ImageTree, based in Princeton, N.J., has raised $4.5 million in a second round of financing from Battelle Ventures.
The 2-year-old firm has developed a remote sensor technology that can assist forest-management trusts, government agencies and conservation groups to accurately monitor and measure carbon being absorbed by forests.
As carbon-offset markets develop it’s critical to know whether forests are actually absorbing carbon – whether “carbon sinks” are working.
Currently, a “manual” method is used – foresters walk through a small section of forest taking measurements and then project the results to the overall forest.
ImageTree brings clear standards and measurement tools to the assessement process. The company says it can measure 80% of a forest using GPS, color infrared and light detection.
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