Clearly, a London-based AI-driven climate intelligence platform, announced it has raised $4.3 million in a seed funding round. This investment is set to boost the company’s efforts in enhancing their product offerings and expanding their proprietary AI capabilities. The funding round saw participation from Pace Ventures, Nine Realms, and existing investors including Mobilion, Next Gear, and M1720, alongside angel investors such as Lord Nash and Margaux Primat.
Earlier news regarding Clearly focused on its initial establishment and early-stage funding, primarily highlighting its unique data integration capabilities. Recently, the company has gained significant traction with large enterprises, reflecting an increasing demand for effective solutions in reducing transportation emissions. This recent funding marks a notable milestone compared to the smaller, more exploratory investments Clearly received during its founding years, showcasing its evolution and growing market presence.
Significant shifts have been observed in the sector’s approach to data and emissions management. Initially, Clearly’s technology aimed at basic integration of diverse data sources. However, the platform has evolved to provide real-time actionable insights, differentiating it in an increasingly competitive market. The recent investments underscore the market’s confidence in Clearly’s advanced AI capabilities and their practical applications across various sectors.
Capital Utilisation
The International Energy Agency warns of a projected 60% rise in transportation emissions by 2050, necessitating immediate action to mitigate environmental impacts. Marius Swart, Partner at Pace Ventures, emphasized the importance of data-driven solutions, stating,
“As the transport sector transitions to using greener technologies, we see the need for data-driven procurement and AI-enabled operational decision-making broadening at a fast pace. Clearly is making sustainable transportation more than just a choice for its customers, it’s making it a competitive advantage.”
Christy McCaig, Partner at Nine Realms, reiterated the importance of actionable insights, adding,
“Unlike other tools, Clearly offers actionable insights to help fleet operators achieve their goals in the most commercially viable way. We were impressed with the team and their early traction with enterprise customers, and we’re thrilled to support them in their next stage of growth.”
The funding will allow Clearly to scale its team and meet the increasing global demand for its products.
An AI-Based Climate Intelligence Platform
The transportation sector, responsible for 25% of global emissions, requires significant investments to meet net-zero targets. Clearly addresses this need by integrating diverse data sources, such as GPS and IoT, to provide real-time emission-related insights. This platform aids operators in selecting effective decarbonisation strategies and securing the necessary financing.
Danielle Walsh, founder and CEO of Clearly, pointed out the challenges in accessing comprehensive data due to supply chain complexities. She noted,
“By using our unique approach to collect, normalise and blend supply chain data, we could improve its interoperability and use it to provide actionable insights on transportation emissions down to the level of individual trips and packages.”
Clearly’s hardware-agnostic platform ensures compatibility with any data source, facilitating easier data acquisition.
Clearly’s AI system evaluates various scenarios to find targeted interventions, optimizing vehicle configurations and operational processes. Walsh highlighted the impact of driving behavior on fuel consumption, stating,
“By making actionable insights like these readily available, we’re able to help companies improve the way their businesses operate, highlighting strategic optionality beyond capital-intensive adjustments to vehicle fleet mix, and recommend changes that can be made immediately to improve environmental and financial outcomes.”
Clearly’s latest funding round signifies a positive step toward scaling its innovative solutions in the transportation sector. The company’s approach to integrating diverse data sources to provide actionable insights positions it as a key player in reducing global transportation emissions. Businesses adopting Clearly’s platform can expect to see substantial improvements in both environmental impact and operational efficiency.
