A spearheading cleantech startup, EcoRatings has effectively raised $1 million – Rs. 8.3 crore in a pre-seed Funding round.

The significant investment comes from a different group of financial backers, including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation and Google, consolidating both grants and equity.

Established in 2023 by Balbir, Aqeel Ahmed, and Shruti Anand, EcoRatings use Artificial intelligence/Machine Learning and Big data advanced technologies to evaluate the ecological effect of products, services and administrations.

The startup's approach is established in the United Nations’ 17 Practical Improvement sustainable development goals and ESG standards, lining up with the developing buyer interest for transparency in item supportability.

EcoRatings’ foundation processes broad datasets to convey exact, real-time insights by decoding logically important information from both internal and outside sources.

Their unified information Stage, which includes a huge language model with a RAG – Retrieval augmented generation engineering, is custom fitted to assist companies with accomplishing their supportability targets. The inventive platform serves various clients, including specialists, investment banks, enormous partnerships, and aggregators, working with reasonable & independent decision making.

Aditi Balbir, Co-Founder and CEO of EcoRatings shares the firm’s plans to elevate new funding by stating, “The funding will be used to acquire paid data sources, increase the number of tokens and introduce multi-modal capabilities.”

Further Balbir underscored the exceptional abilities of the company’s platform, “Our Gen AI platform is a solution for organizations striving to meet their sustainability goals. With the new investment, we look forward to further work on our large language model specific to the sustainability domain”.