Photo - Albo
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Albo

AI for a carbon-neutral world

Israel
Market: Farming, Another, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 21.09.2020
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Idea

Albo ‎analyzes satellite imagery using deep learning to map, measure and monitor carbon offset. We help reverse climate change and disrupt the carbon credits market for landowners.

Current Status

We are at the stage of developing our core technology.

We have brought together an exceptional team made of entrepreneurs, scientists and engineers.

We are in a process for 2 paid pilots in USA and Israel.

We are in a process to raise funding.

Market

ClenTaech, sustainability, Impact.

Problem or Opportunity


Climate change is one of the biggest challenges we face.

The carbon credit market allows companies to take responsibility for their emissions and to buy “carbon credits” from green companies, or to fund green projects. This is $240B market with 34% annual growth.

Carbon credits coming from croplands and agriculture are the best tools we have to fight climate change as it is the simplest and cheapest way to remove CO2.

Since the market lacks technology and automation, today it's often more economical to cut down trees than to preserve them.

Albo is making it easy to accurately map and monitor carbon offset.
We make it simple for landowners to start selling certified carbon credits, and for companies to start buying them.

We do so by analyzing satellite radar imagery with proprietary machine learning algorithms.

Our technology lets us instantly map and measure parameters beneath and above the surface and to calculate carbon sequestration.

Solution (product or service)


The process is simple and scalable:

First, we analyze potential areas available for carbon sequestration projects.

Next, we connect companies looking to offset carbon to these projects.

Finally, we offer continuous monitoring and analytics to verify carbon offset in the long run.

Competitors

Blue ocean!

4 companies at the moment: Pachama, Silviaterra, FiniteCarbon, Indigo.

Advantages or differentiators

Technology: Radar
Scalable (H/W free): Satellite only!
Domain: All vegetations
Operating in all weather.
Penetration ability (soil, canopy etc.).

Finance

1st year - $300K
2nd year - $1.3M
3rd year - $11M

Business model

SaaS

$5 per acre yearly ($12.5 per hectare yearly)

The average size of a project is 8000 acre, lasts 20 years and will generate yearly recurring revenue of $40K i.e. a total of $800K

Money will be spent on

60% R&D
35% Biz Dev
5% IP registration

Team or Management

Incubation/Acceleration programs accomplishment

SigmaLabs Tel Aviv 2020
Techstars Tel Aviv 2020

Won the competition and other awards

Featured startup at Techstars & Amazon.

Photos

Photo 1 - AI for a carbon-neutral world

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video