Blue Sky Analytics, a Gurugram-based geospatial data intelligence startup focused on environmental monitoring & climate risk assessment, announced it has received $360,000 from a couple of philanthropic organisations, according to a VCCircle report.
The company has received much of this capital from the Patrick McGovern Foundation and Schmidt Futures, which are associated with International Data Group founder Patrick J McGovern and former Alphabet Inc. executive chairman Eric Schmidt.
The startup has also received funding from MIT Solve, an impact-focused initiative of the Massachusetts Institute of Technology. This includes a prize for innovations in the artificial intelligence space.
Abhilasha Purwar, CEO at Blue Sky, told VCCircle that the company will use the money to build its products – developed as application programming interfaces (APIs) – and hire talent for its developer and data science teams.
Blue Sky was set up in 2018 by Abhilasha Purwar and Kshitij Purwar. The company says it uses artificial intelligence and machine learning to analyze satellite data and build environmental monitoring products that have a multi-case use purpose.
“Our vision is to build Bloomberg for Environmental indicators to enable informed decisions & actions through fast, accessible, and relevant information and analytics,” according to the company’s LinkedIn page.
Clients of the companies include small and large enterprises in several sectors and municipal bodies, Purwar said.
Currently, the company licenses one API to clients, with two more under various stages of development.
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