Jupiter, a provider of predictive data and analytics for climate risk, raised $23M in Series B financing.
The round was led by Energize Ventures, with participation from Mitsui MS&AD, QBE, Nephila, SYSTEMIQ, and previous investors Data Collective (DCVC) and Ignition Partners.
The company intends to use the funds to accelerate expansion into new perils, geographies and resiliency services.
Led by Rich Sorkin, CEO and Co-Founder, Jupiter provides data and analytics services to predict and manage risks from extreme weather, sea-level rise, storm intensification and rising temperatures caused by medium- to long-term climate change. Its ClimateScore™ Intelligence Platform provides dynamic, hyper-local, current-hour-to-50-plus-year probabilistic risk analysis for weather in a changing climate. FloodScore™ and HeatScore™ services are already used for managing climate-related risk assessment and management for New York City, South Florida, Houston and Europe with global expansion underway.
The company offers commercial services to asset owners in critical infrastructure, energy and real estate, financial services including insurance and banking, and the public sector, who use the services for a broad range of applications including capital planning, risk management, site selection, design requirements, supply chain management, investment valuations and shareholder disclosures.