Impact Observatory, a Washington, DC-based AI-powered global mapping and monitoring company, raised over $5.9M in seed funding.
The round included investment by Esri International LLC, an affiliate of Esri, the global leader in mapping and location intelligence.
The company intends to use the funds to accelerate its go-to-market for its AI-powered monitoring products for governments and commercial customers, and ongoing research and development (R&D) efforts to build additional monitoring capabilities utilizing the full spectrum of commercial space-based data sources.
Led by Steve Brumby, Co-founder and CEO, 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 provides an AI-powered monitoring platform that gives actionable data needed for decision makers to fulfill their sustainability initiatives.
The data-as-a-service (DaaS) product integrates space data and deep learning AI to map our changing world with the highest resolution and accuracy on the market. This novel data provides insights that empower decision makers with the tools they need to to understand sustainability and environmental risks and anticipate change at unprecedented speed and scale, enabling customers to:
- Plan for sustainable livelihoods and food security: it monitors the health and impact of agriculture, and urban expansion, across an entire country or regional watershed.
- Protect carbon and reduce climate change: its algorithms enable more accurate measurement of carbon in changing landscapes and show the value of forests and wetlands that store carbon, protect coastal communities from disasters, and ensure clean water supplies.
- Protect and Restore biodiversity and ecosystem services: Its data tracks environmental trends, threats, and the impact of actions to reduce biodiversity loss and maintain the clean food and water that healthy ecosystems provide.
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.
FinSMEs
29/03/2023