Jupiter is the standard in climate risk analytics for resilience and risk management
“The weather and climate risk industry has not seen a company enter the space with this mix of financial backing, technology, and intellectual heft in years, if ever.”
—The Washington Post
Jupiter is the market leader for climate risk analytics in key industries, including insurance, banking, asset management, real estate, energy, utilities and power, oil and gas, manufacturing, chemicals, mining, retail, agriculture, the public sector, and NGOs.
Our best-in-science solutions deliver climate risk analysis of multiple perils, in spatial resolutions from portfolio to asset level, globally and across flexible time horizons and climate scenarios.
From startup to global leader in two years
Jupiter’s launch in February 2018 represented the culmination of the efforts and expertise of a cross-disciplinary team of business leaders, technologists, scientists, and risk management and data analytics specialists.
We recruited a top-flight team from research laboratories and corporations with a deep knowledge base encompassing product development, Earth and climate science, weather modeling, machine learning and artificial intelligence, virtualization, cloud computing and storage, and big-data management.
The founders raised $10 million in early financing from strategic partners and investors; this initial round has since been followed by successive investments of roughly $30 million from both existing and new sources.
Wrote The Washington Post: “The weather and climate risk industry has not seen a company enter the space with this mix of financial backing, technology, and intellectual heft in years, if ever.”
Jupiter has been rolling out a series of transformative, leading-edge products since its inception: the ClimateScore™ Intelligence Platform and the ClimateScore Planning suite—FloodScore,™ HeatScore,™ WindScore,™ and FireScore™—all of which provide high-resolution, asset-level probabilistic climate risk analysis.
In 2020, we introduced Jupiter ClimateScore™ Global, a next-generation climate analytics tool. It offers portfolio-level physical risk assessment for any point on the Earth’s surface through the year 2100. R&D continues on an expanding set of Jupiter products that addresses additional hazards and evolving customer use cases.
Our climate risk analytics have been adopted by at least one of the world’s five largest entities in multiple market segments: asset management, banking, insurance, oil and gas, mining, utilities, construction, as well as the United States government.
With a team including a Nobel Prize Laureate and recognized experts in business, academia, and government, Jupiter became both a market and thought leader in the field of physical climate risk analytics.
Jupiter’s testimony was sought in March 2019 by the Subcommittee on the Environment of the U.S. House of Representatives’ Committee on Science, Space and Technology. Jupiter’s CEO, Rich Sorkin, was invited to appear as the spokesperson from innovative, private-sector-based climate technology companies. In addition, Mr. Sorkin is a member of the climate risk working group at McKinsey & Company, and a keynote speaker at events such as the Amsterdam International Water Week.
Our data and analytics have been cited in major recent reports such as:
• 14 Steps to Catalyze Investments Towards a Net-Zero Future (Ceres Memorandum to the Biden-Harris Transition Committee, November 17, 2020)
• Managing Climate Risk in the U.S. Financial System (The U.S. Commodity Futures Trading Commission, September 2020)
• Solving the Climate Crisis: The Congressional Action Plan for a Clean Energy Economy and a Healthy, Resilient, and Just America (The U.S. House of Representatives Select Committee on the Climate Crisis, June 2020)
• Addressing Climate Change as a Systemic Risk (Ceres, June 2020)
• Soaked: A Policy Agenda to Prepare for a Climate-Driven Housing Crash (The Roosevelt Institute, July 2020)
In addition to market adoption in the Americas, Europe, and Asia-Pacific, Jupiter’s solutions have also been recognized for excellence by industry events such as the Zurich Innovation Championship (as a global winner), 2021 Global Cleantech 100 List, and the Disrupt 100 Index.
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