Climate Tech Firm Raises CA$1.29M to Expand AI Risk Tools in Canada

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AISIX Solutions Inc. (AISX:TSX.V; QT7: FSE) has completed the first tranche of its non-brokered private placement, raising gross proceeds of CA$1,296,468 through the issuance of 37,041,942 units priced at CA$0.035 per unit. Each unit consisted of one common share and one common share purchase warrant, exercisable at CA$0.065 per share for a period of two years, subject to acceleration if AISIX's shares trade at or above CA$0.10 for ten consecutive trading days.

The company paid a cash finder's fee of CA$42,323.75 and issued 1,209,250 non-transferable finder warrants in connection with the offering. All securities issued are subject to a four-month-and-one-day hold period in accordance with Canadian securities laws and the TSX Venture Exchange's policies.

AISIX intends to use the proceeds for working capital, sales and marketing infrastructure, potential acquisitions, product enhancements, and general corporate purposes. "This financing milestone underscores the market's confidence in our strategy and technology," said Mihalis Belantis, chief executive officer of AISIX, in the news release. "With these resources, we are advancing key initiatives including product enhancements, sales expansion and strategic partnerships."

Belantis, who previously held approximately 18.4% of AISIX's shares on a partially diluted basis, acquired an additional 5,758,571 units in this round, increasing his ownership to 20.6% on a partially diluted basis. This related-party transaction was approved by AISIX's board of directors under exemptions permitted by Multilateral Instrument 61-101 and disclosed in accordance with National Instrument 62-103.

The company expects to close a second tranche of the offering by September 30.

Climate Tech Grapples With Policy Shifts and Data Demand

According to an August 18 feature from Duke University's Nicholas School of the Environment, the emerging climate tech sector has increasingly centered around cross-disciplinary approaches combining environmental science, policy, and data-driven solutions. Aaron Siegle, a student and climate researcher, highlighted the sector's intersectionality, saying, "everything's way more interconnected than we think."

His research into marsh migration modeling and nature-based solutions illustrated how environmental impact studies are informing national policy recommendations and technical roadmaps.

Meteorologist Jagadish Shukla's lifelong pursuit of climate predictability highlighted the foundations of modern environmental modeling, reinforcing the importance of boundary conditions such as ocean temperature and soil moisture in forecasting long-term weather patterns.

As reported by MSN on August 21, Shukla's groundbreaking "billion butterfly" experiment showed that even with chaotic daily fluctuations, consistent seasonal outcomes could be predicted using fixed boundary variables. His work ultimately shaped the development of dynamic seasonal prediction models and inspired widespread adoption of AI-enhanced forecasting in climate science.

"It's a small price to pay to defend the integrity of climate science," Shukla said, reflecting on decades spent bridging uncertainty and scientific progress.

On August 26, Amanda Lim of AgTech Navigator explored the sector's rising focus on accessibility and insurance readiness in climate impact data. Antonio Tinto, CEO of Lambdai Space, explained that artificial intelligence and satellite imagery were helping companies "democratize access to climate impact data." Tinto noted the industry's shifting attention to practical applications in insurance and agriculture, stating, "the insurance companies are the ones that really need help to understand climate events, climate impact, and how it affects agriculture." He added that clients now expect technology to deliver measurable value, explaining, "If you cannot prove that you deliver bottom-line value to your clients, it will be very challenging."

Later that same day, Trellis Energy reported on the broader climate investment environment in the United States. Jake Mitchell wrote that climate tech funding had declined 19% in the first half of the year compared to 2024. Gabriel Kra of Prelude Ventures said this period required a shift in priorities: "In today's climate tech new normal, cash and unit profitability is more important than growth." Yi Jean, a partner at Clean Energy Ventures, described a widespread slowdown, stating, "people are just not investing in the face of uncertainty."

However, the Trellis article also pointed to resilience in certain policy frameworks. Leonardo Banchik of Voyager noted, "while the IRA could have been stronger, several important provisions remain intact, which makes a real difference for the sector." He added that the new law reduced risk and helped investors move forward with confidence, saying, "we're already seeing this certainty in the investments we're making."

AI-driven climate data puts AISIX in the spotlight

As outlined in its corporate presentation, AISIX Solutions provides AI-powered climate risk analytics that help governments, insurers, and businesses assess and manage the increasing threats posed by environmental hazards. Its product suite includes tools for wildfire, extreme heat, wind, smoke, and hail forecasting, with expansion underway through products like "Climate Genius," now in development.

The company's wildfire prediction models have demonstrated over 90% accuracy, as shown in a case study of the 2024 Jasper Fire. These predictive capabilities are particularly relevant given the CA$320 billion in global economic losses reported from climate disasters in 2024.

AISIX's market offering focuses on asset-level risk assessments and scenario modeling, which are now increasingly required by regulators and insurers. Its client base includes sectors such as real estate, engineering, government, and risk management, with notable relationships including MNP, one of Canada's leading professional services firms, and ClimateDoor, a firm specializing in climate-focused business development strategies.

The company's leadership includes experts in climate data modeling, software development, and AI research. With its tools already in use and new products in the pipeline, AISIX continues to build out both its operational and data infrastructure in alignment with its goal of delivering precise, decision-grade climate risk intelligence.

Ownership and Share Structure

As for the ownership of AISIX, according to Refinitiv, two insiders hold 21.28% of the company. They are CEO and Director Belantis, with 20.6%, and Cofounder and Advisor David Poole, with 1.22%. 

Retail investors own the remaining shares, as there are no institutional owners. 

In terms of structure, AISIX has 115.51 million shares outstanding and 97.34 million free-float traded shares. The firm's market cap is CA$3.423 million, and it trades in a 52-week range of CA$0.015 and CA$0.075 per share.