Admit it, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million in seed funding in a round led by Salesforce Ventures and the Female Founders Fund. Climate-tech VC Satgana is also participating alongside other investors, including Pale Blue Dot and Superorganism, which previously backed the startup in its $2 million pre-seed round earlier this year.
Amini takes data from satellites and integrates it with other datasets including sensor, research, and ground truth to, for example, offer insights into biodiversity, soil or plant health, or to track the development and farming practices (regenerative) such as the use of water or fertilizers. . The startup says its platform is capable of creating real-time monitoring tools and ML models to support insights into various actions including flood detection.
Kate KallotAmini founder and CEO, says the data aggregation platform taps into artificial intelligence and space technologies to make environmental data in Africa easily accessible, for easier decision making and transparency in supply chains.
“What we’re building is to make brands more accountable and do what’s right for people, the environment and the planet. It also helps them measure progress against what they say they do or will do, but also in a way that shows the world that they are truly sustainable brands… TechCrunch.
Its main clients include businesses in the agricultural and insurance industries, among them Aon. Amini also points to food and beverage companies and consumer packaged goods producers “looking to keep up with the transformation of their supply chains” as it doubles down on enabling multinationals to change. their supply chain to change. This comes as new regulations in the US and Europe force corporations to disclose climate risks in their supply chains.
Kallot said Amini’s leadership in improving transparency, data access, and greater economic inclusion for farmers is a “unique opportunity to initiate positive feedback loops that will transform in the world’s food systems.”
“We want to empower our people. We want to help all the farming population to move our people from survival to development. Our thesis is that you can only do that if you have access to data because if you have access to data, you have transparency and if you have transparency, then you have trust. And when you have confidence, people will invest more,” said Kallot, who previously held technology roles at various companies including Nvidia and Intel.
“This is exactly why we’re doing this. We’re trying to empower people and flip the narrative when it comes to Africa. But also recalibrate the value chain a little bit, because if you look at the cocoa value chain, for example, the people who make the most money are probably the ones who sell the finished product. The people who make the least money are the ones who make the goods. How can you rebalance and change that chain and bring the value into the hands of the farmers and the people of the continent?” Kallot’s pose.
Amini, which can provide historical data for up to 20 years, has unlimited use cases, and Kallot is eager to build it into a platform that can be used to build other solutions for the continent.
“Amini’s big dream is to be a pure platform game. We don’t solve the problems of the entire continent, and that’s why we focus on making sure we have good environmental data for Africa. And then give thousands of developers and people tools to help them create even more innovative solutions for their communities,” he said.
Commenting on the deal, Claudine Emeott, the VP of Salesforce Ventures Impact Fund, which has invested in several African companies including Flutterwave, Andela and Angaza, said: “We are delighted to support Amini, a leading company at the forefront of innovation in artificial intelligence and climate technology. Amini.ai’s cutting-edge technology is poised to transform industries and drive transformational change. With a visionary team and a commitment to pushing the boundaries of climate AI, we are confident that it is poised for incredible growth.