Mapping climate risk with AI & how a ‘marriage’ between VCs and policy can support net zero – Cervest founder Iggy Bassi
UKTN | The Podcast
UKTN
5 • 6 Ratings
🗓️ 14 March 2023
⏱️ 31 minutes
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Summary
Iggy Bassi, founder and CEO of Cervest, talks about launching a startup to provide climate intelligence for the world’s assets, how smart industrial policy can work hand in hand with the private sector to reach net zero, the power and limits of data in combatting global warming, and why climate tech investors need to be in for the long haul.
Bassi, a serial entrepreneur, founded London-based Cervest in 2016 after his sustainable farm in West Africa was flattened by strong winds, causing millions of dollars in damage. Cervest’s platform uses AI to bring together disparate climate data and provide businesses and governments with insights about the climate risk to their physical assets. It has secured more than £32m in VC funding and went to market last year. Bassi has advised Fortune 500 companies and has been a featured speaker at Harvard University, COP26, World Bank and Tech Nation.
Transcript
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| 0:00.0 | Whether there were extreme weather events, |
| 0:08.0 | some heat winds, in fact, we had a wind gust that took out half of our food processing |
| 0:13.0 | center, so we lost millions of dollars on the phone. |
| 0:19.0 | Every industry will be affected. |
| 0:21.4 | The question is to what degree and over what timeframe? |
| 0:25.1 | These are long-term investments. |
| 0:30.5 | If you're looking for a quick flip, this is not your sector to be in. |
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| 1:14.8 | development teams today. Hello and welcome to the UKTN podcast, a weekly conversation with founders of |
| 1:25.9 | some of the UK's high-growth tech companies. |
| 1:28.9 | Each episode will talk through the founder's personal journey, their vision for their business |
| 1:33.0 | and their views of the wider tech industry. I'm Jane Wakefield and today I'm joined by Iggy |
| 1:38.8 | Bassi, the CEO and founder of Climate Intelligence Platform Sevast. Welcome, Iggy. Thank you very much, Jane, |
| 1:45.2 | and it's great to be here. Now, before we get into the nitty-gritty of Sevast, climate tech is |
| 1:49.7 | obviously a hugely important area, and you've come into this, I guess, the hard way by experiencing |
| 1:55.3 | firsthand the effects that extreme weather can have in farming. So tell me a little bit about that |
... |
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