Venture Catalysts, an integrated incubator, has announced the investment of an undisclosed amount in Ambee, a start-up focused on developing environmental intelligence to facilitate healthier decision making for people and enterprises. This one-of-its-kind platform uses proprietary data and analytics to help their clients arrive at informed decisions, mostly in cases of severe environmental distress.
Angel investors from the Venture Catalysts platform to have participated in this investment in Ambee include Raghav Singhania, Amit Agarwal, Rahul Gugaliya & Mr. Rajan Anandan, MD, Google India.
Industries have been confronted with environmental issues of increasing criticality. The recent incidents in Tuticorin in Tamil Nadu with the Sterilite Copper Smelter unit is a case in point. The residents of the town claim their health has been seriously affected.
Incidentally. it is one such occurrence that paved the way for the founding of Ambee. One Madhusudhan Anand lost his son to a disease no one could properly diagnose but attributed to industrial pollution. He then decided to set up this company along with 2 others and the key objective is to collect environmental data and then put them through appropriate data analytics to come out with the right model for both the industry to follow and those fearing they could be affected.
The promoters have created the technological framework that can help them with the solving of complex environmental problems. The idea is to warn the industries and the public of the risk they could be getting into much before disaster strikes. With their knowledge and experience, they may be able to make it simpler for their clients to understand the technology involved as well.
Ambee says it will invest whatever amount they have raised in this round of funding towards improving their technological capabilities and to broaden their product offerings.