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Climate technology startup Mitti Labs has raised USD9.5 million in a Series A funding round led by Aramco Ventures with participation from Lightspeed India, Godrej Industries Group, Cisco Foundation, Francis Family Fund and Volta Circle.
The company said it will use the funding to expand its operations across India and enter the Philippines and Indonesia. The capital will also be used to strengthen its AI-powered platform that helps rice farmers adopt water-efficient farming practices, reduce methane emissions and generate carbon credits.
“Growing more rice with less water is one of the world’s major challenges. Demand for rice continues to grow, but record heat and changing rainfall patterns are threatening water systems and endangering food security. With our technology and scalable operational model, we can transform how rice is grown, lower emissions and cut water consumption while building resilient livelihoods for 150 million smallholder farmers,” said Mitti Labs’ co-founder Xavier Laguarta.
Mitti Labs uses satellite imagery, artificial intelligence and field operations to monitor agricultural practices, verify emissions reductions and support climate-smart rice cultivation. The company works with farmers to reduce water usage while improving crop resilience and enabling access to carbon markets.
The company said the funding will support the expansion of its technology platform and partnerships as demand for sustainable agricultural practices grows across Asia’s rice-producing regions.
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