UAE – Mubasher: Zeroe, an AI-enabled enterprise software as a service (SaaS) platform in the UAE, has raised $2.20 million in a seed funding round, according to a press release.
Led by Indonesian investor Owen Rahadiyan, the new capital will boost the carbon management platform’s next phase of growth.
This investment also aligns with the company’s objectives to facilitate decarbonization and the transition to net zero.
The SaaS platform enables companies to measure emissions and report on decarbonization performance to a wide variety of stakeholders.
It provides enterprises with the tools and insights required to not only understand and reduce their carbon footprint but also to adhere to sustainable finance frameworks.
Farouk Jivani, Founder and CEO of Zeroe, underlined: "The urgency to act on climate change has never been greater, and it will exponentially increase in the coming years.”
“This investment is a testament to our commitment to driving tangible change. We are here to accelerate the enterprise decarbonization journey and unlock climate finance to fund the transition,” Jivani added.
Zeroe seeks to decarbonize enterprises by offering an AI-powered carbon management platform that supports organisations on the journey to net zero.
In this regard, it empowers organisations to make data-driven decisions, achieve their sustainability goals, and create long-term shareholder value.
