Cloud to Street
Floodbase is an AI-powered platform that pioneered flood mapping technology to expand insurance coverage for previously uncovered flood risk. They offer an end-to-end solution for parametric flood insurance, enabling policies that pay out within days of an event. Floodbase's technology utilizes seventeen observational sources and high-frequency temporal inputs for consistent, scalable flood monitoring, regardless of cloud cover. This allows them to provide comprehensive flood resilience by insuring against business interruption, crop and land loss, and disaster response. Their clients, including municipalities, golf courses, agriculture, and cannabis operators, benefit from flexible coverage structures and quick payouts. Floodbase has partnered with major industry players like Aon, Swiss Re, and Amwins to design and distribute new parametric flood products.
Cloud to Street
Floodbase is an AI-powered platform that pioneered flood mapping technology to expand insurance coverage for previously uncovered flood risk. They offer an end-to-end solution for parametric flood insurance, enabling policies that pay out within days of an event. Floodbase's technology utilizes seventeen observational sources and high-frequency temporal inputs for consistent, scalable flood monitoring, regardless of cloud cover. This allows them to provide comprehensive flood resilience by insuring against business interruption, crop and land loss, and disaster response. Their clients, including municipalities, golf courses, agriculture, and cannabis operators, benefit from flexible coverage structures and quick payouts. Floodbase has partnered with major industry players like Aon, Swiss Re, and Amwins to design and distribute new parametric flood products.
TL;DR
What they do: AI and satellite remote-sensing platform for near-real-time flood mapping and monitoring (operating as Floodbase)
Primary customers: Insurers, brokers, governments, humanitarian organizations, and commercial operators
Use case: Parametric flood insurance, flood risk analytics, emergency response
Headquarters: New York, New York, United States
Reported team size: Around 11–50 employees (multiple sources) / 29 employees (one snapshot)
Company Overview
Problem Domain
Flood risk monitoring, flood insurance (parametric), disaster response and resilience
Industry
Climate tech / Insurtech / Remote sensing
Funding Track Record
21300000.00
Most recent reported round date and total funding reported in snapshot
Investor Signal
“Has institutional investors including Draper Richards Kaplan Foundation and Collaborative Fund”