By ET Bureau - December 12, 2022 1 Mins Read
The tracking of scope 3 carbon emissions is a significant barrier for businesses working toward net zero. Scope 3 emissions are those that occur along a supply and value chain, therefore many partners must be taken into account. Avarni says it can reduce the time required for carbon reporting from months to minutes by automating much of the process. The company revealed that it has raised US$3 million for its platform for managing carbon emissions. With returning investors Vulpes Ventures and Common Sense Ventures, deep tech venture firm Main Sequence led the funding.
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Avarni’s platform combines data from the supply chain and spending into single, comprehensive dataset, and it leverages that data along with AI to assist clients in tracking and forecasting their carbon footprint.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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