ClimateAi, a firm applying artificial intelligence to climate risk modeling, today announced the launch of its Enterprise Climate Planning (ECP) platform. The ClimateAi ECP platform offers enterprises actionable insights around climate risk, tailored to their supply chains. The launch coincides with the closing of a $12 million Series A round led by AI-focused Radical Ventures, with participation from Finistere Ventures and Robert Downey Jr.'s FootPrint Coalition Ventures, to meet mounting market demand for climate solutions. Existing investors including Neotribe, AME Cloud Ventures and ThirdStream Partners also joined the oversubscribed round, which brings ClimateAi’s total funding to date to $16 million.
“Adapting to the impacts of climate change is critical to the future of our economy and essential to our future as a species,” said Jon Schulhof, co-founder of FootPrint Coalition Ventures. “As economies navigate the realities of climate change, the ClimateAi platform brings much-needed resiliency to our fragile global supply chains — from food and agriculture to industrial, energy and beyond.”
“We’ve reached an inflection point on climate adaptation, and there's a growing sense of urgency around preparing supply chains to quickly adapt to the impacts of climate change. The pandemic — timed with the hottest year to date — put the focus squarely on the vulnerabilities of our food system infrastructure,” said Himanshu Gupta, CEO of ClimateAi. “ClimateAi is already helping major players across the agrifood supply chain better understand, manage and communicate climate risk to improve transparency and increase profitability. Our platform aims to accelerate the transition to climate adaptation across supply chains — similar to what Fairtrade did to responsible sourcing.”
ClimateAi collaborates with experts in AI, climate change, data modeling and supply chain efficiencies, and across key industries like food and ag. Parasvil Patel of Radical Ventures will join the Board of Directors.
About ClimateAi
ClimateAi helps companies better manage climate risk with actionable intelligence to design and protect global supply chains. Leveraging proprietary AI modeling, ClimateAi delivers unmatched weather and climate predictions and conversion into business impact with best-in-class accuracy, precision and scale. Its first-of-its-kind enterprise climate planning platform quantifies climate impacts, providing business-specific insights, reducing risk and creating new value opportunities for customers. Headquartered in San Francisco, ClimateAi is committed to working with industry leaders to standardize climate risk assessments across supply chains to help businesses adapt and bring climate resilience to our global economy.
