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INDUSTRY FIRST

Cervest Secures $30 Million In Series A Funding To Launch World'S First Ai-Powered Climate Intelligence Platform And Lead New $40 Billion Market

May 20, 2021•over 4 years ago

Amount Raised

$30 Million

Round Type

series a

London

Description

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 Information

Company

Cervest

Location

London, Ontario, Canada

About

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.

Company News

(3 articles)

Thu, 04 May 2023 07:00:00 GMT

Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk - Accenture

Thu, 16 Sep 2021 10:07:51 GMT

Microsoft’s top AI expert, Lila Tretikov, joins a London startup to fight climate change - Startups Magazine

Thu, 23 May 2024 07:00:00 GMT

The Government said AI firm Cervest could ‘transform lives’ — It was weeks from collapse - London Evening Standard

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