When was CUT founded?

CUT was founded in 2014 and raised its 1st funding round 5 years after it was founded.

Where is CUT located?

CUT is headquartered in Calgary, Canada.

How many employees does CUT have?

As of Sep 30, 2026, the latest employee count at CUT is 52.

Is CUT a funded company?

CUT is a funded company, having raised a total of $50.9M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 04, 2019.

When was the latest funding round of CUT?

CUT's latest funding was a $***** Venture Debt round on Apr 02, 2026, with participation from 1 investor.

Where does CUT rank among its competitors?

CUT ranks 1st amongst 52 active competitors, of which 21 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was CUT, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of CUT?

CUT's top competitors include Paebbl, CarbonCure and Carbicrete. Among them, CUT secured the most recent funding round in April, 2026.

CUT - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer focuses on advanced carbon-based building materials. It develops materials suited for concrete and similar construction applications using methods that incorporate captured carbon. Its work supports a range of structural needs through alternatives designed for durability and performance.

Website: carbonupcycling.com
Social
Phone Number: +1 **********

Key Metrics

Founded Year

2014

Location

Calgary, Canada

Stage

Series A

Total Funding

$50.9M in 9 rounds

Latest Funding Round

Venture Debt, Apr 02, 2026, $*****

Investors

BDC & 27 more

Ranked

1^st among 52 active competitors

Employee Count

52 as on Sep 30, 2026

Similar Companies

CarbonCure & 18 more

View CUT's full profile

CUT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Carbon Upcycling Technologies Inc. CIN: 1987505 , United States, Active		$1 - $1M (As on Jul 28, 2023)	-	-

CUT has raised a total funding of $50.9M over 9 rounds. Its first funding round was on Jul 04, 2019. Its latest funding round was a Venture Debt round on Apr 02, 2026 for $*****. 1 investor participated in its latest round. CUT has 27 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of CUT:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 02, 2026	1190928	Venture Debt	4381097	5647821	4844296	7688842
Jun 18, 2025	4077344	Series A	9107892	9827279	6871812	BDC & 6 more
Jul 28, 2023	4348554	Series A	9681525	5921331	Climate Investment & 1 more	Clean Energy Ventures & 5 more

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View details of CUT's funding rounds and investors

The founders of CUT is Greg Boser.

Here are the details of CUT's key team members:

Greg Boser: Former Co-Founder of CUT.

View details of CUT's Founder profiles and Board Members

CUT's employee count trend

CUT has 52 employees as of Sep 26. Here is CUT's employee count trend over the years:

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Top competitors of CUT include Paebbl, CarbonCure and Carbicrete. Here is the list of Top 10 competitors of CUT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CUT 2014, Calgary (Canada), Series A	Manufacturer focuses on advanced carbon-based building materials	$50.9M	Clean Energy Ventures, Clean Energy Venture Group ... & 26 others	63/100
2nd	Paebbl 2021, Stockholm (Sweden), Series A	Manufacturer of carbon-storing supplementary cementitious material for the construction industry	$32.9M	Capnamic Ventures, Holcim & 12 others	62/100
3rd	CarbonCure 2007, Dartmouth (Canada), Series F	Developer of technology that injects carbon dioxide into fresh concrete	$169M	Breakthrough Energy, Pangaea Ventures & 33 others	58/100
4th	Carbicrete 2016, Westmount (Canada), Series A	Developer of technology enabling cement-free concrete production using industrial by-products	$22M	FS Investors, Google for Startups & 10 others	56/100
5th	Blue Planet Systems 2012, Los Gatos (United States), Series C	Provider of carbon capture and sequestration solutions	$27.4M	Chevron Technology Ventures, Holcim & 2 others	55/100
6th	Carbonaide 1996, Joensuu (Finland), Series A	Manufacturer of precast concrete materials	$6.56M	Vantaan Energia, Ihantola Invest & 4 others	52/100
7th	Neustark 2019, Bern (Switzerland), Series C	Provider of carbon mineralization technology that stores CO2 in demolished concrete.	$69M	Verve Ventures, Holcim & 13 others	50/100
8th	CarbonBuilt 2020, Los Angeles (United States), Series A	Manufacturer of concrete masonry products using upcycled binder for construction	$14.4M	Grantham Foundation, Connecticut Innovations ... & 6 others	45/100
9th	ecoLocked 2021, Berlin (Germany), Seed	Manufacturer of carbon-negative concrete and other building materials	$6.12M	Matterwave Ventures, Counteract & 25 others	45/100
10th	Vateris 2021, Chesterfield (United Kingdom), Seed	Developer of a process technology platform that converts industrial carbon dioxide emissions into performance materials	$5.72M	Zacua Ventures, Plug and Play Tech Center ... & 10 others	43/100