Software provider Microsoft, industrial technology manufacturer Robert Bosch and data software producer Splunk have taken part in a $40m B round for US-based greenhouse gas measurement technology developer Aclima.
Venture capital firm Clearvision Ventures led the round, which was also backed by Gingerbread Capital, KTB Network, ACVC Partners, Womens VC Fund II, Schmidt Family Foundation, Plum Alley, Rethink Impact, Social Capital and Kapor Capital.
Microsoft invested through its Climate Innovation Fund while Robert Bosch took part through corporate venturing unit Robert Bosch Venture Capital (RBVC).
Aclima’s software platform provides high resolution emissions and exposure data to governments, communities and businesses, monitoring and mapping air quality across North America as well as in cities in Europe, Latin America and Asia.
The company plans to deploy the new funding by expanding into new markets and building out its product portfolio. It raised $24m in a mid-2018 series A round featuring Schmidt Family Foundation, Radicle Impact, Emerson Collective, Rethink Impact, Plum Alley, Kapor Capital and First Philippine Holdings.
Davida Herzl, co-founder and CEO of Aclima, said: “The interconnected crises of climate change, public health and environmental justice urgently require lasting solutions.
“Measurement will play a key role in shaping solutions and tracking progress. With this coalition of investors, we are expanding our capacity to support new and existing customers and partners taking bold climate action.”