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Illustration: Aïda Amer/Axios

There’s a new entrant into the increasingly crowded climate change risk management space. ClimateAi, a firm that applies artificial intelligence to climate modeling to create business insights, announced the close of a $12 million Series A round Wednesday.

Why it matters: Companies such as ClimateAi aim to help companies, farmers and others manage risks to their businesses from climate change-related extreme weather events, sea level rise and other impacts.

The details: The series A round was led by Radical Ventures and Robert Downey Jr.’s Footprint Coalition Ventures. The company has now raised a total of $16 million in funding to date.

  • ClimateAi also launched its enterprise climate planning platform Friday, which is focused on supply chain risks.
  • "The pandemic — timed with the hottest year to date — put the focus squarely on the vulnerabilities of our food system infrastructure and supply chains," ClimateAi CEO Himanshu Gupta said in a press release.

What’s next: To date, the firm, which grew out of Stanford University, has focused on the food and agriculture sector. Gupta told Axios he hopes to use the new resources to grow into at least one new vertical.

Go deeper

Pelosi says it's her "plan" to appoint GOP Rep. Kinzinger to Jan. 6 committee

House Speaker Nancy Pelosi (D-Calif.) said Sunday that it is her "plan" to appoint Rep. Adam Kinzinger (R-Ill.) to the House select committee investigating the deadly Jan 6. Capitol riots.

Why it matters: Pelosi's statement to ABC's "This Week" comes after she rejected two of the five Republican appointments offered by House Minority Leader Kevin McCarthy (R-Calif.).

Updated 2 hours ago - Sports

Olympics dashboard

⛳️: Golfer Bryson DeChambeau will miss Olympics after testing positive for COVID

📺: The Olympic events to watch today

🏊: Athlete spotlight — When to watch swimming star Katie Ledecky

🥋: Iranian defector defeats Iranian in taekwondo

🤖: The robot Olympics

🚨: Heat wave brings scorching temperatures to Tokyo Olympics

🎤: Meet the new faces of NBC's Olympics coverage

Go deeper: Full Axios coverage

Bezos beats Branson in space billionaires' battle for attention

Photo illustration: Aïda Amer/Axios. Photo: Imtiyaz Shaikh (Anadolu Agency), Drew Angerer/Getty Images

Jeff Bezos' flight into space generated more interest from the public than Richard Branson's, and both billionaires overshadowed their respective space companies.

Why it matters: Data shows an outsized public interest in the personalities at the center of the space trips, compared to the companies behind them — which could reinforce public suspicion that the ventures were partly vanity plays.

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