Chloris Geospatial, a climate-tech company specializing in satellite-based forest carbon monitoring, has secured $8.5 million in Series A funding. The investment round was led by Future Energy Ventures, with participation from existing investors including AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures.
The new funding will support the acceleration of product development, expansion of commercial and technical teams, and the establishment of a European hub to enhance regional growth and customer engagement. This initiative aims to meet the increasing demand for verifiable, high-quality nature-based solutions in the climate sector.
Chloris Geospatial utilizes satellite data, sensor fusion, and machine learning to provide precise measurements of forest carbon dynamics, including growth and degradation. Their technology offers consistent and affordable data on forest conditions globally, dating back to the year 2000. This capability is crucial for organizations seeking reliable information to inform climate strategies and carbon accounting.
As the urgency to address climate change intensifies, Chloris Geospatial's advancements in forest carbon monitoring are positioned to play a significant role in supporting global efforts toward sustainability and carbon neutrality.