Jupiter Finds $23M For Climate Risk Analytics
Silicon Valley-based Jupiter, which offers up predictive analytics software specifically for identifying climate-change related risk, has raised $23M in a funding round, the company said on Monday, which came from Energize Ventures and including Mitsui MS&AD, QBE, Nephila, SYSTEMIQ, as well as un-named private equity funds. Prior investors Data Collective (DCVC) and Ignition Partners also invested. The company-offers up data analytics to gauge the risk of floods, fire, heat, drought, and other environmental impacts due to climate change--on any time scale, from an hour ahead to 50 years. The company said its its services are driven by artificial intelligence. The new funding will go towards "aggressive" expansion into new perils, geographies, and resiliency services, according to the company. The company's lead products, "FloodScore" and "HeatScore", are already being used for climate-related risk assessment for New York City, South Florida, Houston, as well as in Europe, according to the company.
posted on Monday, March 4, 2019
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