AI Startup mistEO raises Rs 18 crore to expand climate forecasting technology

Climate intelligence startup mistEO has raised Rs 18 crore in a seed funding round led by MGF-Kavachh, with participation from Seafund and other investors. The company plans to use the capital to expand its artificial intelligence-powered weather forecasting and climate risk assessment capabilities.

The funding was announced at HUDDLE GLOBAL 2026, the eighth edition of the startup event held in Kerala. The investment will support the development of mistEO's Climate Decision Intelligence (CDI) platform, strengthen its forecasting models and expand its operations across Asian markets.

Founded in 2019 by Samuel John and Ambarish Narayanan, mistEO develops AI and machine learning-based solutions that convert weather and climate data into information for businesses and financial institutions.

The company's platform combines satellite observations, radar information, Internet of Things (IoT) devices and ground-based sensors to assess weather-related risks affecting agriculture, infrastructure, financial assets and business operations.

At the centre of its technology is Indra, a proprietary weather forecasting model that provides predictions at a spatial resolution of three kilometres. The model operates across three forecasting windows, covering zero to six hours, six to 24 hours and 24 to 48 hours.

According to the company, its technology supports applications across agriculture, insurance, banking, maritime operations, renewable energy, logistics and flood monitoring.

In India, mistEO works with the National Bank for Agriculture and Rural Development (NABARD) and the United Nations Development Programme (UNDP) on the Data in Climate Resilient Agriculture (DiCRA) initiative.

The programme uses climate-related information to support agricultural planning and resilience, particularly in areas exposed to changing weather conditions.

The startup has also developed applications for international markets. In Australia, its livestock early warning system helps cattle farmers prepare for potential heat stress up to seven days in advance.

Within India's defence sector, mistEO is working with the Indian Air Force on a thunderstorm nowcasting model under the Innovations for Defence Excellence (iDEX) programme. It is also developing early warning systems for the Indian Navy.

The company was among 20 Indian space startups whose founders and chief executives interacted with Prime Minister Narendra Modi in New Delhi in August 2026.

During the interaction, discussions focused on expanding space technology applications into agriculture, livestock management and environmental protection.

Incubated at Social Alpha, mistEO is headquartered in Thiruvananthapuram and maintains an office in Melbourne, Australia.

The latest funding will also support team expansion and new partnerships as the company develops its forecasting capabilities and climate intelligence services.

The investment marks another funding development in India's AI and climate technology sector, where startups are developing data-driven tools for weather forecasting, operational planning and climate risk assessment.