The company says that it plans to use the funding to scale its stationary and fleet-based mapping of hyperlocal air pollution and emissions in cities.
"Air pollution presents significant risks to the health of our planet, people, and our economy," says Davida Herzl, founder and CEO of Aclima. "To manage this invisible world around us, we have to measure it. This funding will accelerate Aclima's efforts to both fill a critical gap in air pollution and emissions data, and transform this new class of information into environmental intelligence that drives better decision-making for communities, cities, and the enterprise."
The company's scalable air quality mapping platform combines sensor technology, climate science, enterprise software, and machine learning to generate high-resolution maps of emissions across pollutants — from CO2 and methane to particulate matter. Based on proprietary technology and university patents, the platform, says the company, reduces the cost of traditional measurement methods by a factor of 100 to 1000, and delivers up to 100,000 times greater spatial resolution.
The funding round was led by Social Capital, with additional participation from The Schmidt Family Foundation, Radicle Impact, Rethink Impact, Plum Alley, Kapor Capital, First Philippine Holdings and others. Social Capital will join the board of the company.
Jay Zaveri, Partner at Social Capital adds, "Aclima has an unparalleled technology platform for air quality that addresses public health concerns, industrial safety, and an improved quality of life for urban citizens. We're thrilled to support Davida and partner with the Aclima team to take on air pollution worldwide."