mistEO Funding: Raises ₹18 Cr in Seed Round Led by MGF-Kavachh
- mistEO raised ₹18 crore in a seed round led by MGF-Kavachh, with Seafund and other investors participating.
- Founded in 2019, the startup develops AI-powered weather and climate intelligence solutions.
- The company works with NABARD and UNDP on the DiCRA initiative and has defence-related projects with the Indian Air Force and Navy.
Climate intelligence startup mistEO has raised ₹18 crore in a seed funding round led by MGF-Kavachh, with participation from Seafund and other investors. The funding was announced at HUDDLE GLOBAL 2026, the eighth edition of the startup event held in Kerala.
Founded in 2019 by Samuel John and Ambarish Narayanan, mistEO develops technology that combines weather modelling, artificial intelligence (AI) and machine learning to convert weather and climate data into actionable insights.
The company will deploy the fresh capital to scale its flagship Climate Decision Intelligence (CDI) platform, strengthen its forecasting and risk models, expand its team and build partnerships across Asian markets.
Its platform integrates satellite, radar, Internet of Things (IoT) and ground-sensor data to help financial institutions and businesses assess how weather events can affect agricultural operations, physical assets and loans.
mistEO’s Climate Intelligence Platform
At the centre of mistEO’s technology stack is Indra, its proprietary weather forecasting model. It provides forecasts at a spatial resolution of 3 km across three time windows: 0–6 hours, 6–24 hours and 24–48 hours.
The company’s solutions are designed for applications across agriculture, insurance, banking, maritime operations, renewable energy forecasting, logistics, mobility and flood monitoring.
In India, mistEO works with NABARD and the United Nations Development Programme (UNDP) on the Data in Climate Resilient Agriculture (DiCRA) initiative, which provides climate-related information to support agricultural resilience.
In Australia, its livestock early warning system helps cattle farmers prepare for heat stress up to seven days in advance. The company is also working with the Indian Air Force on a thunderstorm nowcasting model under the Innovations for Defence Excellence (iDEX) programme and developing early warning systems for the Indian Navy.
The platform’s applications extend beyond conventional weather forecasting. By combining weather information with business and operational data, mistEO aims to help institutions assess climate-related risks before they affect agricultural output, infrastructure, financial exposure or logistics operations.
mistEO’s Space Technology Connection
mistEO was among the 20 Indian space startups whose founders and CEOs interacted with Prime Minister Narendra Modi at Seva Teerth in New Delhi on August 21, 2026.
During the interaction, Modi encouraged space companies to explore applications beyond traditional space activities, particularly in areas such as agriculture, livestock management, dairy and environmental protection. He also called for greater collaboration between space technology companies and organisations working in other sectors.
mistEO’s participation reflects the growing role of satellite-based weather and climate intelligence in applications beyond the space industry. Its platform uses satellite and other observational data to support weather forecasting and decision-making across agriculture, infrastructure and financial services.
The other participating startups included Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix Aerospace, Digantara and SatSure.
Incubated at Social Alpha, mistEO is headquartered in Thiruvananthapuram and also operates an office in Melbourne, Australia. With the new funding, the company plans to strengthen its forecasting capabilities and expand its presence across Asian markets.
