The funds will primarily be utilised to enhance Resilience AI’s applications in areas including supply chain resilience, environmental, social and governance (ESG) compliance, and physical risk baselines for the banking and financial services sectors.
The Bengaluru-based startup also aims to co-develop solutions with customers, expand market access, and drive research-led innovation.
Founded in November 2023 by Samhita R and Anshu Sharma, Resilience AI provides organisations with solutions to manage and adapt to various climate challenges. Its flagship product, Resilience360, is a climate enterprise software offering end-to-end climate risk management.
By integrating advanced machine learning (ML), hyperlocal climate diagnostics, institutionalised climate reporting, and digitalised climate action plans, Resilience AI helps companies and governments prepare for and mitigate extreme climate events such as heatwaves, floods, cyclones, and earthquakes.
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“The frequency and magnitude of extreme climate events have quadrupled over the past four decades, and conventional disaster response mechanisms are no longer sufficient,” said Samhita R. “Our vision is resilience at every step, and today we have started with climate risks and will be expanding to health resilience.”The company currently has two paying customers and multiple pilot-stage projects. Resilience AI claims to have mapped around 450,000 buildings in India, she added.
The CXXO initiative by Kalaari Capital, launched in 2021, focuses on investing in startups where women founders are key decision-makers. It also provides mentorship and community support to these entrepreneurs.
On May 16, ET reported that funding for women-led startups declined to 9.3% in 2023 from 14.7% in 2021. Female founders in India received less than 10% of the total funding in 2023, trailing Europe and the US, further widening the gender disparity gap, according to the 2023 annual report of WinPe, a not-for-profit organisation promoting gender diversity in private equity.
“With $118 billion in uninsured losses in 2023 alone, bridging the climate protection gap and forecasting climate patterns are critical to building resilience in our built environment,” said Vani Kola, managing director at Kalaari Capital.
