Accacia, a decarbonization platform with a focus on the real estate and infrastructure sectors, which is based in Singapore has raised 6.5 million in pre-series A funding.
Illuminate Financial led the round. Along with the ongoing backing of original backers Accel and B Capital, AC Ventures also took part in this round. The company plans to increase operations and development activities with the help of the money.
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Accacia, an AI-enabled SAAS platform, was founded in 2022 by Annu Talreja and her co-founders Piyush Chitkara and Jagmohan Garg. It offers real estate developers, asset managers, and financial institutions the critical measurements and choices they need to decarbonize their portfolios.
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The AI-powered recommendation engine makes recommendations for decarbonization solutions at the asset and portfolio levels, while customers are able to analyze and benchmark the transitional risks.
Commenting on the news, Annu Talreja, said “This funding comes at a crucial juncture as the Securities & Exchange Commission and Singapore Exchange have announced regulations on carbon emissions’ reporting, underscoring the urgent need for comprehensive and real-time climate risk data. We have already deployed our solution to over 25m sqft of real estate and are poised to leverage this opportunity and scale globally.”
About Accacia
Accacia is an AI-powered platform designed to assist infrastructure and real estate enterprises (including governments, operators, developers, asset managers, banks, and financial institutions) in achieving net-zero energy.
