Co-founder and CEO Alastair Bovim described the investment as a testament to the growing commitment to leveraging technology in addressing climate change and promoting innovation in industries such as mining and beyond.

The company’s platform addresses critical climate-related challenges, including geotechnical and environmental risk management and GHG emissions monitoring.

Insight Terra plans to use the new funding to strengthen its commercial and technical teams, enabling it to provide enhanced support for global industries navigating increasing environmental regulations and investor scrutiny.

According to Bovim, the platform’s capabilities will expand to meet the complex monitoring, reporting, and verification needs of various sectors, ensuring safety and compliance with international standards.

Insight Terra’s real-time edge-to-cloud data management system transforms environmental data into actionable insights.

It empowers industries to address pressing questions, such as whether their operations are safe and compliant with international standards.

In regions like South Africa, where climate change heightens the risk of infrastructure failures, real-time monitoring can mitigate environmental and human impacts, exemplified by incidents like the 2019 Brumadinho dam collapse in Brazil.

The funding round was led by E3 Capital, with participation from Fireball Capital, Atlantic Bridge, Globalive, and JLR Star.

E3 Capital’s Andrew Darge highlighted the platform’s potential to manage climate-related risks in Africa’s critical industries, aligning with E3’s mission to invest in low-carbon solutions.

Fireball Capital CEO Paula Mokwena praised Insight Terra’s leadership in driving environmental, social, and governance (ESG) outcomes, while Atlantic Bridge Managing Partner Kevin Dillon acknowledged the company’s impressive progress since its initial Series A round.