Nairobi's Amini, a Climate-Tech Startup, Secures $4 Million in Seed Funding Round
Dec 3, 2023
Enrich Africa
4 minute(s) Read
News featured image

Amini, a pioneering climate tech startup headquartered in Nairobi, has recently closed a significant seed funding round, raising $4 million to bolster its mission of addressing Africa's environmental data deficit using artificial intelligence and satellite technology.


The funding round was led by Salesforce Ventures, the investment arm of Salesforce, a renowned global tech company, and Female Founders Fund, a venture fund specifically dedicated to supporting female-founded startups.


This achievement follows Amini's earlier success in securing a $2 million pre-seed funding round in March 2023, primarily led by Pale Blue Dot, backed by Superorganism, who remained part of this recent seed round, alongside new investors like Satgana.


Claudine Emeott, VP of Salesforce Ventures Impact Fund, expressed excitement about supporting Amini's groundbreaking work at the intersection of artificial intelligence and climate technology. She believes Amini's pioneering technology has the potential to redefine industries and drive transformative change, citing confidence in Amini's trajectory for exceptional growth.


Amini boasts a team with over 20 years of collective experience in developing AI solutions for major tech players like NVIDIA, Arm, and Apple. The company aims to establish an AI ecosystem tailored for the emerging markets it intends to serve.


The newly acquired funds will be instrumental in propelling Amini's expansion into new sectors, notably supporting major players in the food and beverage as well as consumer packaged goods industries. These efforts are geared towards facilitating sustainable transformations within their supply chains across the tropical belt.


Amini's initial success with corporations and multinationals in the agricultural and insurance sectors, including collaborations with Aon, a global professional services firm, has laid the groundwork for their continued momentum.


READ ALSO - FrontEdge Secures $10M in Debt and Equity Funding for African Exporters


Ciara Jackson, Global Food, Agribusiness & Beverage Leader at Aon, expressed enthusiasm for the collaboration with Amini. She believes the technology offers novel opportunities for corporations, farmers, and regulators to enhance agricultural value chains and bolster resilience in the face of climate change.


Founded by AI innovator Kate Kallot, Amini is committed to constructing a comprehensive African environmental data collection and intelligence infrastructure. The platform enables real-time monitoring tools and machine learning models, offering insights into various aspects such as soil health, water usage, flood detection, and crop health at the farm level.


Kate Kallot, CEO and Founder of Amini, emphasized the company's dedication to driving an economic transformation for Africa's billion-strong population. The technology aims to de-risk the early stages of the global agricultural value chain by providing transparency, data access, and economic inclusion for farmers, thereby initiating positive feedback loops to revolutionize global food systems.


READ ALSO - Waspito Secures $2.5M Seed Extension for Offline Patient Expansion and Scaling


Acknowledging the significance of new regulations in the U.S. and Europe compelling corporations to disclose climate risks in their supply chains, Kallot highlighted how the investment from Salesforce Ventures and Female Founders Fund would expedite Amini's scaling efforts, enabling sustainable growth and expanded business operations.


Anu Duggal, Founding Partner at Female Founders Fund, expressed excitement about partnering with Kate and Amini, citing the company's unique positioning to bridge Africa's environmental data gap. Leveraging advanced AI and satellite technology, Amini aims to establish an extensive environmental data collection and intelligence network across the continent.


Duggal emphasized the potential impact of Amini's data on Sub-Saharan Africa, where 65% of the world's untapped arable land resides. She highlighted how this data could empower farmers with critical insights for optimal practices, potentially sparking a development wave capable of addressing global food security concerns exacerbated by climate change.


In essence, Amini's endeavors signify not just an environmental initiative but a significant stride towards a sustainable future, particularly concerning global food security, driven by data-driven innovation and technological prowess.

Dec 3, 2023
Enrich Africa
4 minute(s) Read
Tags
Amini
Categories
Funding

Similar News

May 26, 2024

South African Startup Orca Raises €550K to Tackle Fraud in Emerging Markets

Read More
May 26, 2024

Egyptian Proptech Startup Birdnest Secures Undisclosed Pre-Series A Funding

Read More
May 20, 2024

OpenseedVC, Announces Initial Close of $10M Fund

Read More

Are you a start-up or an entrepreneur in Africa?

Subscribe to our mailing list

Say Hello!

Contact Us