Isometric Raises $50M Series A for Industrial Verification

London-based Isometric has successfully closed a $50 million Series A funding round, bringing its total capital raised to over $75 million. This significant investment, led by new backers including Intercontinental Exchange, Inc. (ICE), will fuel the company's expansion of its AI-driven verification platform beyond its initial focus on carbon removal into broader industrial economy claims.

The latest tranche of funding, valued at approximately $10 million, builds upon the company's previous Series A valuation of $40 million. The round saw participation from a robust group of investors, underscoring strong market confidence in Isometric's mission. Key participants include Acario Innovation (the venture arm of Tokyo Gas), BY Venture Partners, Dubai Future District Fund, Earth VC, Motion Ventures, One Capital, Plug and Play, Verb Ventures, and Legora founder Max Junestrand. Existing investors also participated, reinforcing their commitment to Isometric's growth trajectory.

Eamon Jubbawy, CEO of Isometric, highlighted the strategic importance of the investment, stating, “Provable output is financeable output. Our AI agents check every data point behind an industrial claim, turning it into a verified asset.” He further emphasized the synergy with ICE, noting, “ICE has spent decades building the infrastructure the world’s financial markets depend on, and they’re now backing Isometric to do the same for the industrial economy.” This partnership aims to leverage ICE's extensive financial market infrastructure and data expertise to enhance Isometric's verification capabilities.

Isometric's expansion comes at a time when the climate technology sector, particularly in Europe, is experiencing a surge in investment for carbon certification and industrial decarbonization solutions. Recent funding rounds in this space include Equitable Earth's €12.6 million Series A, Seqana's €3.2 million, Proba's €1.25 million, and D-CRBN's €17.5 million. In related industrial infrastructure, MAECONOMY raised €1.5 million for circular building materials, and Cocoon Carbon secured €13 million for low-carbon cement substitutes, collectively representing substantial capital deployment in the green industrial transition.

Founded in 2022, Isometric's core offering is its AI-powered platform, Certify, which collaborates with independent verifiers to scrutinize data underpinning industrial claims. This rigorous process ensures that every certificate, published on Isometric’s public Registry alongside its supporting data and calculations, is robust and trustworthy. Initially a leader in carbon removal, where it has certified over 16 million tonnes—more than any other certifier globally—Isometric has strategically broadened its scope to encompass industrial emissions, energy, fuels, and materials.

The company's client roster includes prominent names such as Microsoft, Anglo American, Boeing, and JPMorgan Chase, alongside over 200 projects worldwide. This latest funding round is set to accelerate Isometric's penetration across the industrial economy, solidifying its position as a critical infrastructure provider for verifiable industrial output and sustainable finance.