Climate science company Jupiter raises $54 million
Jupiter Intelligence closed a $54 million Series C funding round co-led by Clearvision Ventures and MPower Partners.
The biggest new investors in the funding were CDPQ, a global investment group, Japanese venture firm MPower Partners, and one of the world’s largest university endowments. All of Jupiter’s major existing investors—DCVC, Energize Ventures, Ignition Partners, Liberty Mutual, MS&AD Ventures, QBE Ventures, and SYSTEMIQ — also participated.
Jupiter now provides analytics to 30 companies in the Global 2000, U.S. Department of Defense and FEMA to understand the impact of climate change on their physical infrastructure and supply chains, risks to financial portfolios, and vulnerabilities to human health and safety, and to protect over ten billion dollars of physical assets and more than a trillion dollars of financial assets.
“Investments from leaders across the globe, representing every sector of the economy, reflect the growing recognition that organizations need powerful analytic tools to invest in resilience to reduce the impacts and risks from climate change. The profound challenges from climate change are multiplying and the world is rapidly awakening to an ever-worsening reality. With this investment, Jupiter will more quickly and broadly serve increasing global demand for our best-in-class climate risk analytics. Too many organizations are still ill-prepared for the accelerating effects of climate change. Jupiter continues to attract outstanding people and financial resources to help minimize the worst impacts. Our Series C funding is the latest milestone in Jupiter’s growth and will help us address humanity’s most pressing problem.” – Rich Sorkin, Jupiter’s CEO.