Cemex Ventures invest in OPTIMITIVE
Company pushing boundaries of real-time industrial process optimization with AI technology
CEMEX Ventures, Cemex’s corporate venture capital (CVC) and open innovation unit, have executed an investment agreement with OPTIMITIVE, a Spanish company that provides high-tech solutions through advanced analytics and artificial intelligence (AI) to optimize efficiency and sustainability in processes within energy-intensive industries.
Founded in 2008, OPTIMITIVE have developed proprietary artificial intelligence software to enhance efficiency across heavy industries. They offer advanced solutions for process improvement, maintenance, and services, with a strong focus on the cement industry during recent years. Based in Alava, Spain, the company is said to have developed one of the most far-reaching solutions on the market, featuring real-time and closed-loop process optimization, 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 allows large-scale adoption without requiring specific AI expertise – and continuous operation 24h a day, 365 days a year. OPTIMITIVE are currently commercializing two main products: Optibat Studio – a tool for historical data analytics, modelling, and optimization used by process engineers; and Optibat RTO – a tool for real-time operation used by process operators.
‘OPTIMITIVE have a robust customer base across a large number of sectors, making them an ideal partner that reinforces Cemex’s commitment to transforming the industry through collaboration with breakthrough technologies,’ said Alfredo Carrato, investment and open innovation advisor at Cemex Ventures. ‘We are excited about this partnership with OPTIMITIVE, given the impressive results they have already achieved in Europe and the US in projects to date with Cemex.’
Fernando de la Prida, chief executive officer of OPTIMITIVE, said: ‘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 OPTIMITIVE through this investment. This decision reflects the high level of satisfaction among our clients and the competitive advantages that OPTIBAT brings to their operations.’
Cemex are seeking to scale OPTIMITIVE’s solution across their operations as part of their Digital Innovation in Motion ecosystem, with the goal of agile, large-scale deployments in the near future. By integrating this groundbreaking solution, the company aims to significantly reduce energy consumption at its production facilities while simultaneously increasing (production) efficiency by up to double digit percentage points.
