7Analytics raises €4 million

Norwegian flood risk startup 7Analytics has raised €4 million from Scale Capital.

Founded in 2020, the startup claims to develop high-precision models for predicting floods and landslides.

7Analytics plans to enter the US market later this year and offer its flood risk solution to insurance companies and asset owners.

“Flooding has the highest economic impact on society in terms of natural disasters, yet insurers are leaving flood-prone areas because they lack adequate risk information. Through our deeper approach, we are giving insurers data that accurately assess the specific risk of each property.” – Jonas Aas Torland, 7Analytics’ CCO and co-founder.