mistEO raises seed funding led by MGF-Kavachh

Climate and weather intelligence startup mistEO has raised Rs 18 crore in a seed funding round led by MGF-Kavachh

Seafund and other investors also participated in the round, a company statement said.

The company will deploy the fresh capital to expand its Climate Decision Intelligence (CDI) platform across India and Asia, strengthen its weather forecasting and risk assessment models, and expand its team. It also plans to build partnerships across Asian markets while continuing its existing operations in Australia and Central Asia.

Founded in 2019 by Samuel John and Ambarish Narayanan, Thiruvananthapuram-based mistEO develops AI-powered climate and weather intelligence solutions for sectors such as agriculture, energy, defence, finance and insurance. Its Climate Decision Intelligence platform combines weather modelling, AI and data from satellites, radar and IoT sensors to deliver hyperlocal forecasts and assess weather-related risks.

Commenting on the development, Samuel John, founder and CEO of mistEO, said that climate risk needs to be assessed at the level of individual farms, branches and assets rather than through national averages. He added that the company's platform helps lenders and insurers use physical climate risk data to make lending, insurance and risk management decisions.

Raj Sethia, founder and managing partner at MGF-Kavachh, said that sovereign weather and climate intelligence is important for India's food, economic and strategic security. He noted that mistEO's technology goes beyond forecasting by providing hyperlocal insights and actionable recommendations.

Manoj Kumar Agarwal, co-founder and managing partner at Seafund, said that the company combines AI and machine learning with physical weather models to address climate-related challenges. He added that its technology could help insurers and lenders assess weather risks more accurately and improve access to affordable coverage for farmers.

The company has also received support from the IN-SPACe seed fund and the India-Singapore Technology Development Fund, backed by the Technology Development Board and Enterprise Singapore.

The funding comes amid growing interest in climate technology and AI-led solutions addressing weather-related risks. Companies developing predictive intelligence and risk assessment platforms are gaining relevance across agriculture, insurance, financial services and energy as businesses look to manage the operational and financial impact of climate change.

A report by Ostara Research found that Indian climate-tech companies raised $791 million across 74 equity funding rounds between January and May 2026. However, the funding was heavily concentrated, with just five late-stage deals accounting for 71% of the total amount raised.