ClimateAI, a San Francisco, CA-based climate technology company leveraging machine learning and AI, raised $22M in Series B funding.
The round, which brought the total amount to $38M, was led by Four Rivers Group, with participation from Neotribe’s Ignite fund, Yaletown Partners, Radical Ventures, Neotribe Seed Fund, and Academy Investor Network.
The company intends to use the funds to accelerate expansion into new territories, including India and Japan, as well as low-income countries in the Global South, and grow the team.
Led by CEO Himanshu Gupta, ClimateAi is a technology company focused on using machine learning and AI to address climate change. Its platform combines analytics with data from multiple sources to generate actionable insights for policymakers, businesses, and other stakeholders to help build resilience against the effects of climate change.
ClimateAi’s climate resilience platform helps companies and governments minimize near- and long-term climate risk exposure — across operations, sourcing and supply chain, risk management, asset diligence & portfolio management, demand planning, sales and marketing, and sustainability and TCFD reporting. The platform uses combines advanced machine learning and data points from multiple sources to generate actionable weather, climate, and water insights for businesses. The technology can identify new locations for climate-smart expansions for specific crops, commodities, and manufacturing sites, assess an investment portfolio for climate and water risks, better manage inventory to avoid shortages, and forecast pressures from certain pests or diseases to inform commodity sourcing strategy. Customers range from processors and packers to seed and chemicals inputs companies, and financial institutions to manufacturers – as well as policymakers, and other stakeholders.
FinSMEs
14/04/2023