San Francisco-based ClimateAi has raised $22 million in a Series B funding round led by Four Rivers Group, with participation from Neotribe’s Ignite Fund and Yaletown Partners. The company provides machine learning and artificial intelligence-based platforms that analyze data from multiple sources to create “actionable insights” for governments, businesses, and other organizations to use in climate resilience efforts. The company had previously raised $16.2m in a Series A funding round in 2021, and has now hit a total of $38.2m in funding altogether.
ClimateAi’s technology can help its customers set expectations for water use and crop management, anticipate disease outbreaks, the spread of pests, and other climate-related insights. The company says that its technology can empower policymakers and business leaders to better anticipate climate-related outcomes and provide better crop and water management, along with other tasks.
The funding round coincides with a period of growth for ClimateAi, which has seen customer numbers multiply four-fold since its last funding round. The company will now use the funding to scale up its platform and expand into new markets such as India, Japan, and other countries. According to a statement from the company, the new funds will also go towards growing its workforce and furthering its research into AI.
ClimateAi’s technology has shown a lot of promise in the field of climate resilience. For example, the company has developed a platform that can forecast the expected yield for a crop using a combination of weather and soil data. This information can then be used to help farmers anticipate weather changes and manage their crops more effectively. The company has also developed a platform that can predict the likelihood of a disease outbreak based on past occurrences and real-time climate and weather data. This information can then be used to inform public health officials and policymakers as they make decisions about disease control efforts.
ClimateAi’s technology is of particular interest to those working in agriculture and food production. The company’s platforms can help farmers and food producers anticipate the impact of changing weather patterns and manage their operations more effectively in response. For example, the company’s technology can help farmers anticipate water shortages and take steps to conserve water resources. This can help reduce crop losses due to drought and other climate-related events.
Of course, ClimateAi’s technology is not limited to the agricultural sector. The company’s platforms can be used in a wide variety of industries, including transportation, energy, and construction. For example, the platforms can help transportation companies anticipate the impact of extreme weather events on their operations, or help construction firms anticipate the effects of climate change on building designs.
As the impacts of climate change continue to be felt around the world, there is an increasing need for technology and tools that can help governments, businesses, and individuals adapt to changing climate conditions. ClimateAi’s technology is an important step forward in this regard, and the new funding round will help the company continue to grow and develop its platforms to meet the needs of its customers around the world.
In Other News Around the World: