Waterplan, a San Francisco, CA-based climate platform that helps companies measure, respond and report water risk, raised $11M in Series A funding.
The round, which brought the total amount to $18.5M, was led by Base10 Partners with co-founder and Managing Partner Adeyemi Ajao joining the Waterplan board. Previous investors also participated, including Giant Ventures & Transition Global (who co-led the seed round), YCombinator, MCJ Collective, and the Branson Family.
The company intends to use the funds to accelerate investment in research and product development to advance the science in water risk management, innovate on its product platform and improve the customer experience, as well as to expand its presence in the United States, Europe, Latin America, and Asia.
Led by Jose Ignacio Galindo, CEO, Waterplan provides a SaaS platform, powered by artificial intelligence models, that combines satellite imagery, real-time climate change data from public and proprietary sources, along with private company information to enable customers to accurately measure, respond and report on their changing water risk.
Customers include ABInBev, AWS, Danone, Diageo, Kurita, The Nature Conservancy, Sigma and more.