Cervest Secures $30 Million In Series A Funding To Launch World'S First Ai-Powered Climate Intelligence Platform And Lead New $40 Billion Market
Cervest Secures $30 Million In Series A Funding To Launch World'S First Ai-Powered Climate Intelligence Platform And Lead New $40 Billion Market
05/20/21, 7:05 AM
Location
londonMoney raised
$30 million
Round Type
series a
Cervest, creator of the world's first AI-powered Climate Intelligence (CI) platform, today announced it raised a $30 million Series A round led by Draper Esprit. Cervest seeks to help enterprises, financial services companies, and governments quantify climate risk down to the asset level and, for the first time, across multiple decades and threats. Current investors Astanor Ventures, Lowercarbon Capital (Chris Sacca), and Future Positive Capital also participated in the oversubscribed round, joined by new investors UNTITLED, the venture fund of Magnus Rausing, and TIME Ventures, the venture fund of Marc Benioff. This financing brings Cervest's total funding to $36.2 million.
Company Info
Location
london, ontario, canada
Additional Info
Cervest offers cloud-based Climate Intelligence (CI) to enable organizations to manage and adapt to climate risk at an asset-level. Its on-demand, AI-powered platform delivers a standardized, science-based view of climate risk – simultaneously analyzing millions of global assets, across multiple time horizons and risk categories. EarthScanTM, the first product on the platform, helps enterprises and governments baseline, monitor and forecast climate risk. Through its open access platform, Cervest incentivizes everyone to share and integrate Climate Intelligence into everyday decisions – protecting the world's critical assets – including our greatest asset, the planet. Cervest is a Certified B Corporation. www.cervest.earth. Follow Cervest on Twitter and LinkedIn.