Energy Management Platform
Torus, Inc. announced a significant milestone in its journey: the successful completion of an equity fundraising round and the expansion of its Board of Directors. This financing round, totaling $67 million in new equity, conversion of outstanding notes, and a loan facility, was led by Origin Ventures, a venture capital firm known for supporting disruptive software and hardware companies powering the Digital Native economy. The financing also saw contributions from notable institutional investors including Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion and ICONIQ.
Torus plans to use these funds to deepen its energy solutions portfolio in the commercial and large-scale utility sectors and add critical talent to the Torus team.
🎛️ ControlRooms.ai Raises $10 Million in Series A Funding Led by Origin Ventures
ControlRooms.ai, the leading provider of AI-assisted troubleshooting for heavy industry, today announced that it has closed an oversubscribed $10 million Series A financing round. The round was led by Origin Ventures, with participation from Amity Ventures, Tokio Marine Future Fund, S3 Ventures, GTM Fund, Alpha Square Group, and FJ Labs among others.
The funding will be used to accelerate ControlRooms.ai’s product development and go-to-market in the chemical, energy, and materials segments of heavy industry. ControlRooms.ai is live at industry leaders such as OCI Global and Ardagh Group. With the ControlRooms AI-assisted troubleshooting application, teams enhance productivity, minimize downtime, and optimize resource allocation. ControlRooms.ai does not rely on pre-programmed, static rules to identify operational problems. Instead, its AI dynamically learns plant behavior on its own and surfaces issues before humans or alarms can detect them.