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Floodbase
AI and satellite flood tracking
- 1-20 employees
- Fintech
- B2B
- Insurance
- Big data
- Deep Tech
- Visualisation
- SaaS
- Environmental
- Downtown Brooklyn, NY
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Company mission
To enable all communities to prepare and respond to climate disasters by reducing the barriers to scientific information and capital.
Our take
As natural disasters increase in occurrence due to climate change, Floodbase is addressing the uneven preemption times of insurers and government bodies by mapping and tracking potential floods through satellite imagery. Floobase uses the data collected to influence insurance claims and help communities prepare and respond to oncoming floods.
Founded by Masters students at Yale University, Floodbase’s prototype was supported by Google and quickly gained interest from investors due to its convergence of social and financial adaptation goals. Backed by several major low carbon investment firms, Floodbase’s photography has been featured on the front cover of major publications and its technology has been used by the United Nations to help improve disaster response times.
With plenty of capital behind it, Floodbase has little in the way of competition and is using its technical capabilities to develop new types of flood insurance for vulnerable communities.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Jan 2023
$12m
SERIES A
Sep 2022
$12m
SERIES A
Total funding: $32.6m
This company has top investors
Leadership
Beth Tellman
(Chief Scientist)Currently Assistant Professor at University of Arizona. Previously Postdoctoral Researcher at Columbia University and MA Environmental Science at Yale University.
Bessie Schwarz
(CEO)Previously Strategist at Yale Program on Climate Change Communication, Research Affiliate at Data Pop Alliance and Field Doctor at Environment Colorado.