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Impact Observatory Secures $5.9M Seed Round to Bring AI-powered Space-based Monitoring for Sustainability, Climate, and Environmental Risk

By Eric Van Rees - 30th March 2023 - 05:49

Impact Observatory, a provider of AI-powered global mapping and monitoring, announced that its seed funding round has closed, raising more than $5.9M.

The funding will help accelerate Impact Observatory’s go-to-market for its AI-powered monitoring products for governments and commercial customers. The funding will also support ongoing research and development (R&D) to build additional monitoring capabilities utilizing the full spectrum of commercial space-based data sources.

The latest round included investment by Esri International LLC, an affiliate of Esri, the global provider of mapping and location intelligence. Impact Observatory’s maps are being released via Esri, Microsoft, Amazon, and the UN, and have been accessed over one million times.

“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.”

Read More: Digital Mapping Central Government

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