Muir AI – an early-stage startup building a talented team passionate about solving climate change – recently announced that it raised $3.25 million in a seed funding round led by venture capital firm Base10 Partners. Other participants in the seed round included existing investors Madrona Venture Labs and Soma Capital. The funding will accelerate Muir’s development of AI technology to reduce emissions within corporations’ supply chain.
Muir’s utilizes its proprietary databases and AI technology to generate actionable sustainability insights for companies. And Carbon Origin, Muir’s initial service, provides comprehensive supply chain emission estimates for a company based on simple procurement data.
The novel technology breaks down each of the goods to its material makeup, maps the flow of materials across likely sourcing countries, and estimates the emissions. And Carbon Origin’s granular insights provide customers the ability to identify cost-effective emissions reduction opportunities overlooked by other industry solutions. Muir is servicing companies with complex and high emitting supply chains across the industrial, apparel, retail and consumer goods industries.
Muir’s Carbon Origin service calculates detailed and granular product emissions.
The new investment will be used for advancing Muir’s core capabilities of modeling global supply chain emissions and generating reduction recommendations.
KEY QUOTES:
“An overwhelming majority of a corporation’s emissions footprint resides in its supply chain. Despite this, there is no good solution for companies to identify and implement actions to reduce these emissions. Companies are left to use low quality estimates or resource intensive supplier reporting campaigns, which fail to provide insights beyond direct suppliers. At Muir, we are building novel technology to address the largest and most challenging gap in corporate sustainability management. ”
- Muir co-founder and CEO Harris Chalat
“Base10 is excited to support Muir in helping businesses to better understand, account for, and reduce their supply chain’s emissions. Through our research within our portfolio and beyond, we believe this is a priority for many scaling corporations, and Muir’s technology fills the gap of existing available solutions. We are thrilled to partner with Peter and Harris to help bring this solution to market.”
- Rexhi Dollaku, General Partner at Base10 Partners
“We are moving corporations from reporting their carbon footprint to reducing their emissions, this is critical to our success as a company and our collective fight with climate change.”
- Peter Williams, Muir co-founder and CTO
