{"id":86948,"date":"2024-09-25T00:00:00","date_gmt":"2024-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/"},"modified":"2024-09-25T00:00:00","modified_gmt":"2024-09-25T00:00:00","slug":"uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/","title":{"rendered":"UAE climate tech startup Coral raises USD 3 mn in seed round"},"content":{"rendered":"

UAE-based climate tech startup <\/strong>Coral<\/a><\/strong> has raised USD 3 mn in a seed fundraising round<\/strong>, according to a press release<\/a>. The round was led by a group of undisclosed tech investors.<\/p>\n

Where\u2019s the money going? <\/strong>The funds will be used to scale Coral\u2019s platform, increase the company\u2019s staff, and expand the startup\u2019s operations to Abu Dhabi, the statement notes.<\/span><\/p>\n

The startup has already bagged major clients: <\/strong>Coral has secured several major partnerships including providing carbon footprint calculations and offsetting pathways for Nissan\u2019s Formula E team. The startup\u2019s Emissions Management System is also being used by several undisclosed corporations and international climate organizations. <\/p>\n

About Coral: <\/strong>The startup uses AI-powered carbon accounting software to help companies manage their emissions, reducing tracking time by up to 95%, according to the statement. The startup also provides one-click curated carbon offsetting solutions with complete traceability and security via blockchain. The startup has offices in Dubai and is planning an expansion to Abu Dhabi soon. <\/p>\n","protected":false},"excerpt":{"rendered":"

The startup uses AI to measure carbon emissions<\/p>\n","protected":false},"author":1,"featured_media":86949,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[265],"tags":[325,255,11,264,262,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-ai","tag-carbon-offsetting","tag-enterpriseclimate","tag-startup-watch","tag-startups","tag-uae","wpautop","entry"],"acf":{"mongo_id":"16d66313-c2fd-4d88-ba08-975f9ba1708a","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1820.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE climate tech startup Coral raises USD 3 mn in seed round","related_issue":[86938],"teaser":"The startup uses AI to measure carbon emissions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.c6a21913-7361-44df-b8dd-7f0a10c173ea.mp3"},"yoast_head":"\nUAE climate tech startup Coral raises USD 3 mn in seed round - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE climate tech startup Coral raises USD 3 mn in seed round\" \/>\n<meta property=\"og:description\" content=\"The startup uses AI to measure carbon emissions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1820.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE climate tech startup Coral raises USD 3 mn in seed round\",\"datePublished\":\"2024-09-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1820.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AI\",\"carbon offsetting\",\"EnterpriseClimate\",\"Startup watch\",\"startups\",\"UAE\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/09\/25\/uae-climate-tech-startup-coral-raises-usd-3-mn-in-seed-round\/\",\"name\":\"UAE climate tech startup Coral raises USD 3 mn in seed round - 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