Novisto

AI-driven platform for ESG data management

Montreal, Quebec, Canada

About Novisto

Novisto provides a platform for managing Environmental, Social, and Governance (ESG) data, aimed at helping businesses enhance their sustainability efforts. The platform utilizes artificial intelligence to streamline the processes of data collection, disclosure, and quality assessment, while also offering insights, peer benchmarking, and stakeholder engagement features. This service is particularly beneficial for public companies that are under pressure to improve their ESG performance and meet disclosure requirements. Unlike many competitors, Novisto focuses on a data-centric approach, making it easier for companies to handle complex ESG data management tasks. The goal of Novisto is to support businesses in navigating the growing demands for sustainability and ESG transparency through a subscription-based model that provides ongoing access to their tools.

Montreal, CanadaHeadquarters
2019Year Founded
$27.4MTotal Funding
SERIES_BCompany Stage
Enterprise Software, AI & Machine LearningIndustries
51-200Employees

Benefits

Health Insurance
Flexible Work Hours
Remote Work Options
Paid Vacation
Stock Options
Summer Hours

Risks

Increased competition from established firms like Workiva and Enablon.
Potential EU regulatory changes may require platform adjustments.
Rapid AI advancements could render current solutions obsolete if not updated.

Differentiation

Novisto offers an AI-driven ESG data management platform for public companies.
The platform includes peer benchmarking and stakeholder engagement features.
Novisto's subscription-based model provides recurring revenue from its clients.

Upsides

Growing demand for AI-driven ESG solutions boosts Novisto's market potential.
Series B funding enables accelerated product development and market expansion.
Partnership with Mila enhances technological capabilities and competitive advantage.

Funding

Total raised$27.39 M
Latest valuation$135.00 M
StageSERIES_B
SERIES A
4/30/2021
$7
$48.00 M
SEED
11/30/2019
$1
$9.00 M