Aramco Ventures, the venture capital arm of Saudi Aramco, has led a $9.5 million funding round for Mitti Labs, a climate tech startup focused on water-efficient farming practices. This investment marks a significant milestone for the company, which aims to expand its operations across India and into the Philippines and Indonesia. The funding will also support Mitti Labs‘ mission to generate carbon credits through the verification of emission reductions from its innovative farming practices. Mitti Labs, co-founded in 2023 by Devdut Dalal and Xavier Laguarta Soler, utilizes satellite imagery and AI to create digital twins of individual rice plots. (Read more…)
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