The latest fund raise comes after BlackRock, the world's biggest asset manager, in January took a minority stake in Clarity AI, with a plan to integrate it into its portfolio management system, Aladdin.Ĭlarity AI has also struck deals with other fund platforms including Allfunds, the world's largest global fund distribution network.Ĭlarity AI said the money raised in the Softbank-led funding round would be used to develop its technology, hire staff and expand into new countries and market segments. "The social and environmental challenges the world faces and the corresponding economic opportunities unlocked have put impact assessment at the forefront of the minds of investors and organisations." "Our technology shows our clients how their investments and other organisations are impacting the world," Clarity AI founder and Chief Executive Rebeca Minguela said. Vision Fund 2 and its predecessor Vision Fund 1 have a reputation for backing companies perceived as leaders in their field by providing large cheques that can enable them to scale quickly.Ĭlarity AI uses big data and machine learning to help clients customise analysis on 30,000 companies, 135,000 funds and 375 countries and local governments. Softbank's Vision Fund 2 currently has around $40 billion in committed capital from the company and its founder Chief Executive Masayoshi Son. So far, more than $30 trillion has been invested in major markets using some form of sustainability strategy, the Global Sustainable Investment Alliance has found.