Insight Terra secures $5.7 million in funding to enhance its AI-driven platform addressing climate change impacts.

Target Information

Insight Terra, a pioneering company based in Cape Town, has successfully secured $5.7 million in a Series A extension funding round. The funding is aimed at expediting the scale of its AI-driven greenhouse gas (GHG) and environmental risk platform. Co-Founder and CEO Alastair Bovim emphasizes that this investment highlights a substantial commitment to leveraging technology in addressing climate change challenges, specifically in the extractive industries and beyond.

The company aims to tackle significant challenges posed by climate change, focusing on both geotechnical and environmental risk management as well as monitoring GHG emissions. With support from investors such as E3 Capital, Fireball Capital, and Atlantic Bridge, Insight Terra will enhance its commercial and technical teams, thereby enabling global industries to maintain compliance with international safety standards while ensuring staff safety.

Industry Overview in South Africa

South Africa faces critical infrastructure challenges exacerbated by climate change, resulting in heightened risks to communities and the environment. The necessity for effective digital technology solutions is more pressing