Climate risk and sustainability technology firm Resilience raised $1 million in seed funding led by AI of the CXXO initiative, which invests in ventures led by women entrepreneurs with the participation of Java Capital.
The AI company will use the new capital to develop its flagship product Resilience360, which provides end-to-end climate risk management solutions for private and public enterprises.
“The frequency and magnitude of extreme climate events have quadrupled over the past four decades, and traditional disaster response mechanisms are no longer sufficient. Resilience AI was born out of the need for accurate, proactive, and actionable climate risk management tools that empower organizations to take timely action. The cost of inaction is preparedness.” The cost is much greater,” said Samhita R, founder of Resilience AI.
Resilience AI will use the funding to strengthen its technology portfolio, focusing on its integration in critical areas such as supply chain resilience, ESG compliance, and physical risk fundamentals by banking and financial services.
Furthermore, the company intends to jointly develop solutions with customers, expand its market reach, and drive research-based innovation.
Founded by Samhita R, Sandeep Reddy Mallu, and Anshu Sharma, the climate risk and sustainability tech startup provides proactive solutions for firms to manage and adapt to climate challenges.
“Resilience AI is pioneering a new era in climate mitigation and adaptation, giving organizations the tools to navigate the complexities of climate change. With $118B in uninsured losses in 2023 alone, bridging the climate protection gap and predicting climate patterns is critical to building resilience into our built environment,” said Vani Kola, Managing Director of Kalari Capital.
Resilience360 provides solutions with proactive strategies for climate adaptation, helping businesses prepare for severe weather events. Using machine learning and deep climate analytics, the platform provides hyperlocal risk maps, automated climate risk diagnostics, and standardized climate action plans aligned with sustainability and climate risk standards.
The platform enables hyperlocal climate diagnostics, institutional climate reporting, and digitized climate action plans to help companies and governments prepare for and mitigate extreme climate events such as heat waves, floods, cyclones, and earthquakes.
“We are excited to support resilience AI as it addresses one of the most important challenges facing cities and businesses today – climate resilience. By combining hyperlocal data with AI, they empower organizations to proactively plan for and mitigate climate risks. Industry’s With a founding team of veterans, we believe Resilience AI is poised to make a significant impact in the climate resilience space,” said Bhargavi V, Founding Partner, Java Capital.