Summit Carbon has raised a total of $1.32 billion across two Series C funding rounds, reaching a $1.1 billion valuation as of May 2022. The company secured $1.07 billion in October 2021 led by The Rise Fund, followed by an additional $250 million in March 2022 led by Continental Resources. Founded in 2021 and headquartered in Ames, Iowa, Summit Carbon develops large-scale CO₂ pipeline infrastructure to capture, transport, and store carbon emissions, supporting industrial decarbonization and sustainable energy initiatives across the United States.