Indian climate and weather intelligence startup mistEO has raised ₹18 crore in a seed funding round led by MGF-Kavachh, a SEBI-registered Category II Alternative Investment Fund. Seafund and other investors also participated in the round, while Key Venture acted as the financial adviser to the transaction.
The funding will help mistEO scale its flagship Climate Decision Intelligence (CDI) platform for banks, insurers, and agri-value chains across India and Asia. The company will also strengthen its forecasting and risk models, expand its team, and build a partnership-led presence across Asian markets.
Turning Weather Data Into Financial Decisions
mistEO combines physics-based numerical weather modelling with AI and machine learning, integrating satellite, radar, IoT, and ground-sensor data. Its platform helps clients understand how weather will affect a specific farm, asset, or loan—and what action they should take.
The startup is building hyperlocal climate risk intelligence for lenders, insurers, and agri-value chains, enabling them to assess, price, and manage weather-related risks at the level of an individual borrower, branch, farm, or insured asset.
Samuel John, Founder and CEO of mistEO, said weather early warning is both a matter of human security and financial viability. He explained that when a warning is linked to a standard operating procedure and insurance that pays out automatically during a weather event, a weather shock becomes a priced and managed risk rather than a loss on a farmer’s or lender’s balance sheet.
“Climate risk is experienced at the level of a farm, a branch, an asset, not a national average. Lenders and insurers need physical-risk data they can price, lend and pay out against, and that is what we deliver for an individual borrower, branch or insured asset,” said John.
Indra: Hyperlocal Forecasting at 3 km Resolution
mistEO’s proprietary weather forecasting model, Indra, currently delivers forecasts at a 3 km spatial resolution across three forecast windows: 0–6 hours, 6–24 hours, and 24–48 hours.
Beyond agriculture and financial services, the company is developing applications for port and maritime operations, solar and wind generation forecasting for grid operators, dynamic weather routing for mobility and logistics fleets, and flood and heavy-rainfall intelligence for disaster response.
Deployed Across India, Australia, and Central Asia
mistEO’s solutions are already in commercial use across multiple geographies. In India, the company works with NABARD and UNDP to deliver pan-India, open-access climate resilience data for agriculture and its sub-sectors through the DiCRA initiative.
In Australia, mistEO’s livestock early warning system alerts cattle farmers to heat-stress conditions up to seven days in advance and protects more than AUD 1 billion worth of livestock assets. In Uzbekistan, the company is deploying a weather parametric insurance stack, where forecast-based triggers enable fast and transparent payouts to livestock and crop farmers.
As an iDEX awardee, mistEO is also building a thunderstorm nowcasting model for the Indian Air Force and working on early warning systems for the Indian Navy and a mobility OEM across India.
Investors Back Sovereign Climate Technology
Raj Sethia, Founder and Managing Partner of MGF Kavachh, said sovereign weather and climate intelligence is critical to India’s food, economic, and strategic security. He said mistEO’s work across the Indian Air Force, Navy, agriculture, energy, and finance demonstrates the kind of Indian sovereign technology needed for a climatically diverse country.
Manoj Kumar Agarwal, Co-Founder and Managing Partner of Seafund, said global climate volatility is becoming a daily operational reality that institutions must price and manage. He added that mistEO’s ability to combine AI and machine learning with complex physical weather models represents the kind of IP-led deep-tech innovation Seafund seeks to back.
A Growing Climate-Tech Opportunity
mistEO was the first recipient of the IN-SPACe seed fund and the India–Singapore Technology Development Fund, backed by the Technology Development Board and Enterprise Singapore, to build physical climate risk models. The company was also named among the top 15 sustainable finance solutions at COP28 in Dubai and is incubated at Social Alpha.
With the new capital, mistEO aims to deepen its forecasting capabilities and expand its climate-risk intelligence platform across India and Asia. As climate volatility increases, the startup is positioning itself at the intersection of weather forecasting, financial risk management, and climate resilience.
