South African startup Insight Terra has raised US$5.7 million in Series A extension funding to rapidly scale its AI-driven greenhouse gas (GHG) and environmental risk platform.
Insight Terra specialises in environmental risk management and offers a platform that transforms complex data into actionable insights. By focusing on real-time analytics, the platform enables organisations to monitor and mitigate their environmental impact effectively, improving sustainability and compliance efforts.
The company has secured a US$5.7 million round of investment from E3 Capital, Fireball Capital, Atlantic Bridge, Globalive, and JLR Star, which will enable the expansion of its commercial and technical teams to scale its support for global industries, helping clients ensure staff safety and comply with the demands of international standards.
Alastair Bovim, co-founder and CEO of Insight Terra, said the investment demonstrated a strong commitment to tech-enabled solutions to address climate change and a significant investment into innovation, safety, and emerging climate-tech for extractive industries and beyond.
“The investment will enable us to accelerate the development and expansion of our platform’s capabilities to comprehensively tackle some of the more complex monitoring, reporting, and verification challenges faced by various industries today,” he said.
“In a country like South Africa where climate change is leading to a very real increase in the risks of critical infrastructure failure impacting communities and the environment, there is a compelling case to make better use of digital technology. Real-time monitoring and the conversion of insights into action helps mitigate the risks of negative environmental and human impacts from GHG emissions and geotechnical disasters, such as the 2019 Brazil Brumadinho dam collapse.”
Andrew Darge, E3 Capital’s lead on the transaction, said the cutting-edge capability of the Insight Platform put it at the forefront of technology solutions to manage climate-related risks across infrastructure in Africa’s critical industries.
“We believe the Insight Terra team and its platform can create meaningful impact that aligns with E3’s objectives to invest in companies that drive low carbon solutions for economies in Africa. We are proud to have led this round and join an exceptional investor group,” he said.
