![]() Our platform aims to accelerate the transition to climate adaptation across supply chains – similar to what Fairtrade did to responsible sourcing. “ClimateAi is already helping major players across the agrifood supply chain better understand, manage and communicate climate risk to improve transparency and increase profitability. The pandemic – timed with the hottest year to date – put the focus squarely on the vulnerabilities of our food system infrastructure and supply chains,” said Himanshu Gupta, CEO of ClimateAi. “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 impact of climate change. This could include identifying new locations for climate-smart expansions for specific crops and ingredients, better managing inventory to avoid shortages, and forecasting pressures from certain pests or diseases. ![]() Other investors in the round included Finistere Ventures, Neotribe, AMECloud and ThirdStream Partners, bringing ClimateAi’s total funding to date to $16 million.Īlongside the funding announcement, ClimateAi revealed a new tool for enterprise clients across the supply chain to minimize their climate risk exposure with “properly forecast extreme weather more than two weeks in advance.” Using machine learning to make predictions based on a wealth of data points, the startup says this will enable its clients - which range from processors and packers to seed and chemicals inputs companies and agriculture finance to retailers and farmers’ advisors - to better plan for the changing climate. The startup raised the funding in a round led by AI-focused Radical Ventures with participation from Robert Downey Jnr’s new venture fund FootPrint Coalition. This could cause significant disruption to farming and the world’s food supply.īut what if farmers, their advisors and their supply chains, could predict the weather would that help?ĬlimateAi, a predictive weather analytics startup out of San Francisco, says it can and it just raised $12 million in Series A funding to do so. And with the World Meteorological Organization predicting a 90% likelihood that a year between 20 will be the hottest on record, it’s only going to get worse. Forever unpredictable, it’s now more erratic than ever as global warming creates more extreme weather events such as severe flooding, drought, storms. Without a doubt, the biggest challenge the majority of farmers face the world over is the weather.
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