Berlin startup Climatiq, cofounded by Hessam Lavi, Isis T Baulig, and Phillip von Bierberstein, raised $11.6 million in a Series A funding led by Alstin Capital.
Climatiq's AI platform automates the collection of carbon emission data, specifically focusing on scope 3 emissions, which make up around 90% of a company's carbon footprint.
The startup charges clients based on their usage to integrate carbon metrics into companies' emissions reports, serving clients like Celonis and Siemens.
With the funding, Climatiq plans to expand its engineering team and further develop its AI product for automating carbon emission data collection.