riskthinking.AI

Canada-based riskthinking.AI algorithmically generates climate risk datasets covering the entire surface of the earth. The company's climate risk data leverages a patented multi-factor scenario generation algorithm that enables users to access historical and forecast model data from 1850 to 2100. Datasets are available to subscribers via an API.

The company’s Climate Risk Data is aligned with the Climate Risk Classification Standard (CRCS), a global standard that codifies climate and macroeconomic drivers, factors, and risks transparently. In addition, the company’s main platform offering includes CLIMATEWISDOM Data Exchange and Climate risk ratings. 1) CLIMATEWISDOM Data Exchange provides customers a central location to access geo-specific climate data. 2) Climate risk ratings are a climate risk score algorithmically generated from the company’s scenario-based climate risk stress test. Riskthinking.AI produces financial risk ratings and follows a bottom-up approach to create estimates of the financial impact caused by climate change.

Key customers and partnerships

In January 2021, riskthinking.AI entered into a strategic collaboration with Black Bean Capital, a private equity firm to set a new standard for pricing climate risk. In November 2021, the company partnered with BNY Mellon to apply its proprietary tools and platform, including CLIMATEWISDOM and CRCS, to facilitate a climate risk analysis for the latter. riskthinking.AI has also partnered with BMO, OS Climate, Shakudo, Planet, SADA, and Pachyderm, among others.

Funding and financials

In April 2022, Bloomberg made an investment in riskthinking.AI. Financial details of the round were not disclosed. The two companies also entered into a strategic partnership to explore climate financial risk modeling. The partnership with Black Bean Capital in January 2021 was also followed by an undisclosed equity investment.