mistEO Raises Rs 18 Crore Led by MGF-Kavachh
MGF-Kavachh led the seed round in the Thiruvananthapuram climate intelligence startup, with Seafund also taking part.
Key Takeaways
- mistEO raised Rs 18 crore in a seed round led by MGF-Kavachh.
- Seafund and other investors also took part in the round.
- Its own Indra weather models include AI nowcasting for the next 0 to 6 hours.
- It works with NABARD and UNDP in India and with cattle farmers in Australia.
- mistEO said it will scale its CDI platform across India and Asia.
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mistEO, a climate and weather intelligence startup based in Thiruvananthapuram, has raised Rs 18 crore in a seed round led by MGF-Kavachh. The startup announced the round at Huddle Global 2026, the eighth edition of the event.
Seafund and other investors also took part in the round. MGF-Kavachh is a SEBI-registered Category II Alternative Investment Fund.
mistEO funding at a glance
| Detail | mistEO |
|---|---|
| Amount | Rs 18 crore |
| Round | Seed |
| Lead investor | MGF-Kavachh |
| Other investors | Seafund and others |
| Sector | Climate and weather intelligence |
| Headquarters | Thiruvananthapuram, Kerala |
What mistEO does
mistEO turns weather and climate data into risk information that banks, insurers and farm businesses can act on. Its Climate Decision Intelligence (CDI) platform combines physics-based weather modelling with AI and machine learning, and draws on satellite, radar, IoT and ground-sensor data. The aim is to show how the weather will affect a specific farm, asset or loan.
The forecasts come from Indra, the company's own weather model. Indra includes an AI nowcasting model for the next 0 to 6 hours. mistEO is also building tools for port and maritime operations, solar and wind power forecasting, weather routing for logistics fleets, and flood and heavy-rainfall monitoring.
Where mistEO's weather models are already in use
In India, mistEO works with NABARD and the United Nations Development Programme (UNDP) on DiCRA, which provides open climate resilience data for agriculture. In Australia, its livestock early warning system alerts cattle farmers to heat stress. mistEO also works in Uzbekistan.
mistEO's journey so far
| When | Milestone |
|---|---|
| 2019 | mistEO is founded in Thiruvananthapuram |
| November 2026 | Raises Rs 18 crore in a seed round led by MGF-Kavachh, announced at Huddle Global 2026 |
What mistEO says it will do with the Rs 18 crore
mistEO said it will use the money to scale its CDI platform for banks, insurers and agri-value chains across India and Asia. The company said it also plans to strengthen its forecasting and risk models and grow its team.
Where mistEO stands after its seed round
mistEO, founded in 2019, now has offices in Thiruvananthapuram and Melbourne, and its work spans India, Australia and Uzbekistan. It works with NABARD and UNDP in India and with cattle farmers in Australia. The company said the new Rs 18 crore will take its CDI platform further across India and Asia.
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