Berlin-based Climatiq has raised €10M in a Series A funding round led by Alstin Capital, aimed at enhancing AI tools for accurately measuring carbon emissions. The funding will focus particularly on Scope 3 emissions, which represent about 90% of a company's carbon footprint and are particularly challenging to measure due to their complexity. With an extensive database of over 200,000 emission conversion factors, Climatiq aims to become the leading infrastructure provider for emissions data, aiding companies in effective emissions management and decision-making processes.
CO2 emissions have long been a real cost factor for companies due to regulation, internal carbon pricing, and investor pressure. Effective emissions management requires reliable data.
Climatiq is in the leading position to become the central infrastructure provider for emissions data, with its comprehensive database and AI-based emission factor matching tools.
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