Floodbase, a New York-based local weather adaptation expertise firm that gives knowledge and evaluation on flooding and flood danger, raised $12M in Sequence A funding.
The spherical was led by Lowercarbon Capital with participation from Collaborative Fund, Floating Level and Vidavo.
The corporate intends to make use of the funds to make parametric flood insurance coverage insurance policies out there worldwide, defending customers and supporting local weather change adaptation.
Led by CEO Bessie Schwarz, Floodbase is a local weather adaptation expertise firm that gives exact, close to real-time knowledge and evaluation on flooding and flood danger. Powered by 15 satellites, machine studying, and on-the-ground knowledge, its expertise gives knowledge to insurance coverage corporations and governments to tell flood preparedness and restoration selections. Floodbase’s mixture of satellite tv for pc imagery, historic knowledge, and modeling can produce exact predictions of flood areas and severity to create new choices for the previously-uninsured in addition to near-real-time measurements of flooding occasions to tell parametric coverage payouts.
FinSMEs
27/01/2023
