Thiruvananthapuram-based climate 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.
Funding was announced at HUDDLE GLOBAL 2026, the eighth edition of the event. The company plans to use the capital to expand its Climate Decision Intelligence (CDI) platform, which is designed for banks, insurance companies and agricultural value chains.
Startup plans to strengthen its operations across India and other Asian markets. It will also invest in improving its forecasting and risk assessment models, expanding its team and building new business partnerships.
Climate Tech Platform
mistEO develops technology that combines weather modelling with artificial intelligence (AI) and machine learning. Its platform uses climate and weather information to help businesses understand how changing weather conditions may affect their operations and financial exposure.
CDI platform brings together information from satellites, weather radar, Internet of Things (IoT) devices and ground-based sensors. It uses these data sources to assess the possible impact of weather events on agricultural land, physical assets and loans.
Platform is aimed at financial institutions and businesses that need weather-related information while making decisions about lending, insurance and operational risks. For example, banks and insurers can use climate data to assess risks linked to farms and other assets exposed to extreme weather.
Forecasting Model Indra
A key part of the platform is mistEO proprietary forecasting model, Indra. The model provides weather forecasts at a spatial resolution of 3 km, covering three time periods: zero to six hours, six to 24 hours and 24 to 48 hours.
Different forecast windows are intended to support decisions that require both immediate weather updates and short-term planning. The company also develops technology for maritime operations, renewable energy forecasting, logistics and mobility, as well as flood and heavy-rainfall monitoring.
mistEO is also working on projects related to agriculture and public-sector requirements. In India, it works with NABARD and the United Nations Development Programme (UNDP) on the DiCRA initiative, which provides climate resilience data for agriculture.
In Australia, the startup has developed a livestock early warning system that helps cattle farmers prepare for heat stress up to seven days in advance. The company also works with the Indian Air Force on a thunderstorm nowcasting model under the Innovations for Defence Excellence (iDEX) programme. It is developing early warning systems for the Indian Navy as well.
What is mistEO
Startup was founded in 2019 by Samuel John and Ambarish Narayanan, mistEO is a climate intelligence startup headquartered in Thiruvananthapuram, Kerala. It also operates an office in Melbourne, Australia.
Company develops technology-based services that convert weather and climate data into information for business and operational decisions. Its business model focuses on providing forecasting and risk intelligence solutions to sectors such as banking, insurance, agriculture, energy, transport and maritime operations.
Expansion Plans
Latest funding is expected to support the next phase of product development and market expansion. mistEO plans to improve its forecasting capabilities and risk models while adding to its workforce.
Company is also looking to build partnerships across Asian markets, where its platform could serve financial institutions, agricultural businesses and other sectors exposed to weather-related risks.
Funding round gives mistEO additional capital to pursue these plans. However, the company has not disclosed the individual investment amounts contributed by MGF-Kavachh, Seafund and the other participating investors.
