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EcoRatings Secures USD 1 Million Pre-Seed Funding To Propel Gen AI Led Sustainability Solutions

By TheCSRUniverse Team Published 30 May 2024

New Delhi, May 30, 2024: Sustainability AI company EcoRatings has successfully secured USD 1 million in pre-seed funding from a consortium of investors, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation and Google in a mix of equity and grant.

The platform enables organizations to meet sector-focused goals in an evolving ESG environment. It analyzes vast datasets for precise answers by processing only contextually relevant data from internal and external sources, turning insights into concise, real-time chat replies. The platform also empowers companies to achieve complex goals like net-zero, decarbonization strategies, mapping scope 3 emissions, sustainability reporting and compliance across frameworks and geographies.

Speaking on this, Aditi Balbir, Co-Founder, EcoRatings, said, "Our Gen AI platform is the first-of-its-kind solution for organizations striving to meet their sustainability goals. With the new investment, we look forward to further work on our large language model specific to the sustainability domain.”

The Unified Knowledge Platform by EcoRatings which consists of a LLM with a RAG architecture in an enterprise environment, is a one-stop shop for achieving sustainability targets. It is designed to cater to a diverse range of organizations, spanning from consultants and investment banks to large corporations and aggregators to bring transparency, ease and affordability to sustainable decision-making.

EcoRatings is the world’s pioneering Gen AI-powered platform dedicated to building a Unified Knowledge Platform for ESG (Environmental, Social, and Governance) requirements. The company was founded in 2023 by a trio of three visionary three founders - Aditi Balbir, Aqeel Ahmed and Shruti Anand. The company made its grand global debut at COP28 in Dubai last year.