ClimateAi Raises $22M, Eyeing New Markets and Better Tech

San Francisco-based ClimateAi has raised $22 million in a Series B funding round, with the fresh capital earmarked for scaling the company’s platform, among other uses.

The company uses machine learning and artificial intelligence to analyze data from multiple sources and create what it calls “actionable insights” that governments, businesses and other organizations can use for climate resilience efforts.

The funding round was led by Four Rivers Group and included Neotribe’s Ignite Fund and Yaletown Partners. Prior investors Radical Ventures, Neotribe Seed Fund and Academy Investor Network also took part.

Since its 2017 founding, ClimateAi has raised $38.2 million, according to Crunchbase.

The company conducted a Series A round in 2021, and has since experienced a “four-fold” customer increase, according to a statement.

The new funding also will help the company expand into India, Japan and other countries; grow its workforce; and further research into its AI. The technology sold by ClimateAi can help customers set expectations for, say, water use and crop management, anticipate disease outbreaks and the spread of pests, and provide other climate-related insights.