Phykos

Phykos

Private
Oakland, CaliforniaEnergy & Sustainabilityhttps://phykos.co

Last Round

Accelerator

Sep 1, 2021

Total Funding Raised

$125,000

Company Overview

Phykos, PBC is an atmospheric carbon dioxide removal company founded in 2020. It develops and operates low-cost, solar-powered autonomous vessels for cultivating fast-growing seaweed on the open ocean. The seaweed biomass is periodically harvested and deposited into the deep ocean, sequestering the embodied carbon. The company's business model is based on selling the resulting carbon credits to corporations and governments to help them meet their climate commitments. Phykos was part of the Y Combinator Summer 2021 batch and is backed by investors including Ocean Visions, Y Combinator, and Climate Capital.

Sector

Energy & Sustainability

Verticals

Carbon Capture, Autonomous Vehicles, Sensors

Business Model

B2B

Customer Profile

Services & Consulting, Government Contracts

AI Layer

Application

Keywords

carbon dioxide removalCDRcarbon removal creditsseaweed cultivationocean carbon sequestrationautonomous vesselsseaweed farmingmarine roboticsseaweed sinkingclimate techtractors of the seadurable carbon removalocean sensingunmanned surface vehiclesUSVenvironmental monitoringsolar-powered vessels

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Phykos Comps

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CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Phykos Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
AcceleratorSep 1, 2021

Phykos Investors

Notable investors and investment history

InvestorRounds
GaingelsAccelerator
Climate CapitalAccelerator
Y CombinatorAccelerator
Ocean VisionsAccelerator

Phykos Filings

SEC and related filings with document metadata.

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Phykos Filings

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Firmographic Details

HeadquartersOakland, California
Year Founded2020
Last FundingSep 1, 2021

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