- Impact Observatory announced that it has raised $5.9 million.
Impact Observatory – a leader in AI-powered global mapping/monitoring – announced that its seed funding round has closed, raising over $5.9 million. This funding round will help accelerate Impact Observatory’s go-to-market for its AI-powered monitoring products for governments and commercial customers. This funding round will also support ongoing research and development (R&D) to build additional monitoring capabilities utilizing the full spectrum of commercial space-based data sources.
This funding round included investment by Esri International LLC, an affiliate of Esri, the global leader in mapping and location intelligence. And Impact Observatory’s maps are being released via Esri, Microsoft, Amazon, and the UN, and have been accessed over one million times.
Impact Observatory’s data-as-a-service (DaaS) offerings seamlessly integrate space data and deep learning AI to map the changing world with the highest resolution and accuracy on the market. And this novel data offers powerful insights that empower decision-makers with the tools needed to understand sustainability and environmental risks and anticipate change at unprecedented speed and scale.
Impact Observatory’s annual maps of the world are being used by customers like Karingani Game Reserve, International Food Policy Research Institute (IFPRI), and Pula Properties, among others. And the National Geospatial-Intelligence Agency (NGA) selected Impact Observatory for a Small Business Innovation Research (SBIR) grant to advance the company’s technology as they see the promise in its fast, accurate, automated land use and land cover change monitoring.
KEY QUOTES:
“Companies that understand their environmental and climate impacts and can anticipate risks are starting to see significant rewards from investors, consumers, and regulators concerned about long-term sustainability and climate change resiliency. Impact Observatory’s AI-powered monitoring platform provides the timely, actionable data needed for decision makers to fulfill their sustainability initiatives.”
— Steve Brumby, Co-founder and CEO of Impact Observatory
“Accessible maps of the planet are a fundamental tool for understanding the world, especially as the effects of climate change accelerate globally. We are proud to partner with Impact Observatory on its groundbreaking mapping and monitoring products that enable our users to see and monitor recent changes in land use, so they can take a geographic approach to decisions about food security, sustainable land use, resource management, and more.”
— Jack Dangermond, president and founder of Esri
“Impact Observatory’s AI-powered technology enables our team to easily see how the ecosystems in the Northern Tuli Game Reserve are changing, monitor the progress of our conservation efforts, and analyze changes in human development pressures in the vicinity.”
— Grace Dovey, Environmental and Sustainability at Pula Limited
“IFPRI is on a mission to provide research-based policy solutions that sustainably reduce poverty and end hunger and malnutrition. The technology from Impact Observatory helps us further our mission by providing timely access to satellite-based automated maps of the extent of major crops, which gives us the ability to advise policy and prioritize investments using consistent, near-real-time insights across the globe.”
— Jawoo Koo, Senior Research Fellow at International Food Policy Research Institute (IFPRI)
