Chloris Geospatial Raises $8.5 Million to Revolutionize Forest Carbon Monitoring

Chloris Geospatial, a pioneer in satellite-based monitoring of forest carbon and ecological change, has secured $8.5 million in Series A funding to enhance its product development, expand commercial and technical teams, and bolster partnerships in corporate carbon accounting and the carbon value chain. Led by Future Energy Ventures, the funding will also support the establishment of a new European hub to drive regional expansion and customer engagement. Chloris' innovative technology, developed under the guidance of Co-Founder and Chief Science Officer Dr. Alessandro Baccini, utilizes satellite data, sensor fusion, and machine learning to provide precise vegetation measurements. The firm's mission is to facilitate informed decision-making through transparent, science-based insights, a need underscored by recent environmental challenges such as record-breaking wildfires. Backed by prominent investors like AXA IM Alts, Chloris aims to restore trust and unlock growth in carbon markets through its reliable measurement capabilities, while fostering sustainability practices in corporate supply chains.