Unicorn India Ventures led a seed funding round for Aurassure, an IoT-enabled climate tech startup in Bhubaneswar. Funding will be used to improve product capabilities and increase market presence.
Aurassure collects real-time climate data using robust IoT-enabled intelligent systems, enabling precise forecasts and updates on disasters and dynamic weather patterns. This provides governments and citizens to make informed decisions. The company, with a 40% QoQ growth, serves prestigious clients including Tata Realty, L&T Realty, P&G, Honeywell, IIT Bombay, and Google. Aurassure has expanded its operations to key cities like Bhubaneswar, Chennai, Aurangabad, Rajkot, and Delhi.
Aurassure aims to bring people together to fight rising environmental issues such as pollution, global warming, and climate change. “Empowering communities with hyperlocal data to build resilience against climate change is not just a mission; it’s a responsibility we wholeheartedly embrace. Together, we’re not just innovating but driving a positive change for a healthier, more resilient, and more sustainable future, one city at a time. Our vision goes beyond data collection. We aim to be instrumental in policy-level decision-making by providing vital insights to form responsible environmental practices. We also plan to offer robust decision support systems and environmental consultancy services, guiding governments and organizations in making sustainable choices,” says Akanksha Priyadarshini, co-founder and CEO of Aurassure.
Aurassure is dedicated to enhancing urban live ability worldwide by promoting responsible climate actions through AI-driven real-time data. Their sensor-based devices and analytics empower various sectors to make informed environmental decisions.
“Although the global environment monitoring market is valued at over $12 billion, of the 1.4 million devices needed just for air quality monitoring, only 3% are operational, underscoring the urgent need for action and the vast market potential. In our quest for a scalable climate- tech venture, Aurassure stood out. In a world choked by data silos and the escalating threat of climate change and air pollution, the Aurassure platform leverages AI, machine learning, and data points from multiple devices to generate accurate insights and actionable intel. Driven by a powerhouse team, Aurassure resonated with our ethos of championing disruptors, and we’re thrilled to partner with them as they redefine environmental monitoring to pave the way for a cleaner future,” says, Bikram Mahajan, Partner, Unicorn India Ventures, while commenting on the investment.
Aurassure’s remarkable revenue growth over the last year reflects the increasing demand for smart environmental tech solutions. The company anticipates a 6x earnings increase in 2024, fueled by expanding sensor deployment across multiple cities and global market expansions.