[Funding alert] London-based Climate Policy Radar Secures $6.8Million in Funding

Wednesday 21, 2024 | By Startup Rise EU

London-based Climate Policy Radar secures $6.8million in funding. The amount is the result of grant funding from foundations and philanthropists, such as Open Society Foundations (OSF), Google.org, and the Environmental Defence Fund (EDF).

London-based Climate Policy Radar secures $6.8million in funding. The amount is the result of grant funding from foundations and philanthropists, such as Open Society Foundations (OSF), Google.org, and the Environmental Defence Fund (EDF).

Read also - Edinburgh-based PhaSER Biomedical Secures $2.3Million in Funding

The current backer Quadrature Climate Foundation (QCF) will continue to support Schmidt Futures, the philanthropic effort created by Eric and Wendy Schmidt, the Patrick J. McGovern Foundation, and Sequoia Climate Foundation.

Dr. Michal Nachmany, the founder of Climate Policy Radar, said the organisation will use the most recent funding round to support ongoing product development, which will involve a prolonged hiring campaign.

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Even though the desire to reduce global carbon emissions and boost climate change resilience is evident in almost everything they come into contact with on a daily basis, such a change takes time and requires collaboration between many groups who should be working towards the same objectives.

Nachmany said, “The average policy document is around 80 pages in length, complex to digest, often presented in any number of formats and languages, some including photos, graphs, etc., the information users are looking for is in there, but it can be quite the challenge to find it in a timely manner, We are working with messy, massive amounts of unstructured textual data.”

In partnership with the LSE's Grantham Research Institute on Climate Change and the Environment, Climate Policy Radar is using data science and artificial intelligence techniques to turn this maze of unstructured text from legal and climate policy documents into organised, well-presented information where needles can be found in a fraction of the time it takes with traditional methods, making analysis simpler.

Read also - Bilbao-based WIVI Vision Secures €4 Million in Funding

About Climate Policy Radar

Climate Policy Radar, In order to facilitate evidence-based decision-making, they are mapping and analysing the global climate policy landscape using data science and machine learning. They operate without profit, with open data and open source.

Read also - Paris-based Planity Secures $50 Million in Series C Round Funding

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