4 years ago

Previsico Secures £1.75M Seed Funding to Advance Flood Forecasting Solution

  • Leicestershire-based insurtech startup Previsico has raised £1.75 million in a Seed funding round led by Foresight Group, with participation from the Midlands Engine Investment Fund and Foresight Williams Technology

  • The funding will be used to further develop Previsico's real-time flood forecasting solution, which utilizes IoT sensors, weather data, and flood modeling to provide street-level flood nowcasts and forecasts

  • The company plans to expand its team, grow sales in the UK and internationally, and integrate IoT sensors into its platform.

      • ProblemTechnology

      "Floods are a major problem, causing damage to people, infrastructure, and the economy. Existing flood warning systems are often inaccurate or too slow to be effective."

      Solution

      "Previsico uses real-time weather data and IoT sensors to provide accurate, street-level flood forecasts. This allows people and businesses to prepare for floods and minimize damage."

      Covered on