New York-based Andium is a company that provides industrial energy players with a carbon footprint platform, powered by on-site monitoring devices and an emissions-management software. Thus, companies can detect a multitude of issues, such as methane leaks, equipment malfunctions and fires. Reducing methane emissions coming from leaks is especially important since this is a very potent greenhouse gas, able to heat the planet up to 80 times more than CO2, despite the fact that it only "lives" in the atmosphere for two decades or so.

Companies like BP and ConocoPhillips already implemented the solution and reported a reduction of the greenhouse gas emissions by as much as 65%, as well as a 45% reduction in operational costs.

According to ESG Today, Jory Schwach, founder and CEO of Andium, said that "our end-to-end Operating System, which monitors and provides real-time, verifiable emissions data from remote locations, has already proven to lower operational costs, cut emissions, and improve safety—helping energy, mining and waste companies meet their net-zero and zero-harm goals."

Aramco Ventures, Climate Investment and Intrepid Financial Partners were among the supporters of the 21.7 million USD Series B round.