EcoRatings, a New York-based cleantech startup, has raised $1 million (INR 8.3 crore) in a pre-seed funding.
Investors
The investment was from We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google.
EcoRatings Use of Funds
The company will use the funds to acquire paid data sources, increase the number of tokens, and introduce multi-modal capabilities.
About EcoRatings
Founded in 2023 by Aditi Balbir, Aqeel Ahmed, and Shruti Anand, EcoRatings uses AI/ML and Big Data to quantify the environmental impact of products and services, aligning its methodology with the United Nations' 17 Sustainable Development Goals and ESG norms. The platform analyzes vast datasets to provide real-time, contextually relevant insights, aiding organizations in meeting sustainability goals through a domain-specific large language model with RAG architecture. EcoRatings serves consultants, investment banks, large corporations, and aggregators, supporting sustainable decision-making.
Funding Details
Company: EcoRatings
Raised: $1.0M
Round: Pre-Seed Round
Funding Month: May 2024
Investors: We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, Google
Company Website: https://ratings.eco/
Software Category: Sustainability Solutions
Source: https://inc42.com/buzz/cleantech-startup-ecoratings-bags-pre-seed-funding-to-help-firms-meet-esg-goals/