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MGF-Kavachh leads Rs 18 Cr seed round in climate startup mistEO

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MGF-Kavachh leads Rs 18 Cr seed round in climate startup mistEO

Thiruvananthapuram-based climate intelligence startup mistEO has raised Rs 18 crore in a seed funding round led by MGF-Kavachh, with participation from Seafund and other investors.

The funding was announced at HUDDLE GLOBAL 2026, the eighth edition of the event.

The startup will use the proceeds to scale its flagship Climate Decision Intelligence (CDI) platform for banks, insurers and agricultural value chains across India and Asia.

Founded in 2019 by Samuel John and Ambarish Narayanan, mistEO combines weather modelling with artificial intelligence (AI) and machine learning to convert weather and climate data into actionable insights.

Its CDI platform integrates satellite, radar, Internet of Things (IoT) and ground-sensor data to help financial institutions and businesses assess the impact of weather events on farms, assets and loans.

The company’s proprietary forecasting model, Indra, provides weather forecasts at a spatial resolution of 3 km across three time windows: 0-6 hours, 6-24 hours and 24-48 hours.

mistEO also develops solutions for maritime operations, renewable energy forecasting, logistics and mobility, and flood and heavy-rainfall monitoring.

In India, the startup works with NABARD and the United Nations Development Programme (UNDP) on the DiCRA initiative, which provides climate resilience data for agriculture. In Australia, its livestock early warning system helps cattle farmers prepare for heat stress up to seven days in advance.

The startup is also working with the Indian Air Force on a thunderstorm nowcasting model under the iDEX programme. It is developing early warning systems for the Indian Navy as well.

Incubated at Social Alpha, mistEO is headquartered in Thiruvananthapuram and also operates an office in Melbourne, Australia.


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