Cervest is a technology company.
Cervest has raised $27.0M across 2 funding rounds.
Cervest has raised $27.0M in total across 2 funding rounds.
Cervest has raised $27.0M in total across 2 funding rounds.
Cervest's investors include Astanor Ventures, Draper Associates, Future Positive Capital, Molten Ventures, NFX, Outrun Ventures, Passion Capital, Point Judith Capital, Errol Damelin, Paul Forster.
Cervest is a technology company building an open-access, AI-powered Climate Intelligence platform to help organizations manage and adapt to climate risks at the asset level.[1][3][4] Its flagship product, EarthScan, provides on-demand, science-based analysis of climate hazards like flooding, droughts, wildfires, heat stress, and extreme temperatures across millions of global assets, multiple time horizons, and scenarios, enabling enterprises, governments, and growers to baseline, monitor, forecast risks, de-risk decisions, meet disclosure needs, and enhance resilience.[1][2][3][4] Cervest serves businesses, governments, and other stakeholders facing climate volatility, solving the problem of uninformed climate decisions that threaten physical assets and resources—projected to cost trillions—by democratizing transparent, standardized climate data through its Certified B Corporation model.[1][3][4] The company has shown strong growth, including tripling its remote-first team size and securing funding rounds like €24.6 million in 2021 to launch its platform.[5][6]
Cervest was founded by Iggy Bassi, a serial entrepreneur with experience in emerged and emerging markets, driven by a passion for innovations tackling global challenges like sustainability and resource security.[1] Bassi, who serves as Founder and CEO, launched the company to address gaps in climate risk quantification and platforms, motivated by the need for accessible tools amid accelerating climate volatility.[1] Early traction came from partnerships with large integrated companies, validating its quantification engine that delivers physical risk metrics with financial implications at the asset level.[1] Pivotal moments include seed funding of €4.3 million in 2019 and a €24.6 million raise in 2021 to deploy its AI-powered platform, establishing Cervest as a leader in Earth Science AI.[6]
Cervest rides the climate tech wave, leveraging AI to transform climate risk from an abstract threat into quantifiable business risk amid accelerating volatility impacting assets like power plants, factories, transport, and forests.[1][4][6] Its timing aligns with rising demands for climate disclosures, resilience, and decarbonization, fueled by market forces like trillion-dollar projected losses and regulatory pressures, positioning it to power adaptive decisions at scale.[1][4] By pioneering open climate intelligence, Cervest influences the ecosystem through data democratization, chain reactions of intelligent choices, and collaborations across industries, helping businesses, governments, and growers build resilience while advancing the shift to a climate-intelligent world.[1][3][4]
Cervest is poised to expand its Climate Intelligence Network™, scaling EarthScan's adoption as AI-driven climate tools become essential for risk management and sustainability goals.[1][3] Trends like intensified climate events, AI advancements in earth sciences, and mandatory disclosures will propel growth, potentially deepening sector-specific integrations and global partnerships.[1][2][6] Its influence may evolve by setting standards for open climate data, amplifying impact through network effects and further funding. This positions Cervest as a key player in adapting to climate risk at the asset level, fulfilling its vision of protecting critical assets including the planet.[3][4]
Cervest has raised $27.0M across 2 funding rounds. Most recently, it raised $23.0M Series A in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $23.0M Series A | Astanor Ventures, Draper Associates, Future Positive Capital, Molten Ventures, NFX, Outrun Ventures, Passion Capital, Point Judith Capital, Errol Damelin, Paul Forster | |
| Jul 1, 2019 | $4.0M Seed | Astanor Ventures, Draper Associates, Future Positive Capital, Point Judith Capital |