Climate X Raises $1.5M in Funding

Climate X, a London UK-based climate Intelligence startup, raised $1.5M in funding.

The round was led by Pale Blue Dot, with participation from Blue Wire Capital, A100x and Possibilian.

The company intends to use the funds to expand operations, accelerate growth and its business reach.

Co-founded by CEO Lukky Ahmed and CPO Kamil Kluza, Climate X provides businesses, governments and individuals around the world with a climate intelligence platform which uses a combination of physical risk models and machine learning to automatically project how extreme weather events linked to climate change could impact millions of specific assets or locations anywhere in the world, up to 80 years into the future.

The company is set to release its final product to the UK market by the end of 2021, with plans for rapid international expansion in 2022.