- Nobel Prize winning expert in climate predictions (IPCC)
- Google’s former head of Satellite data systems and operations
- Co-developer of Princeton Ocean Model
- NSF head of atmospheric science and world expert on hurricanes and cyclones
- Developer of the short-term flood prediction system for the Port Authority of New York & New Jersey
- CEO of Zip2, Internet GIS pioneer
- SAP’s VP IOT and Cloud marketing
- Hydroscientist who completed NOAA‑led post‑Harvey Houston flooding assessment
- PI of NSF project to containerize weather prediction
Leaders from U.S. agencies, including the National Oceanic and Atmospheric Administration (NOAA), the National Center for Atmospheric Research (NCAR), the National Science Foundation (NSF), NASA, the CIA, the Department of the Treasury and the Department of State
Renowned advisors, including the former Chief Climate Envoy of the United States, Deputy Secretary of the U.S. Treasury, Chief Data Officer of Goldman Sachs, President of The Hartford’s property and casualty companies, Head of Analytics for Google Search, developer of the Palantir data pipeline, and former senior executives and domain experts at Bridgewater and Verisk Insurance Solutions
Asset owners, planners, developers, investors, and government agencies are increasingly recognizing the need to incorporate climate impact data into risk modeling for specific assets. Catastrophic risk modeling most often projects the future based on past statistics with the assumption that the climate is not changing. This approach is flawed in today’s dynamic environment that is continually shaped by changes to built and natural landscapes. Similarly, climate panels at the international, national, state and metropolitan levels use inconsistent methodologies, validation approaches, and metrics that make it nearly impossible for the private sector to use them without extensive custom work.
Today’s decision-makers need data that reflect ongoing change and provide consistent approaches to quantifying physical risk in a changing climate. With the right information, they can make more informed decisions for site selection and design, critical infrastructure planning, equipment ratings, capital investment and portfolio planning, insurance, alternative investment decisions, zoning and building code development, and many other areas. The right decisions improve safety and reduce risks to critical infrastructure and business operations.
In 2017 Jupiter was founded by a group of thought-leaders who believed that every relevant factor in climate impact could be incorporated into an integrated, dynamic modeling framework, enhanced with AI, and that this technology could be used to deliver a risk-focused solution with accurate, actionable information, designed to efficiently scale in the cloud. Now Jupiter has made that belief a reality with global models that predict asset-level impact from flood, fire, heat, drought, cold, wind, and hail events at less-than-one-meter resolution. Predictions are available from 1 hour to over 50 years in the future. Jupiter is the emerging standard for climate-related, asset-level physical risk, with customers already using services in New York, Florida, Houston and Europe. The company will provide multiple services to the top global metropolitan areas during 2019.
Strategic investors, venture firms and high net worth individuals have invested over $30 million in Jupiter with three over-subscribed financings to date. The most recent Series B financing included Energize Ventures, Mitsui MS&AD, QBE, SystemIQ, Nephila, seed investor DCVC and Series A lead Ignition Partners. The proceeds are being used to accelerate Jupiter’s aggressive expansion into more perils, geographies and risk assessment services.
Jupiter also receives funding from the National Science Foundation and NASA for work in cloud computing and satellite observations.
“Influential investors from the U.S., E.U., Asia, and Australia highlight the global nature of Jupiter’s business and the rapidly growing demand for Jupiter’s broad portfolio of high-resolution, AI-enabled climate risk applications. Investments in the company currently total over $30 million.”
– Rich Sorkin, CEO and Co-Founder of Jupiter