Say hi to Nika.eco! This Singapore-based  climatetech startup just raised a seed round.

They build proprietary AI models to help companies develop better nature-based projects and reach their net-zero goals.

• They claim their audit-grade models are used by leading financial institutions, including Carbon Growth Partners and major European Banks.

Investor check. Silverstrand Capital led the round. Timbul Ventures, DMV Investments, Orvel Ventures and Ascend Network also participated.

• The amount raised is hush-hush. 🤫

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🌏 How it works

Their AI-powered software tracks forest carbon, deep dives into geospatial data, and looks into several factors like additionally, baseline, leakage, and permanence data.

Not like the rest. Traditional carbon models take 6-8 months to train and build by industry standard.

• Theirs has been able to support customers within a month.
• They claim their geospatial ML infrastructure automatically configures optimal reserves to ensure their model is scalable and built efficiently.

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🤔 What this means?

For corporate offsets. Guides companies to make  informed decisions on which projects offer high quality carbon credits using AI and a ground team.

• Project developers. Leverages AI to help developers obtain critical climate data throughout the duration of their project.

They understand that companies want to do good but the lack of data makes it difficult.

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💥 What’s next

Beyond carbon, they plan to create geospatial infrastructure technology as a standalone SaaS tool, which lowers the cost and tech barriers to developing other climate models.

The vision? Redesign the geospatial and climate modeling space by making ML infrastructure easy to use and accessible to all.