Funding · Agriculture & Food Systems

Mitti Labs raises $9.5 million Series A

By Startup Enthusiast · 5 August 2026

What they do

Mitti Labs uses satellite data and AI to cut methane and water in rice farming

Series A of $9.5M led by Aramco Ventures, with Lightspeed India and others

Funds will expand its Alternate Wetting and Drying program to Southeast Asia

Mitti Labs raised a $9.5 million Series A funding round announced on 5 August 2026.
The round was led by Aramco Ventures, the venture capital arm of Saudi Aramco.
Other participants included Lightspeed India, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle.
The company will use the funds to expand its geographic footprint within India and launch greenfield projects in the Philippines and Indonesia.
Mitti Labs has raised a total of $12.5 million to date, including this round and earlier investment from Voyager Ventures.
The company employs 150 people and has saved 500 billion liters of water, equivalent to Bengaluru's annual supply.

Rice consumes >30% of all irrigation water globally, and methane from flooded fields is responsible for one-third of climate warming.
Alternate Wetting and Drying (AWD) cuts water usage by ~40% and methane emissions by >50% while maintaining yields.
Mitti Labs aims to build resilient livelihoods for 150 million smallholder farmers.
Its AWD projects have received Sylvera A-rating, indicating low risk of over-crediting.

Mitti Labs operates a GeoAI platform that fuses high-resolution SAR satellite data with ground truth and physical models to create digital twins of rice fields at individual-plot resolution.
The GeoAI was developed with support from NASA.
The company runs the largest AWD rice program globally since its launch in 2023, implementing the practice at scale.
It offers rice carbon credits, climate-smart rice, and methane reduction services.
Key customers include Cool Effect, Ebro Foods, and Syngenta.
Methane is 85 times more potent than CO2 in the short term, and rice is grown on 10% of Asia's total agricultural land.

Aramco Ventures (lead) — Venture capital arm of Saudi Aramco, led by Zayed AlAmri, Executive Managing Director.
Lightspeed India (participant) — Venture capital firm with partner Hemant Mohapatra.
Godrej Industries Group (participant) — Indian conglomerate with participation from Burjis Godrej.
Cisco Foundation (participant) — Corporate foundation of Cisco Systems.
Francis Family Fund (participant) — Family investment fund.
Volta Circle (participant) — Venture capital firm.

Product: GeoAI platform using satellite imagery and machine learning to implement alternate wetting and drying practices in rice farming
Customers: Smallholder rice farmers and corporations pursuing net-zero emission goals seeking carbon credits
How it makes money: Carbon credit generation and verification (dMRV) enabling farmers to monetize emissions reductions while reducing water usage
What sets it apart: Satellite-based AI monitoring and verification enables reliable carbon credit generation with 40% water savings and methane reduction