Latest news with #Climatiq
Yahoo
7 days ago
- Business
- Yahoo
Climatiq uses AI to automate carbon emission data. See the pitch deck it used to raise $11.6 million.
Berlin startup Climatiq raised a $11.6 million Series A led by Alstin Capital. Climatiq's AI platform automates carbon emissions data for companies. BI got a look at the 11-slide pitch deck used to secure the fresh funding. Climatiq, a startup that's built an AI-enabled platform for companies to collect and automate their carbon emission data, has secured a $11.6 million Series A led by Alstin Capital. The Berlin startup's tool analyzes everything from supply chain data to purchase orders to calculate a company's scope 3 emissions, which measure its indirect carbon footprint. "If you're building any other kind of software, there are existing APIs — but not for carbon emissions. So we've built an infrastructure for carbon tooling," Climatiq's cofounder and CEO, Hessam Lavi, told Business Insider in an interview. Scope 3 emissions, which typically represent around 90% of a company's carbon footprint, are often hard to reliably measure because they are collated from a fragmented set of data points. Climatiq's AI platform automates the collection of this data from various sources, such as NGOs, the Intergovernmental Panel on Climate Change, and universities. These carbon metrics can then be integrated into companies' emissions reports. "There's going to be a need for a trusted source on carbon data. If everyone is reporting data, how do you have confidence in their methodology? That got us interested in building an infrastructure platform for carbon accounting," Lavi said. Some companies in the US and Europe are required to calculate their emissions data to ensure they're complying with ESG regulations. Climatiq charges clients, which include the likes of Celonis and Siemens, based on their usage. Lavi gave the example of feeding the transport records of a freight company into its platform. "We process it, and provide a carbon estimate to our partners — and charge for that API request," Lavi added. President Donald Trump's second term has triggered a wave of backlash against ESG incentives, which has had a knock-on effect on climate startups. In Q1, VC funding into climate tech dried up 50% year-on-year, per PitchBook data, and high-profile climate startups such as Climeworks have announced layoffs in 2025. Amid this environment, Lavi found the fundraising process considerably more difficult than Climatiq's $5.8 million seed in 2022. "It was much tougher than I expected. Compared to our pre-seed and seed, it's definitely a different chaos," he told BI, adding that the startup spoke to around 70 VCs for this funding round. The Series A was led by Munich-based venture capital firm Alstin Capital, with backing from Singular and Cherry Ventures. With the cash injection, Climatiq plans to grow its engineering head count and develop its AI product. We got a look at the 11-slide deck used to secure the fresh funds. Read the original article on Business Insider
Business Insider
7 days ago
- Business
- Business Insider
Climatiq uses AI to automate carbon emission data. See the pitch deck it used to raise $11.6 million.
Climatiq, a startup that's built an AI-enabled platform for companies to collect and automate their carbon emission data, has secured a $11.6 million Series A led by Alstin Capital. The Berlin startup's tool analyzes everything from supply chain data to purchase orders to calculate a company's scope 3 emissions, which measure its indirect carbon footprint. "If you're building any other kind of software, there are existing APIs — but not for carbon emissions. So we've built an infrastructure for carbon tooling," Climatiq's cofounder and CEO, Hessam Lavi, told Business Insider in an interview. Scope 3 emissions, which typically represent around 90% of a company's carbon footprint, are often hard to reliably measure because they are collated from a fragmented set of data points. Climatiq's AI platform automates the collection of this data from various sources, such as NGOs, the Intergovernmental Panel on Climate Change, and universities. These carbon metrics can then be integrated into companies' emissions reports. "There's going to be a need for a trusted source on carbon data. If everyone is reporting data, how do you have confidence in their methodology? That got us interested in building an infrastructure platform for carbon accounting," Lavi said. Some companies in the US and Europe are required to calculate their emissions data to ensure they're complying with ESG regulations. Climatiq charges clients, which include the likes of Celonis and Siemens, based on their usage. Lavi gave the example of feeding the transport records of a freight company into its platform. "We process it, and provide a carbon estimate to our partners — and charge for that API request," Lavi added. President Donald Trump's second term has triggered a wave of backlash against ESG incentives, which has had a knock-on effect on climate startups. In Q1, VC funding into climate tech dried up 50% year-on-year, per PitchBook data, and high-profile climate startups such as Climeworks have announced layoffs in 2025. Amid this environment, Lavi found the fundraising process considerably more difficult than Climatiq's $5.8 million seed in 2022. "It was much tougher than I expected. Compared to our pre-seed and seed, it's definitely a different chaos," he told BI, adding that the startup spoke to around 70 VCs for this funding round. The Series A was led by Munich-based venture capital firm Alstin Capital, with backing from Singular and Cherry Ventures. With the cash injection, Climatiq plans to grow its engineering head count and develop its AI product. We got a look at the 11-slide deck used to secure the fresh funds.
TECHx
02-06-2025
- Business
- TECHx
IFS Unveils AI Software Features in Latest Cloud Release
Home » Emerging technologies » Cloud Computing » IFS Unveils AI Software Features in Latest Cloud Release IFS, a leading provider of enterprise cloud and AI software, has announced the launch of new Industrial AI-powered features in its latest IFS Cloud 25R1 release. The update integrates advanced agentic AI capabilities through with a strong focus on sustainability and automation. These new tools are designed to help asset and service-intensive industries rapidly scale and benefit from Industrial AI. IFS reported that over 200 AI-based capabilities are now included in IFS Cloud. These capabilities support full asset lifecycle management and improve manufacturing operations. The company revealed several new features, including: Forecasting and Inventory Replenishment to improve demand planning and optimize stock management. XD Integration and Visualization for using 2D and 3D data to enhance asset insights and enable real-time maintenance decisions. IFS also introduced: AI Data and Work Generation from Documents to extract maintenance data and generate follow-up actions. Summarized Supply Chain Events to turn unstructured data into actionable insights. Three AI Copilot tools were revealed to support various functions: Sales Quotation Copilot boosts customer service and reduces order errors. Shipment Order Copilot improves freight selection and supply chain workflows. Customer Order Copilot enhances event summaries and communication. The Operation Time Prediction feature uses AI/ML to forecast shop floor operation times and identify potential delays. In addition, IFS reported that the new Emissions Management function supports Scope 1 and 2 emissions tracking. It uses over 160,000 verified emissions factors through a partnership with Climatiq. Christian Pedersen, Chief Product Officer at IFS, stated that solves complex industrial challenges and continues to prove its real-world value. He noted that customers are increasingly choosing IFS for its specialized focus and agile integration of AI. Pedersen added, 'We aim to power the next industrial revolution with AI, and 25R1 is a key milestone in that mission.' IFS also announced a special offer valid until the end of June. Customers can access all use cases with a 12-month subscription and monitored AI usage. The offer includes initial consumption tokens, allowing businesses to evaluate the impact of AI software on performance without variable costs. The company emphasized that IFS Cloud helps businesses handle disruptions, improve planning, and meet sustainability targets effectively.
TECHx
21-05-2025
- Business
- TECHx
Epicor Kinetic Adds Carbon Cost Rollup Solution
Home » Top stories » Epicor Kinetic Adds Carbon Cost Rollup Solution Epicor, a global provider of industry-specific enterprise software, has announced a new addition to its Epicor Kinetic platform. The company revealed the launch of its patent-pending Carbon Cost Rollup solution. This solution is built into Epicor Kinetic, the Epicor Industry ERP Cloud designed for manufacturers. It introduces a new approach to carbon tracking by applying standard cost rollup methods to emissions data. Epicor reported that the feature treats CO2 emissions like currency. This enables manufacturers to calculate their carbon compliance reporting with greater precision. According to Epicor Group Vice President Kerrie Jordan, the idea stemmed from feedback received through the company's Customer Advisory Board. She said the new tool addresses the need for a simplified method of environmental accountability and reporting in the manufacturing sector. Jordan added, 'I am incredibly proud of our team's achievements in building a solution that addresses those needs and empowers organizations to mitigate climate change by prioritizing areas for emissions reduction and addressing their carbon footprint with the same precision and rigor as their financial costs.' The Carbon Cost Rollup process starts at the bill of materials and operations level. It calculates the carbon cost for each component. As the calculation moves upward through the product structure, the total carbon cost becomes clear. This method simplifies the complex process of carbon accounting. It also integrates smoothly with existing cost accounting tools, reducing the need for extensive user training. Epicor also reported that this new solution complements its partnership with Climatiq. In 2024, Epicor announced the integration of Climatiq's carbon footprint calculation API across its portfolio. Helps businesses achieve sustainability goals Supports compliance without affecting profitability With this launch, Epicor aims to support manufacturers in tracking sustainability metrics more effectively. The Carbon Cost Rollup tool strengthens Epicor Kinetic's capabilities in environmental and cost accounting.
Channel Post MEA
21-05-2025
- Business
- Channel Post MEA
Epicor Unveils Carbon Cost Rollup Solution For Manufacturers
Epicor has unveiled its new, patent pending Carbon Cost Rollup solution within Epicor Kinetic, the Epicor Industry ERP Cloud that is purpose-built for manufacturers. The solution establishes 'Cost Rollup' methods from standard costing systems. Adapting this concept transforms carbon tracking by treating CO2 emissions as a currency, helping business leaders to calculate their compliance reporting to a high degree of certainty. 'Through feedback from our Customer Advisory Board members, it became clear there was a need for a simplified approach to environmental accountability and reporting in the manufacturing sector,' said Epicor Group Vice President, Kerrie Jordan. 'I am incredibly proud of our team's achievements in building a solution that addresses those needs and empowers organizations to mitigate climate change by prioritizing areas for emissions reduction and addressing their carbon footprint with the same precision and rigor as their financial costs. This marks a significant step forward in sustainability tracking for manufacturers.' The process begins at the most fundamental level of the bill of materials and operations, calculating the carbon cost for each component. As it ascends through each tier, the cumulative carbon expenditure for the final product becomes clear. This method not only simplifies the complex calculations associated with carbon accounting but also integrates seamlessly with existing cost accounting software, minimizing the learning curve for users. The Epicor Carbon Cost Rollup solution is complementary to the company's collaboration with carbon intelligence platform Climatiq. In 2024, the companies announced the integration of Climatiq's carbon footprint calculation API across the Epicor portfolio to help businesses work toward sustainability goals without compromising profitability. 0 0
