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Jupiter in the news

Press Releases
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Media Coverage

August 18, 2021
2021

Adapt Or Die: Preparing For The Next Phase of Climate Crisis

“When you’re down to adapt or die, most people will eventually adapt,” says Jupiter CEO Rich Sorkin in a wide-ranging interview about the future of climate resilience with Forbes. Are you and your firm prepared?

August 6, 2021
2021

The climate crisis is here. Are insurance companies keeping up?

“What I think is going to wind up happening is that the banks are going to be so far ahead of the insurance companies.” Marketplace talks to Jupiter CEO Rich Sorkin about the company’s efforts to push insurers to adapt to the realities of climate change using geospatial data.

May 27, 2021
2021

Business booms at climate risk start‑up as threat from extreme weather grows

The growing threat from extreme weather has businesses taking a greater interest in climate risk. In an exclusive report, The Washington Post explores Jupiter’s success working on resilience planning for organizations and how that has led to a 10‑fold increase in contracts at the start of 2021. The Post’s piece showcases Jupiter’s growing list of influential clients in the private and public sectors and looks at how Jupiter helps climate experts, businesses, and governments prepare for climate change.

April 25, 2021
2021

Betting on Florida real estate could be a big mistake

Rising sea levels threaten Florida property values over the next few decades, and “almost none of this risk is reflected in prices,” says Jupiter CEO, Rich Sorkin. Business Insider investigates the looming crisis, turning to Jupiter’s special report on the situation in Miami-Dade for insight.

April 22, 2021
2021

Biden taps ocean scientist Rick Spinrad to run NOAA

Jupiter would like to congratulate Rick Spinard on his new role as head of NOAA. “His exemplary record previously leading NOAA Research and the National Ocean Service will prove important in NOAA’s forward progress and leadership in both oceanographic and atmospheric endeavors as well as any responsibility NOAA may have for a National Climate Service, which Jupiter also strongly supports,” CEO Rich Sorkin told the Washington Post.

April 15, 2021
2021

Lloyd’s Lab announces its sixth cohort with a focus on product simplification and climate

Jupiter is excited to have been selected to join Cohort 6 of the exclusive Lloyd’s Lab accelerator. Our selection as one of eleven companies out of almost 200 applicants makes a strong statement about the important role of climate analytics in the insurance sector more broadly, and specifically at Lloyd’s—the insurance capital of the world.

April 1, 2021
2021

Extreme Winter Weather Causes Texas Risk Crises

“Out-of-date assumptions need to be updated. Severe events are happening more frequently and with greater impact already, and continuing to get worse at an accelerating rate.” Jupiter CEO Rich Sorkin speaks with Risk Management Magazine about the lessons learned from the 2021 Texas blackouts.

March 17, 2021
2021

Texas Freeze Triggers Global Plastics Shortage

The February 2021 Texas power outages brought the world’s largest petrochemical complex to a standstill, forcing more plants in the Gulf of Mexico region to shut down than during Hurricane Harvey. Jupiter has been monitoring the risks to Texas’s industries for some time. Now, The Wall Street Journal speaks with CEO Rich Sorkin for Jupiter’s insight into the existing and evolving challenges the Gulf region faces.

March 5, 2021
2021

Insurance companies face a climate reckoning

Climate & Capital Media highlights Jupiter’s report on flood risks in Miami-Dade County and the benefits of the “high-definition” climate risk modeling that Jupiter provides.

Press Releases

October 21, 2021
2021

Jupiter Announces $54 Million in New Funding

The Series C Financing is co-led by Clearvision Ventures and MPower Partners. Jupiter now provides analytics to 30 companies in the Global 2000, U.S. Department of Defense and FEMA to understand the impact of climate change on their physical infrastructure and supply chains, risks to financial portfolios, and vulnerabilities to human health and safety, and to protect over ten billion dollars of physical assets and more than a trillion dollars of financial assets.

September 29, 2021
2021

Jupiter to Partner with San Jose State University to Accelerate Wildfire Research

Jupiter will join insurance and utility industry leaders along with the Lawrence Livermore National Laboratory and others in a program at San Jose State University’s Wildfire Interdisciplinary Research Center (WIRC).

September 14, 2021
2021

Jupiter Announces Strategic Investment from ESG-Focused MPower Partners

Jupiter announced a major expansion of its work in Japan—adding an industry leading Japan-based venture investor MPower Partners. MPower is Japan’s first ESG-focused global venture capital firm and the first female-led VC firm in Japan.

August 9, 2021
2021

Acclaimed Researcher in Extreme Weather and Climate Dr. Adam Sobel Joins Jupiter Board of Advisors

The Columbia Professor of Earth and Environmental Sciences, Applied Physics, and Applied Mathematics, author, and podcast host further strengthens Jupiter’s unmatched scientific expertise. “We are excited that Adam will bring his knowledge and enthusiasm to continue our efforts at providing the economy with the best science possible,” said Josh Hacker, Jupiter’s Chief Scientist and Co-founder.

August 2, 2021
2021

Pioneering Construction and Engineering Lawyer Josh Leavitt Joins Jupiter Board of Advisors

Leavitt is a legal pioneer on emerging standards of care in the construction and engineering design resiliency of structures that are threatened by extreme weather from climate change as well as the legal ramifications of failing to adapt to climate change.

July 27, 2021
2021

Sumitomo Mitsui Banking Corporation (SMBC) enhances its climate change scenario analysis on physical risks with Jupiter technology

In collaboration with MS&AD InterRisk Research & Consulting, the goal of the enhancement is to resolve the lack of scientific data and completeness in terms of subject regions, and other issues regarding climate change scenario analysis.

June 23, 2021
2021

Guidehouse and Jupiter Intelligence Announce Strategic Alliance to Help Utilities Quantify Climate Risk and Build Resilience

The alliance combines Guidehouse’s utility industry expertise with Jupiter’s global-scale analytics platform to provide clients with a comprehensive and transparent climate change risk assessment as a key part of an advanced integrated planning strategy.

May 11, 2021
2021

Jupiter Accelerates U.S. Federal Government Initiatives

As the Biden-Harris administration renews its commitment to addressing climate change, Jupiter also announced its support for greater federal coordination of climate information services, emphasizing the need for better governance and the formation of a new Federal Climate Service (FCS). Jupiter’s public sector work has accelerated under the new administration, with risk planning and resilience projects underway or complete with the U.S. Department of Defense, U.S. Department of Housing and Urban Development, and multiple other entities within the Executive Branch as well as grant funded work with the National Science Foundation and NASA.

January 28, 2021
2021

Jupiter Celebrates a Year of Company Milestones and Anticipates Significant Market Demand and New Engagements Under Biden Administration

Despite the impact of the global pandemic, Jupiter added several new marquee customers in the past year and looks forward to the Biden Administration’s investments and policies in science, greenhouse gas reduction, and resilience.

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