EnviroTech firm Insight Terra has closed its Series A extension funding round at 拢4.6m.
The funding will be used to rapidly scale its AI-driven greenhouse gas and environmental risk platform.聽
The London-based firm says its real-time edge-to-cloud data management platform delivers actionable insights into environmental risks.
Its tools allow companies to monitor, measure and reduce their ‘fugitive’ greenhouse gas emissions while safeguarding critical infrastructure.
Co-founder and CEO Alastair Bovim says the investment shows 鈥榓 strong commitment鈥� to tech-enabled solutions addressing climate change and 鈥榓 significant investment into innovation, safety, and emerging climate-tech for extractive industries and beyond鈥�.
鈥淭he investment will enable us to accelerate the development and expansion of our platform鈥檚 capabilities to comprehensively tackle some of the more complex monitoring, reporting, and verification challenges faced by various industries today,鈥� added Bovim.
The investment has come from E3 Capital, Fireball Capital, Atlantic Bridge, Globalive, and JLR Star and will enable the expansion of Insight Terra鈥檚 commercial and technical teams to scale its support for global industries.聽
Andrew Darge, E3 Capital鈥檚 lead on the investment, added: 鈥淭he cutting-edge capability of the Insight Platform puts it at the forefront of technology solutions to manage climate-related risks across infrastructure in Africa鈥檚 critical industries.聽
鈥淲e believe the Insight Terra team and its platform can create meaningful impact that aligns with E3鈥檚 objectives to invest in companies that drive low carbon solutions for economies in Africa and we are proud to have led this round and join an exceptional investor group.鈥�