Credit: Shutterstock
Credit: Shutterstock

Over 50% of top climate risk software startups are led by international entrepreneurs

More than half of climate risk software companies, which collectively have raised over $930 million in the past two years, were founded by immigrants or entrepreneurs outside the U.S., according to Crunchbase data.

Specifically, 13 out of 23 companies in this space have non-U.S. roots, with immigrants to America — predominantly of Indian descent — accounting for 34%.

Topping the list is Tomorrow.io, a weather intelligence platform that has secured over $250 million in funding, and which was launched by two Israeli entrepreneurs.

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Organization NameDescriptionTotal Equity Funding Amount Currency (in USD)Founders
Tomorrow.io, BostonA weather intelligence platform that provides real-time weather forecasts$258,949,997Itai Zlotnik & Rei Goffer, both Israel
Measurabl, San DiegoESG data management platform for commercial real estate$172,610,005Matt Ellis & Lance Onken, both USA
Descartes Underwriting, Paris, FranceAn insurtech company that specializes in climate risk modeling and data-driven risk transfer$140,773,213Tanguy Touffut & Sebastien Piguet, both France, Paris-based
AiDash, San JoseEnabling climate-resilient and sustainable infrastructure with satellites and AI$91,500,000Abhishek Vinod Singh & Rahul Saxena, both India
Arbol, New YorkAn InsurTech platform for parametric products that pay quickly and fairly covering external risks such as unexpected weather$69,000,000Philippe Heilberg, USA & Siddhartha Jha, India
Zesty.ai, San FranciscoAI-enabled property analytics and risk platform for insurance$46,000,000Attila Toth, USA & Kumar Dhuvur, India
ClimateAI, San FranciscoAn enterprise climate platform to help companies reduce, monitor, and adapt to physical climate risks$37,950,000Himanshu Gupta, India & Maximilian Evans, Ecuador
Demex, Washington DCProvides operational climate risk coverage and retained climate risk reinsurance services$18,200,000Stephen BennettEdward Byrns, both USA
Sensible Weather, Santa MonicaA climate risk technology company that is de-risking weather for travelers and travel partners$16,000,000Nick Cavanaugh, USA
Mitiga Solutions, Barcelona, SpainProvides climate risk intelligence that combines science, AI, and high-performance computing$15,587,345Alejandro Marti, Spain
Dexter Energy Services, Drenthe, NetherlandsForecasting and dispatching solutions based on AI and cloud-based technology, increasing efficiency and lowering costs$13,907,301Pieter Broekema & Luuk Veeken, both Netherlands
Circularise, The Hague, NetherlandsProvides digital product passport and mass balance bookkeeping software for secure data exchange for industrial supply chains$11,397,275Jordi de Vos & Mesbah Sabur, both Netherlands
Raincoat, San Juan, Puerto RicoDemocratizing access to financial resilience in the face of natural disasters$11,150,000Jonathan Gonzalez, Puerto Rico & Jan Paral, Czech Republic
Climate X, London UKA global climate risk data analytics company$6,957,556Lukky Ahmed & Kamil Kluza, UK
Entelligent, BoulderA climate risk analytics platform that measures and manages investment exposure to climate risk$5,685,810Pooja Khosla, India & David Schimel, USA
Salient Predictions, CambridgeUses ML and ocean data to provide long-range weather forecast for use in diverse industries$5,647,187Ray Schmitt & Matt Stein, both USA 
TruWeather Solutions, New YorkA micro weather analytics and technology company$5,604,575Don Berchoff, USA
Reask, Sydney, Australia An IT company that builds climate forecasting tools, hazard models, and event response applications using machine learning$4,600,000Jamie Rodney & Thomas Loridan
StepChange, Bengaluru, IndiaSaaS, ESG, Sustainability$4,000,000Ankit Jain & Sidhant Pai, India
Rhizome, Washington DCHelping electric utilities assess and prevent climate-induced power grid failures$2,500,000Netra Parikh, first generation immigrant & Rahul Dubey, origin unknown
source: CRUNCHBASE

Recent significant deals include two U.S.-based companies co-founded by Indian entrepreneurs: New York’s Arbol, and Silicon Valley’s AiDash, which raised a combined $118.5 million. 

Arbol closed a $60 million Series B, led by Giant Ventures and Opera Tech Ventures, for its climate data-driven insurance platform that accelerates payouts and minimizes the need for manual damage inspections.

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