Jupiter in the news

Jupiter recently raised a $23 million Series B funding round in which Nephila Capital participated, alongside other insurance and reinsurance industry stalwarts including Mitsui MS&AD, QBE, as well as private equity specialists and venture funds. “These investments from leaders in the energy, infrastructure, insurance, financial services and consulting industries underscore the urgent need to regularly quantify and assess climate-related physical risk using forward-looking analytics,” explained Rich Sorkin, CEO and Co-Founder of Jupiter. “Influential investors from the U.S, EU, 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. Jupiter’s elastic exascale computing provides unlimited capacity, enabling hyper-local risk analyses for the entire planet.”

This week brought one early example, in the form of Jupiter Intelligence, which raised a $23 million funding led by Energize Ventures. Headed by an impressive team that includes a Nobel Prize recipient and two members of the C-suite with ties to Google, Jupiter is a provider of AI-powered weather prediction data designed to help its customers—such as insurance companies and governments—know when and where climate disasters might strike. Hurricanes and massive floods can cause billions of dollars in damage, and Jupiter offers a chance to mitigate some of that risk.

Jupiter Intelligence, a startup that sells climate change impact data to governments and private industry, raised $23 million in Series B funding led by Energize Ventures. Why it’s the BFD: Because our failure to effectively mitigate climate change means that we now must deal with its consequences. “Jupiter has aggressively hired top talent from government climate labs, both for its executive ranks and at the staff level, and is especially well-positioned to tackle systemic risk for the insurance sector. It’s no accident that insurance companies, especially the major reinsurers, have been advocating for climate action long before many politicians did; they’re afraid of sinking under a rising tide of natural disaster costs.”

Data analytics company Jupiter Intelligence works with public sector agencies and private companies in real estate, insurance, energy and infrastructure to help them assess and plan for climate-related risks. The company has secured $23 million in Series B funding backed by energy-focused investment firm Energize Ventures, impact investor SYSTEMIQ, and insurance firms QBE, Mitsui MS&AD and Nephila.

As natural disasters increase in frequency and severity, cities and the businesses that reside in them are mobilizing to understand how best to prepare for the climatological challenges they’re going to face — and increasingly they’re turning to companies like Jupiter Intelligence for information.

Rich Sorkin is the founder and CEO of Jupiter Intelligence, a startup delivering hyperlocal climate predictions using cloud computing.

Jupiter is a company staffed in part by climatologists and other scientists and provides climate change risk assessments for projects and government agencies.

“It joins the mounting evidence about the scope and magnitude of climate-change impacts,” says Jupiter Intelligence director Julie Pullen, an ocean scientist at Jupiter Intelligence who reviewed an earlier version of the report. And because the report drills down into the local-scale impacts, Pullen adds, it gives Americans a realistic view of exactly how climate change influences their day-to-day experiences.

Richard Sorkin, co-founder of Jupiter Intel, said politics and other factors can keep government-provided maps from being the most comprehensive flood maps available. Jupiter works to create flood maps using the latest in cloud-computing technology to account for all factors that lead to flooding. The company has a team of experts, including a Nobel Prize winner, that works with governments and companies to provide the most up-to-date information on property risks.

Jupiter, the trusted leader in climate risk analytics, today announced the launch of Jupiter AI, a new generative AI agent that revolutionizes the way businesses predict their financial exposure to the physical risks of climate change.‍

The Nature Conservancy Colombia y Jupiter Intelligence se unen con Organizaciones de Pueblos Indígenas y Comunidades Locales de la cuenca del río Caquetá impulsando decisiones informadas y empoderando a la comunidad para participar activamente en la definición de estrategias para un futuro sostenible.

Jupiter, the trusted leader in climate risk analytics, announced its renewed partnership with The Nature Conservancy (TNC) in Colombia, as part of The Jupiter Promise program. This collaboration aims to leverage expertise and combine efforts to cocreate strategies that address the impacts of climate change on indigenous communities within the vital, diverse and culturally rich Amazon region.

Jupiter, the trusted leader in climate risk analytics, today announced that as part of The Jupiter Promise program, it has partnered with the Institute of Himalayan Risk Reduction (IHRR), to help identify changing risks from extreme weather events and the impacts they pose to vulnerable communities across Nepal. 

Jupiter, the trusted leader in climate risk analytics, today announced significant enhancements to ClimateScore™ Global, the company’s climate risk analytics offering that provides decision-ready insights to understand exposure, predict operational and financial risks and build resilience to the impacts of climate change. 

Jupiter, the trusted leader in climate risk analytics, today announced a collaboration with Axionable, an award-winning sustainability and technology consulting group in France. The partnership provides joint customers in France and across Europe with best-in-class climate data and analytics from Jupiter and consulting services from Axionable, to assess the risks that climate change will have on their businesses and meet mounting regulatory disclosure requirements.

Jupiter, the trusted leader in climate risk analytics, today announced that Fannie Mae is using the company’s industry-leading product, ClimateScore™ Global, to assess the potential impacts of climate change on their mortgage portfolio backed by over 17 million U.S. single-family and multifamily residential assets.

FORVIS collaborates with Jupiter Intelligence on climate risk modeling platform

Jupiter announced a project with Fannie Mae to identify neighborhoods and communities most at risk from perils related to climate change as part of The Jupiter Promise program for historically marginalized communities.