Chloris Geospatial Secures $2.5m in Funding Round

Chloris Geospatial, a Boston-based start-up that is pioneering advanced approaches to produce accurate planetary-scale terrestrial biomass accounting, has secured first round seed investment today. Chloris closed the round with a $2.5 million investment from At One VenturesCounteract, and experienced angel sustainability investors.

The company is building a high integrity data platform of carbon stock and change with globally consistent direct measurements, giving its customers the highest possible transparency on the true performance of land assets, from rainforests to managed landscapes. 

Launched in February 2021, it builds on almost two decades of innovative remote sensing research and detailed ground calibration by the founding team. Chloris is already capable of providing accurate, reliable measurement of carbon stock and change globally.

“We need the natural world to help us meet our net-zero commitments. But the data currently available to support that contribution is either unaffordable, not scalable, or lacks the necessary integrity. I believe Chloris has the solution,” says Alessandro Baccini, PhD, Chloris Chief Scientist and co-founder.

The executive team has decades of experience. Co-Founders are Dr. Alessandro Baccini, a pioneer in the space-based measurement of carbon and biomass for over two decades; Marco Albani, who was the founding director of the Tropical Forest Alliance at the World Economic Forum, and previously a Senior Expert in sustainability at McKinsey & Company; Prof. Mark Friedl, professor of Earth and Environment at Boston University and co-founder of Tellus Labs; and Giulio Boccaletti, formerly the Chief Strategy Officer of the Nature Conservancy and a partner at McKinsey.

Counteract Investor and Entrepreneur Matt Isaacs, said: “I wanted to help Chloris because all too often satellite data is just treated like pictures, rather than what they are: sophisticated measurements that require care and rigor.

“This business is an exciting opportunity to bring a new level of climate data reliability to the commercial world, enabling companies to gain access to high-integrity products backed by years of published science. I am really looking forward to what promises to be a fantastic journey.”

Chloris’ global coverage and high integrity approach mean that its technology is suitable for carbon project developers, corporate buyers of offsets, investors seeking to understand opportunities, funders looking to evaluate the performance of their grants, and public institutions looking to cross-validate their estimates.

Launched in February 2021, it builds on almost two decades of innovative remote sensing research and detailed ground calibration by the founding team. Chloris is already capable of providing accurate, reliable measurement of carbon stock and change globally.

Earlier this year, Chloris was recognised as a top innovator in the Carbon Market Challenge of UpLink at the World Economic Forum, based on its ability to enable organizations to “confidently invest in Nature-Based Solutions”.

The company intends to rapidly roll-out access to its data platforms and solutions within the next six months, so that organizations can accurately evaluate investment opportunities, track, and report their impact on the natural environment, and monitor the performance of their biomass assets over time.

About alastair walker 7389 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.