Persefoni, a prominent Climate Management and Accounting Platform (CMAP) provider catering to enterprises and financial institutions, has announced a significant achievement with the completion of a $50 million Series C-1 funding round. This round was spearheaded by TPG Rise, with participation from notable investors such as Clearvision Ventures, ENEOS Innovation Partners, NGP Energy Technology Partners, Prelude Ventures, Parkway Ventures, Rice Investment Group, Bain and Co., EDF, and Alumni Ventures.
This funding surge propels Persefoni’s total investment to over $150 million, reaffirming the company’s commitment to delivering cutting-edge climate software solutions and support to its global clientele.
A key development stemming from this funding is the unveiling of PersefoniGPT, the company’s AI co-pilot product specifically designed for carbon accounting and management. This latest advancement builds upon Persefoni’s dedication to harnessing the power of artificial intelligence to enhance environmental sustainability efforts.
Kentaro Kawamori, CEO and Co-Founder of Persefoni, expressed enthusiasm over the funding, stating that it underscores the company’s strategic vision and capability to bring top-tier climate software solutions to its customers. The infusion of funds will not only support customer support and service but also empower the company to amplify its ongoing AI innovations.
The inception of PersefoniGPT aligns with the company’s commitment to artificial intelligence, which has been evident since its founding in 2020 as “Persefoni AI Inc.” This latest launch further cements Persefoni’s dedication to AI technologies, with a focus on generative AI capabilities that hold the potential for groundbreaking innovations in Climate Tech.
Persefoni’s investments in generative AI extend beyond customer-facing products, with tangible benefits in reducing operational expenses. The company has already integrated various AI capabilities into its core carbon accounting and management platform, contributing to streamlined enterprise data management. These capabilities encompass anomaly detection, natural language data matching, and automated data error resolution.
The forthcoming customer-facing AI products, set to be introduced in Q4 2023, demonstrate Persefoni’s commitment to advancing AI technologies and their positive impact on climate management and accounting.