Sylvera raises $60 million in Series B funding to track carbon emissions

Sylvera's technology mainly focuses on monitoring the carbon emissions of various industries.

Sylvera, a UK-based start-up focused on using satellite imaging and AI to track carbon emissions and deforestation, has raised $60 million in a Series B funding round. The funding was led by BOND, a London-based venture capital firm, with participation from Amazon's Climate Pledge Fund, Microsoft's M12 Ventures, and Breakthrough Energy Ventures, among others. The company, founded in 2018, aims to track emissions from every forest on the planet, using satellite data and machine learning to provide up-to-date, accurate insights into how much carbon is being absorbed or emitted.

 The company claims that its platform can deliver granular, near-real-time reporting on carbon dioxide emissions, which are produced primarily by burning fossil fuels in industries such as transport, power generation, and agriculture. Sylvera's technology mainly focuses on monitoring the carbon emissions of various industries. It aims to utilize the funding to expand its client base, resources, and talent. The startup aims to provide transparency in the global carbon market by creating an accessible and transparent data platform. Sylvera's ultimate goal is to support the world's transition to a low-carbon economy by providing reliable data for governments, financial institutions, and companies to make informed decisions about carbon offsetting and conservation efforts. The new investment brings the company's total funding to $78 million.