Aurassure Raises INR 25 Cr Pre-Series A

Climate tech startup Aurassure raised INR 25 crore in a pre-Series A round. The funding was co-led by Rainmatter and Unicorn India Ventures. Maithan Alloys Limited also participated.

Funding details: INR 25 crore - (Unspecified)

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Aurassure raised INR 25 crore in a pre-Series A round. That is around USD 3 million.

The round was co-led by Rainmatter, the investment arm of Zerodha, and Unicorn India Ventures. Maithan Alloys Limited joined as well.

The money will go toward international expansion.It will also fund product development and scaling of hardware manufacturing.

The company plans to target markets in Latin America, South Asia, and Africa.These are regions with high climate risks and limited reliable data.Aurassure already has a subsidiary in Brazil.

It has rolled out deployments in more than 100 cities there.Pilot projects are underway in Bangladesh.In India, the startup operates in 200 cities with over 2,000 sensors.

Revenues have grown 150 percent year-on-year since its last round in 2023.

The startup aims to reach 1,000 cities over the next three years.It will expand its sensor network and add more enterprise clients.

Aurassure is a climate intelligence platform. It provides real-time hyperlocal environmental risk data. The platform uses street-level sensors, satellite inputs, and AI models to track air quality, heat stress, rainfall, flooding, and wind patterns. It serves enterprises and public-sector users.

Source:- Entrackr.