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Kerala startup mistEO raises Rs 18 crore to expand climate risk intelligence for lenders and insurers

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Kerala startup mistEO raises Rs 18 crore to expand climate risk intelligence for lenders and insurers

Thiruvananthapuram-based climate and weather intelligence startup mistEO has raised Rs 18 crore in a seed round led by MGF-Kavachh, a SEBI-registered Category II Alternative Investment Fund that invests in defence and strategic technology companies.

Bengaluru-based Seafund and other investors also participated. Key Venture was the financial adviser to the transaction.

The startup announced the round on Thursday at Huddle Global 2026, the eighth edition of the startup festival organised by Kerala Startup Mission, which is being held at Kovalam from 12 to 14 November.

mistEO will use the capital to scale its Climate Decision Intelligence (CDI) platform for banks, insurers and agri-value chains in India and Asia, improve its forecasting and risk models, and grow its team. It also plans to build a partnership-led presence across Asia, alongside its existing work in Australia and Central Asia.

CDI combines physics-based numerical weather modelling with AI and machine learning, and fuses satellite, radar, IoT and ground-sensor data. The aim is to show a client how the weather will affect a specific farm, asset or loan, and what action to take.

The forecasts come from mistEO's proprietary model, Indra, which currently delivers forecasts at 3 km spatial resolution across three windows: 0-6 hours, 6-24 hours and 24-48 hours.

The startup is also developing applications for port and maritime operations, solar and wind generation forecasting for grid operators, weather routing for mobility and logistics fleets, and flood and heavy-rainfall intelligence for disaster response.

"A missed forecast can mean a loss of life, a failed crop, a stressed loan or an unplanned claim," said Samuel John, Founder and CEO of mistEO.


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