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Right now, it’s hard to imagine anything having a greater impact on the future than climate change. Read today’s startup to find out how reliable predictions can help protect assets and create new opportunities.
Today’s update is 371 words, 1.8 minutes
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Startup of the day
Climate X, London (UK)
Source: Climate X
What’s the deal: Founded in 2020, Climate X delivers data and analytics that predict how climate change will impact assets and infrastructure in different scenarios.
The London-based company measures potential damage and provides climate-adjusted resource valuations, transforming future threats into promising opportunities.
Climate X has raised £1.1M in its pre-seed round
Underlying trends: AI, Climate Change, Risk Management
Why it matters: Climate change is one of the most critical situations faced by the global community, bringing with it the threat of widespread natural disasters including flooding, storms, rapidly spreading forest fires, and prolonged dry spells resulting in drought.
Reliable climate intelligence will help worldwide organizations, people, and governments to create and experience a stronger future. Climate X utilizes a mix of physical risk models and artificial intelligence to show how climate change-related weather events could affect specific assets or locations around the globe, up to 80 years down the line.
Our take: Climate X has made a promising start, gaining the attention of global industry leaders from multiple institutions.
It is aiming to release its final product onto the UK market by the end of 2021, and is planning for rapid international expansion during 2022.
But, it is not the only climate analytic company thriving in the UK. Consulting firms like McKinsey & Company, and South Pole, are among the startup’s strongest competitors.
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