The San Francisco-based company also announced the launch of Enterprise Climate Planning, a platform that allows businesses to adapt climate resiliency into their supply chains. The round also included participation from Finistere Ventures and Robert Downey Jr.’s FootPrint Coalition Ventures. (The Logic)
Talking point: With the funds, ClimateAI will accelerate its global rollout with the aim of being deployed across 500 million acres of farmland around the globe. Climate tech has been called “the next frontier for venture capital.” Investment in the sector, which concentrates on mitigating the effect of climate change on businesses, grew by over 3,750 per cent to US$16.1 billion between 2013 and 2019, according to a 2020 PwC report.