Amini is an early-stage firm that has secured $2 million in pre-seed funding in an oversubscribed round that was headed by Pale Blue Dot, a leading European Climate Tech fund.
Amini’s primary focus is on filling the environmental data gap that exists in Africa through the use of artificial intelligence and satellite technologies.
Other investors include Superorganism, RaliCap, W3i, and Emurgo Kepple Ventures, as well as a network of angel investors hailing from the global technological community.
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According to the data
Although it contains 65% of the world’s uncultivated fertile land and 30% of the world’s mineral resources, Africa only accounts for 3% of the global GDP.
This is despite the fact that Africa is home to both of these resources. One of the reasons for this difference is that there is a lack of reliable and trustworthy data, which has held back the development of Africa for decades by hindering business choices and the allocation of capital, as well as making it impossible to quantify the impact of climate change. This disparity is one of the reasons why there is a lack of reliable and trustworthy data.
Within the first six months of the company’s operation, a powerful data aggregation and analytics platform was established by the business. This platform is capable of gathering, integrating, and processing satellite data, meteorological data, and other forms of data down to a square meter.
About the platform used by Amini
The platform gives users access to vital environmental data analytics, such as those pertaining to drought, flooding, and the health of soil and crops. These data may be analysed to make agricultural output predictions in a matter of seconds for millions of smallholder farmers across the region. Additionally, they can be used to measure the impact of natural disasters across the region.
Amini was conceived as a solution to the lack of available data in Africa, as well as to improve climate resilience, facilitate investment in capital, and quicken the pace of economic growth potential in the region.
Why is this so important?
Although the company initially concentrated on the insurance sector, they are currently undergoing rapid expansion into supply chain monitoring, particularly at the “last mile,” which refers to the beginning phases of the global supply chain.
This development is essential for multinational corporations that are interested in obtaining accurate measurements of their carbon footprint and the capacity to report on how their operations affect the environment.
The impending implementation of global legislation, such as the SEC Climate Disclosure Standards and the European Green Deal bring this requirement into further focus.
Companies that import commodities such as coffee, cocoa, lumber, and palm oil are required by these requirements to have a full understanding of their supply chain and the influence it has on deforestation and degradation, down to the minute details at the last mile.
About the Cast and Crew
The group maintains an impressive track record of utilising deep technologies to address challenges that are unique to Africa, exhibiting a one-of-a-kind blend of talent and knowledge in the process.
Amini was established by Kate Kallot, who is also the company’s Chief Executive Officer. During her career, she has held executive positions at illustrious technology organizations such as Intel, Arm, and NVIDIA, where she was responsible for driving worldwide innovation in artificial intelligence and machine learning.
Kallot has been a driving force behind several efforts that attempt to leverage artificial intelligence and social impact for the benefit of the African continent. One such initiative is the United AI Alliance, which seeks to bridge the gap in artificial intelligence compute capabilities and boost data capabilities in emerging markets.