Global Brain has invested in Cierpa & Co, Inc., a provider of cloud-based ESG information disclosure management software "SmartESG," as the lead investor

Global Brain has invested in Cierpa & Co, Inc. (Cierpa & Co), a company whose purpose is to make sustainability and technology a normal part of all economic activities, through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII) and Norinchukin Innovation Fund L.P. (NCIF) as the lead investor.

In recent years, ESG data has become increasingly important in corporate management due to the emergence and complexity of ESG issues such as climate change and human rights. "SmartESG" provided by Cierpa & Co is a cloud service that supports corporate decision-making and value creation in ESG management by optimizing the workflow for collecting and disclosing a wide range of ESG data and providing insights using automation and AI. Since its official release in November 2022, the total market capitalization of companies that have adopted the service has exceeded 100 billion dollars, and the service continues to grow rapidly. Through this financing, Cierpa & Co plans to expand the scope of ESG data collection and disclosure, enhance analytical functions, and develop advanced technologies based on AI and machine learning.

Global Brain has decided to invest in Cierpa & Co, highly recognizing the company's depth of customer understanding in this area, high expectations of its customers backed by its traction, and its potential to become a leading player. Through this investment, Global Brain will actively support Cierpa & Co to contribute to its business growth.