Climate risk analytics startup announces public launch

FutureProof Technologies , a financial technology startup that enables asset managers, banks, and insurance-sector institutions to quantify and manage the financial impacts of climate change, has recently announced its public launch with a $3 million financing led by Innovation Endeavors with participation from MS&AD Ventures and Blackhorn Ventures. It also disclosed partnerships with Tishman Speyer and Equilibrium Capital, among others.

FutureProof’s mission is to close this gap by projecting the financial implications of climate change, making climate risk actionable for financial professionals.

“The climate risk data available to financial institutions today is largely non-financial in nature, which means it cannot be integrated into financial models. We give organizations the sophisticated tools they need to manage physical climate change risk in financial terms.” – Alisa Valderrama, CEO and co-founder of FutureProof.

FutureProof uses AI to project climate-linked financial losses, in dollars-and-cents terms, based on the specific characteristics of each asset. FutureProof enables financial institutions to quantify the dollar value of current and future climate-linked financial losses to physical structures, bonds, and over 50,000 public and private companies.

FutureProof is also making its tools available free of charge to financial regulators.