a year ago

Climate X Raises €16.8 Million to Price Climate Risk for Financial Institutions

  • Climate X, a climate risk intelligence company, has raised €16.8 million in Series A funding led by GV (Google Ventures)

  • The company will use the funds to accelerate its global expansion and help financial institutions price the impact of climate change on their physical asset portfolios

  • Climate X's platform uses a combination of Digital Twin of the Earth, physics and AI to model the future likelihood of 16 different climate hazards across eight warming scenarios over a 100-year time horizon

  • The company's technology allows clients to determine the ROI of taking pre-emptive climate adaptation action based on a range of 22 different interventions.

      • ProblemTechnology Infrastructure

      "Financial institutions need to understand the impact of climate change on their physical asset portfolios, but current methods are expensive, manual, and unreliable."

      Solution

      "Climate X provides a platform that uses AI and data to model the future likelihood of climate hazards and their impact on individual assets, allowing clients to make informed decisions about their investments and risk management strategies."

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