ClimateAI focuses on helping businesses adapt to climate change by providing accurate climate forecasts and insights through its ClimateLens platform. This platform combines climate and weather data from various sources to offer actionable information that assists companies in making informed decisions about their operations and supply chains. The technology behind ClimateLens uses patented models and machine learning algorithms to ensure that the forecasts are tailored to specific locations, which improves planning for both immediate and future needs. Unlike many competitors, ClimateAI specifically targets industries like food and agriculture, offering a comprehensive approach to climate resilience that spans from research and development to operational adjustments. The company's goal is to empower businesses to effectively manage climate risks and enhance their operational efficiency.

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Will Kletter is VP operations and strategy at long-range weather forecasting and ag insights platform ClimateAi.The views expressed in this article are the author’s own and do not necessarily represent those of AgFunderNews.Coffee drinkers around the world are facing a bitter reality: the rising cost of their daily cup of caffeine.In December, futures of Arabica coffee — the most popular variety prized for its smoother taste and higher quality — hit their highest level in nearly 50 years. In September, Robusta coffee — the second-most traded variety known for its strong, bitter flavor — reached a record high on the ICE-LIFFE futures exchange and currently trades up 93%on the year.The key drivers are two-fold: the world’s two largest coffee producers, Brazil and Vietnam, experienced drought and heavy rain [respectively] during critical growing and harvest periods; and demand for the drink, particularly in emerging markets such as China and India, continues to grow.But this most recent price increase is not an anomaly. Severe weather conditions have strained supply chains and challenged traditional procurement models over the last decade, ultimately driving up coffee prices.Extreme weather is now the normGlobally, droughts, frosts, and heat waves are becoming recurring threats, disrupting the delicate balance required for coffee cultivation. Brazil, which accounts for roughly 40% of global coffee production, exemplifies the fragility of this balance. The country’s reliance on Arabica beans, which are highly sensitive to climatic changes, only amplifies the risks.In 2015, for example, Brazil’s coffee belt was hit by one of the worst droughts in decades and crop yields dropped significantly. Prices then jumped almost 100% compared to the previous year.In the years since, just the mere perception of risk has been enough to drive volatility.During the 2023-2024 growing season, for instance, Brazil experienced a heat-drought event that had a limited impact on production volumes compared to 2015

Guest Article: How Extreme Weather Is Shaping The Future Of Coffee

There are a lot of ways to describe what’s happening to the Earth’s climate: Global warming. Climate change. Climate crisis. Global weirding. They all try to capture in different ways the phenomena caused by our world’s weather systems gone awry. Yet despite a thesaurus-entry’s worth of options, it’s still a remarkably difficult concept to make relatable.Researchers at MIT might finally have an answer, though

Mit Tool Shows Climate Change Could Cost Texans A Month And A Half Of Outdoor Time By 2080

As rising sea levels present a challenge, scientists have found a way to combat this effect of climate change, which is caused by global warming. This phenomenon, known as global warming, refers to the rising temperature of the planet and is one of the biggest threats today.Long-term shifts in temperatures and weather patterns are a natural occurrence that has been going on for a long time. However, scientists assert that ever since the 1800s, the pace of this change has increased significantly, primarily due to human activities.Global warming occurs when greenhouse gases such as carbon dioxide, nitrous oxide, and methane absorb sunlight and solar radiation. These pollutants then trap the heat, causing temperatures to rise. Scientists attribute this to fueling hotter heat waves, wildfires, more frequent droughts, more damaging hurricanes, heavier rainfall, and intensified weather patterns.Yet another effect of global warming, as previously mentioned, is the rising sea levels caused by the melting of glaciers and Earth’s ice sheets. Predictions state the sea level rise from Greenland alone could reach about 10 cm by 2100

Climate Models Point To Increasing Importance Of Geoengineering In Years To Come

Rebecca Aguiar is an associate and Ana Luiza Soffiatti is an analyst at SP Ventures, an early-stage fund investing in agrifoodtech across Latin America. . The views expressed in this guest commentary are the author’s own and do not necessarily reflect those of AgFunderNews.Throughout human history, our fascination with building machines that can emulate our intelligence has driven remarkable progress. As philosopher Henri Bergson once noted, these machines are not mere mechanical beings; they possess an organic quality, capable of evolving much like living organisms. In the realm of agriculture, this evolution has been particularly transformative. This article embarks on a journey through the agricultural eras of technological development, from the relentless manual labor of yesteryears to the cutting-edge artificial intelligence (AI)-driven practices of today. Join us as we explore how

Ai Harvest: Transforming Agriculture Through Technological Evolution

To keep us all up to speed on the latest people moves in agrifood, AgFunder News (AFN) publishes a monthly column of the industry’s biggest leadership changes. This month, longtime Benson Hill CEO steps down, McCormick promotes an insider to CEO, and Clear Frontier expands its team. Are you in a new role or company? Know someone who has left? Drop me a line to share the details: jennifer@agfunder.com.CEA’s new CFO. Controlled environment agriculture (CEA) company Little Leaf Farms welcomed finance industry veteran Willian Hogan as its new CFO/SVP

July People Moves: Little Leaf Farms’ New Cfo Hire A ‘Significant Milestone,’ Incredo Hires Co-Ceos, Chobani Names New Cmo

SAN FRANCISCO, April 13, 2023 (GLOBE NEWSWIRE) -- ClimateAi, a pioneer in applying powerful machine learning to climate risk forecasting to build end-to-end resilience to climate change, today announced the successful closing of an oversubscribed $22 million Series B funding round. The round was led by Four Rivers Group, with participation from Neotribe's Ignite fund and Yaletown Partners. Existing investors, Radical Ventures, Neotribe Seed Fund, and Academy Investor Network, also participated in the round.This new round follows an oversubscribed Series A round in 2021, which brings ClimateAi's total funding to date to $38 million. Over the last 18 months since the Series A fundraise, ClimateAi has rapidly grown annual recurring revenue by a factor of five, with a four-fold increase in customers — including the likes of Dole, Driscoll's, and Nuveen Natural Capital. The company was also selected as TIME Best Invention of the Year for 2022 in the sustainability category and awarded Agri-Investor's Global Innovation of the Year in 2022.As the global market size for both artificial intelligence and climate solutions expands, ClimateAi's climate resilience platform helps companies and governments minimize near- and long-term climate risk exposure — across operations, sourcing and supply chain, risk management, asset diligence & portfolio management, demand planning, sales and marketing, and sustainability and TCFD reporting.The funds will be used to accelerate expansion into new territories, including India and Japan, as well as low-income countries in the Global South where climate adaptation is of the highest urgency. Additionally, the funding will help expand the team and continue its tradition of artificial intelligence breakthroughs, at a time when such actionable innovations are much-needed.Climate change is quickly accelerating — climate change's impacts, from changing weather patterns to intense heat waves and catastrophic flooding, are decimating food production, destroying infrastructure, snarling supply chains, and claiming lives

Climateai Raises $22 Million In Series B Funding To Advance Global Climate Change Adaptation Efforts

Himanshu Gupta is the co-founder and CEO of ClimateAi, a supply chain resilience company that was recognized in 2022 by TIME Magazine as one of the greatest innovations of the year. He has worked in the climate space for over 15 years, including working with former Vice President Al Gore, as well as serving as the lead modeler for the Emission Pathways project for India. He holds a joint MBA/MS in environment and resources from Stanford.These past two months in California have been the rainiest, snowiest, and generally wettest in recent memory. The picture of a dry, brown Golden State might seem like it could soon disappear, but in reality, this precipitation is a drop in the bucket of California’s years-long drought. In fact, 2022 marks the state’s fourth consecutive year of large-scale dryness and drought; reports show its major reservoirs are still depleted. As water managers and companies plan their operations for the year ahead, we cannot let this recent rainfall lull us into a false sense of complacency around water management and risk our long-term water supply

Dear California: Despite Rains, We’Re Not Out Of A Drought Yet. We Must Act Accordingly

“Resilience” is a word that comes up a lot when we talk about the war in Ukraine, with news outlets around the world zeroing in on the courage of Ukrainians and their willingness to stand together in the face of Russia’s ongoing attacks and the atrocities of war. Apparently less resilient at the moment is our global food system; after getting battered by Covid-19 disruptions, it is now undergoing further shocks from a war that’s putting food supplies at risk for millions

How Can The Global Agrifood System Build Resilience Amid Climate Change? Look To Ukraine

Without a doubt, the biggest challenge the majority of farmers face the world over is the weather. Forever unpredictable, it’s now more erratic than ever as global warming creates more extreme weather events such as severe flooding, drought, storms. And with the World Meteorological Organization predicting a 90% likelihood that a year between 2021 and 2025 will be the hottest on record, it’s only going to get worse.

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