Lausanne, Switzerland, July 29, 2024 – Picterra, the leading provider of geospatial AI enterprise software was successfully approved by the Technology Fund to profit from the growth-related loan guarantee program of the Climate Division of the Federal Office for the Environment (FOEN).
This strategic funding will enable Picterra to expand its groundbreaking work in AI-powered geospatial solutions, helping industries worldwide enhance their operational efficiency and environmental stewardship.
Picterra’s innovative platform offers a variety of use cases tailored to different industries, ensuring that clients can harness the power of geospatial data to drive their businesses forward while contributing to a sustainable reduction in greenhouse gas emissions.
In the mining sector, Picterra’s solutions enable precise monitoring and management of environmental impacts, ensuring sustainable practices and regulatory compliance.
For the FMCG (Fast-Moving Consumer Goods) industry, Picterra provides valuable insights into supply chain optimization, helping companies manage resources more efficiently and reduce waste.
Additionally, Picterra’s technology supports companies in becoming compliant with the EU Deforestation Regulation (EUDR). The EUDR regulation reshapes global supply chains for key commodities by requiring companies to establish or update due diligence systems. Picterra simplifies this process by offering advanced geospatial AI to trace the exact origin of products, document supply chains meticulously, and conduct thorough deforestation risk assessments. This helps companies ensure compliance with environmental standards and navigate the complexities of evolving assessment parameters.
These varied applications demonstrate Picterra’s versatility and commitment to driving innovation across multiple sectors, supporting the Technology Fund’s mission to promote sustainable and eco-friendly advancements.
The Technology Fund offers loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions. The Technology Fund is a political instrument of the Swiss government’s climate strategy. The Climate Division of the Swiss Federal Office for the Environment FOEN is responsible for its strategic governance.
Picterra provides sustainability leaders with a Mission Control for Environmental Intelligence. Our GeoAI platform transforms satellite and drone imagery into continuous, verifiable insights across land, supply chains, and ecosystems. Trusted by organizations including British American Tobacco, DEFRA, Walter Matter, and The Nature Conservancy, Picterra facilitates a shift from fragmented, delayed data to real-time environmental visibility. Our cloud-native platform enables leaders to detect what matters, act earlier, and build evidence-based strategies. We make transparency and accountability a reality for global sustainability efforts.
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