Watershed was founded in 2019 to respond to a lack of sophisticated technologies for companies to assess their climate impact. Brands already have complex toolboxes for other departments, such as finance, but emissions teams can find it difficult to supply reports with any confidence due to long wait-times for data, and inaccuracies from estimates. Watershed’s carbon data engine analyses emissions for every line item of a business, and battles estimates by deploying state-of-the-art methodologies for remote work, cloud computing, and a host of other classically difficult-to-measure aspects.

Watershed has ambitions to become the go-to corporate decarbonization platform, and big brands like Airbnb, DoorDash, Twitter and Shopify are already using it to help them in their commitment to reducing emissions. The substantial funding raised by the company will be used to accelerate hiring, and to improve the set of tools it provides for businesses to run effective climate programs.