Ambee which is a Bangalore based environmental intelligence startup has now secured the additional amount in an angel funding round from the incubation platform venture Catalysts, according to the report.
In an interaction, Akshay Joshi, the founder, and CEO of Ambee revealed that the firm would use the capital to strengthen its technology, hire data scientists and shore up operations and also to introduce its products across the market platforms.
“The company is also looking to expand its data network and be in a position to spread environment intelligence across the country,” he added.
Raghav Singhania, the Managing Partner at the Venture Catalysts, Amit Agarwal, Rahul Gugaliya the director at the Multi Business Group and Google India Managing Director Rajan Anandan, who all are part of the Venture Catalysts network, had also participated in the round.
The platform uses the proprietary analytics and data to help end users to make the informed decisions or to take the preventive measures in a situation of severe environmental distress.
“Deteriorating conditions of human and planetary health is a cause of concern that has impacted everyone. Ambee will help enterprises, as well as people, take actions that are environmentally responsible. Through their data-driven model, organisations and enterprises will be able to understand their environment better and act in a way that contributes to their productivity as well as the environment’s restoration,” said Apoorv Ranjan Sharma, co-founder, and president of Venture Catalysts.
Mumbai based Venture Catalysts invests around $250000 and $1 Million in the early age startups. It was set up in December 2015 by Anil Jain, Gaurav Jain, Anuj Golecha, and Sharma.
