LA-based CarbonCapture raises $80m from Saudi Aramco for scaling air capture technology.

Los Angeles-based CarbonCapture, a company developing machines to capture carbon dioxide from the air, has raised $80 million in funding from investors including Saudi oil giant Saudi Aramco. This is one of the largest private investments in direct air capture technology over the last five years, according to industry tracker PitchBook. The funds will help scale the technology, which has yet to be proven at scale.