Q1 2026$612M raised16 deals0 new startups84 open roles

44.01Turning CO2 into rock through accelerated carbon mineralization

Climate tech pioneer that permanently removes CO2 by mineralizing it into peridotite rock. Won the Earthshot Prize 2022. Backed by Amazon Climate Pledge Fund and Breakthrough Energy Ventures.

FROM THE EDITOR'S DESK

Carbon removal is a crowded pitch deck, but 44.01 has something most climate startups lack: geological advantage. Their mineralization process permanently locks CO2 into peridotite rock, abundant in Oman, turning the Gulf's geology from a fossil fuel asset into a carbon storage one. The Earthshot Prize and Amazon/Breakthrough Energy backing validate the science at a level most carbon startups never reach.

At $42M, the company is transitioning from proof-of-concept to commercial scale — where most carbon removal companies stall. Regulatory tailwinds, particularly European carbon border taxes, could drive enterprise demand regardless of cost. 44.01 is a bet that permanent removal commands a premium over temporary sequestration, and that bet looks increasingly sound.

TEAM

Talal HasanFounder & CEO

SNAPSHOT

Founded2020
Total Raised$42M
CategoryCleanTech
StatusActive
Team Size11-50
LocationAbu Dhabi, UAE

FUNDING HISTORY

Jul 2024
Series A$37M
Amazon Climate Pledge Fund

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