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[ARTICLE · art-61640] src=techfundingnews.com ↗ pub= topic=artificial-intelligence verified=true sentiment=↑ positive

This Imperial College spinout using physics AI to run the world’s refineries just raised $20M from KBR and Databricks

Applied Computing, an Imperial College spinout using physics-based AI to optimize refinery operations, raised $20 million from KBR and Databricks. The London startup's technology is already deployed at one of the world's largest oil refineries.

read1 min views1 publishedJul 16, 2026

One of the world’s largest oil refineries is already using AI from Applied Computing, a London startup founded…

source & further reading
techfundingnews.com — original article AI writes code faster than developers can review it. These ex-Dropbox and Palantir brothers raised $15M to fix that DeepSeek reportedly seeks $1.5B ahead of IPO at $71B valuation Chai Discovery triples to $3.8B in 7 months as OpenAI-backed drug designer lands $400M after Novartis deal
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