Impact Observatory, a Washington, DC-based company that provides AI-powered sustainability and environmental risk analysis services, announced that it secured more than $5.9 million in seed funding.
The latest round included investment by Esri International LLC, an affiliate of Esri. Impact Observatory’s maps are being released via Esri, Microsoft, Amazon, and the UN, and have been accessed over one million times.
The funding will help accelerate Impact Observatory’s go-to-market for its AI-powered monitoring products for governments and commercial customers. It will also support ongoing research and development (R&D) to build additional monitoring capabilities utilizing the full spectrum of commercial space-based data sources.
“Companies that understand their environmental and climate impacts and can anticipate risks are starting to see significant rewards from investors, consumers, and regulators concerned about long term sustainability and climate change resiliency,” said Steve Brumby, Co-founder and CEO of Impact Observatory. “Impact Observatory’s AI-powered monitoring platform provides the timely, actionable data needed for decision makers to fulfill their sustainability initiatives.”
The company’s data-as-a-service (DaaS) product seamlessly integrates space data and deep learning AI to map its changing world with the highest resolution and accuracy on the market. Impact Observatory’s annual maps of the world are being used by customers, including Karingani Game Reserve, International Food Policy Research Institute (IFPRI), and Pula Properties, among others.
Company: Impact Observatory, Inc.
Raised: $5.9M
Round: Seed Round
Funding Month: March 2023
Lead Investors:
Additional Investors: Esri International LLC
Company Website: https://www.impactobservatory.com/
Software Category: AI-powered Mapping and Monitoring Solutions
About the Company: Founded in 2020, Impact Observatory is a mission-driven technology company bringing artificial intelligence (AI) powered algorithms and on-demand data to sustainability and environmental risk analysis for governments, non-profit organizations, companies, and markets. It develops open-source technology and offers AI-powered land use and land cover (LULC) maps, carbon mapping, biodiversity, and human impact mapping. Based in Washington, DC, Impact Observatory’s goal is to empower global decision-makers to be planetary superheroes, with the timely, actionable science-based insights they need to succeed.
Source: https://www.impactobservatory.com/news/seed_round_press_release/