Hi, climate leaders 👋 

Welcome to another issue of The Climate Scout! It’s NYC Climate Week 🎉 Here are a couple events in NYC you don’t want to miss from some of our friends 👇

Today at a glance:

• Introducing Ceco AI

• Detailing their business model, tech, traction and team

• Why do we need this now?

• What is the climate impact?

• How you can help them!

-  Angelica 💜

Featured Startup: Ceco AI

Today’s climate startup feature is Ceco AI. Ceco AI creates climate-resilient operations by providing sustainable resource management solutions for resource-intensive industries, powered by GIS, IoT, and machine learning. They are on a mission to accelerate industrial transformation and create net-positive impact.

Ceco AI Fast Facts

How was Ceco AI Born?

Ceco AI was created by Kiran and Vincent, who met while studying at Sauder and bonded over their love for sustainability. Kiran is passionate about social impact, especially when it comes to indigenous relations. She was working at Unity Technologies when she realized the positive impact technology could have. Vincent shared her frustration with the lack of progress towards climate goals and wanted to make a difference. With the help of advisors, they decided to make Ceco a reality.

Headquarters

Vancouver, BC, Canada

Technology

Ceco AI uses spatial data monitoring, machine learning, remote sensing, and geographic information systems to develop innovative solutions for resource-intensive industries. They collect data from IoT sensors and satellites and provide meaningful insights through a map-based dashboard. Their goal is to create a comprehensive ESGi reporting framework for accurate performance reporting and risk analysis.

Business Model

Ceco AI is currently pre-revenue, with revenue generation anticipated for December 2023/January 2024.

• They offer an enterprise level solutions therefore, the pricing can vary based on the customer's needs

• They offer a SaaS model to customers that only require one aspect of the software or

• They offer a custom license/white label model for customers that require a more comprehensive solution

Traction

• Started working with a gold mining company

• Working on setting up paid pilot pipelines with economic development initiatives in Timmins, Texas, Wyoming, and Minnesota

• Discussing potential partnerships with Deloitte and SNC Lavalin to enhance their consulting services

• Receiving interest from US senators and TATA Group in India

• Built partnerships with Microsoft, Foresight Canada, and Patch

• Currently working on partnerships with Esri and Planet

• Completed Foresight Canada’s accelerator, carbonNEXT, and Launch & Deliver programs

• Currently in e@UBC’s incubator & League of Innovators Labs

• At Collision Conference, they generated approximately $3M in qualified investor interest

Founders

Kiran Dhatt: Co-founder & CEO

• Sustainability and social impact enthusiast

• Background in science and business strategy

• Passionate about using emerging technologies to enact change

• Currently pursuing a MSc in Biomimicry

Vincent Kenn: Co-founder & CPO

• A brilliant product leader and creative mind

• Background in entrepreneurship and marketing

• Strongly believes in the power of digital transformation and people

Why Now?

Industries like mining and forestry are not on track to reach net-zero emissions by 2050. This is because they lack important data, technology, and efficiency, and face challenges in reporting. Climate change is a big risk to these industries, and investors are pulling out, making it harder for them to transform. Traditional management methods are too slow and not suited for today's complex and volatile world. We need to find solutions quickly, but it's not easy. Instead of giving up on these industries, Ceco AI is working to help them change. Mines are more open to change now because they see the risk of climate change. We can't transition to clean energy without mining and minerals. We want to speed up the transformation to a sustainable future. Ceco AI uses data from companies, satellites, and sensors to make recommendations aligned with global climate goals. We are developing a strategy that follows sustainability standards and helps mines have a positive impact. We use new technologies to automate compliance, forecast risks, and provide real-time reports. This helps businesses make important decisions faster.

Climate Impact

Ceco AI has software that helps industries like mining, forestry, and agriculture reduce their negative impact on the climate. Their main focus is on managing water sustainably by using it efficiently and finding ways to reuse it. They also alert site managers about any water quality problems. In the future, they plan to help these industries reduce their carbon emissions. They have partnered with Patch.io to offset any emissions that cannot be reduced.

Support Ceco AI

• Advisors - Ceco AI is open to connecting with anyone interested in advising

• Investors - Ceco AI is actively raising their Pre Seed round

Cool Tools

• #OpenDoorClimate - Find climate professionals that are willing to chat

• Net Zero Insights - Market Intelligence on Climate Tech Startups

• Moonarch - Meet investors for your startup for free

• Remote Climate Jobs - Get remote jobs specific to your expertise delivered to your inbox every Wednesday

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