Climate Risk Startup Jupiter Raises $23M
Jupiter Intelligence , the provider of predictive data and analytics for climate risk, has announced a $23m Series B financing round led by Energize Ventures with participation from MS&AD Ventures, QBE, Nephila, and SYSTEMIQ.
Previous investors Data Collective (DCVC) and Ignition Partners also participated in the funding. The proceeds will be used to accelerate Jupiter’s aggressive expansion into new perils, geographies and resiliency services.
“These investments from leaders in the energy, infrastructure, insurance, financial services and consulting industries underscore the urgent need to regularly quantify and assess climate-related physical risk using forward-looking analytics. Influential investors from the U.S, EU, Asia and Australia highlight the global nature of Jupiter’s business and the rapidly growing demand for Jupiter’s broad portfolio of high-resolution, AI-enabled climate risk applications. Jupiter’s elastic exascale computing provides unlimited capacity, enabling hyper-local risk analyses for the entire planet.” – CEO and cofounder of Jupiter, Rich Sorkin.