US-based Clarity AI, a platform that provides social insights to investors and organizations about their investment portfolios, raised USD 50 million on 2nd December.
Investors: The investment round was led by SoftBank Vision Fund 2 and included Fifth Wall ClimateTech Fund and existing investor BlackRock. Several investors including Sir Jonathan Ive, Deutsche Boerse, Kibo Ventures, Mundi Ventures, Seaya Ventures and Founders Fund, participated in the round.
Purpose of funding: The startup will use the funds to advance its technology and expand into new markets. It will also hire strategic professionals in each growth area, including sales, marketing, and partnerships.
About Clarity AI
Founded in 2017 by Rebeca Minguela, Clarity AI is located in New York, US. With Clarity AI, investors and organizations can optimize their investment portfolios using machine learning and extensive data management. Briefly, by leveraging scientific research and the latest technologies, the startup aims to help decision-makers make more socially-efficient capital allocations by providing robust, easy-to-use tools to assess and optimize social and environmental impact. The Clarity AI platform analyzes more than 30,000 companies, 135,000 funds, 198 countries, and 187 local governments and provides data and analytics for investment, corporate research, and reporting.
What the founder has to say
“The social and environmental challenges the world faces and the corresponding economic opportunities unlocked have put impact assessment at the forefront of the minds of investors and organizations. Having the support of such an influential group of backers and partners who share our vision for a more equitable, sustainable world is one more proof point that Clarity AI is on the right side of a real trend that we believe will continue to grow,” said Rebeca Minguela, founder and CEO at Clarity AI.
“Our technology shows our clients how their investments and other organizations are positioned to impact the world. We are a tech-native firm with an innovative platform that can integrate directly into any client’s systems, which we already do for large global platforms, including BlackRock’s Aladdin platform, Allfunds, the largest global fund distribution network, Manaos, the platform at BNP Paribas Securities Services, and Clearstream, which has clients in over 110 countries around the world.”
What the investors have to say
“The sustainable investment market is already more than one third of total global assets and growing rapidly. Empowering investors to make informed decisions about social and environmental impact is a real differentiator, and we are delighted to work with Rebeca and her team to bring this technology to an even larger network of stakeholders,” said Jimi Macdonald, investor at SoftBank Investment Advisers.
“Since announcing our initial investment and partnership earlier this year, BlackRock and Clarity AI have integrated their capabilities natively within the Aladdin platform. We continue to believe in the value of Clarity AI’s data and tools, and the enhanced transparency and flexibility they provide. By embedding Clarity AI within investors’ daily workflows through Aladdin, we’re collectively able to help more investors construct sustainable and outcome-oriented portfolios over time” said Samantha Tortora, Head of Aladdin Sustainability at BlackRock.
“Fifth Wall’s Climate Tech Fund is proud to invest in Clarity AI, fueling its continued growth as it brings societal impact to the real estate industry. At Fifth Wall, we are laser focused on helping the real estate industry assess the impact its assets have on the environment and climate change, and the World. Real estate is responsible for 40% of all CO2 emissions, and we believe Clarity AI is a highly strategic and valuable solution for real estate organizations that want to measure and mitigate their contributions to climate change,” said Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall.
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