Primo Capital is a venture capital firm focused on seed and early stage startups. The firm is a multi-fund investment company, with four different investment practices with dedicated funds on specialized strategies. Primo Capital invests in digital/software, new space, climate technology and healthcare.

Primo Capital

Exor Ventures is the venture capital arm of Exor, one of Europe's largest diversified holding companies. Exor Ventures focuses on early and growth-stage investments in technology-driven companies across various sectors, including digital services, fintech, cybersecurity, and mobility. Exor Ventures leverages its strategic insights and global network to identify promising startups with disruptive potential and supports them through funding, mentorship, and access to its extensive resources.   EXOR Seeds offers a truly different type of partnership to the select group of entrepreneurs that it backs: - As a fifth-generation family-led business, we proved that we are builders not traders; - Our permanent capital allows us to take a long-term view and put the interest of the companies We invest in first; - Our global network, across industries and geographies, is a unique advantage to entrepreneurs

Exor Ventures

Eoliann

Eoliann leverages satellite data and proprietary ML algorithms to forecast the probability and impact of specific climate risk events to improve insurance policy creation and prudential disclosure on ESG risks.

Eoliann, established in June 2022 in Italy as a benefit corporation, develops solutions to quantify and forecast climate event risks for businesses and financial institutions. The company has created an API infrastructure that connects to satellite data sources from the European Space Agency and NASA to process and analyze information about natural disasters. Using proprietary machine learning algorithms and data science capabilities, Eoliann processes large quantities of data to predict the probability and impact of catastrophic natural events while accounting for climate change effects. The technology aggregates and analyzes multiple data sources, including satellite data, to provide analytics on territory and infrastructure conditions.&nbsp;

Climate Risk Analytics

Eoliann Raises €1.35M in Funding

Eoliann, established in June 2022 in Italy as a benefit corporation, develops solutions to quantify and forecast climate event risks for businesses and financial institutions. The company has created an API infrastructure that connects to satellite data sources from the European Space Agency and NASA to process and analyze information about natural disasters. Using proprietary machine learning algorithms and data science capabilities, Eoliann processes large quantities of data to predict the probability and impact of catastrophic natural events while accounting for climate change effects. The technology aggregates and analyzes multiple data sources, including satellite data, to provide analytics on territory and infrastructure conditions.&nbsp;Key customers and partnershipsTerna became Eoliann's first customer in October 2023 after selecting the company among the top 10 finalists of the "Data Science for resilience" program. In December 2023, the company formed a strategic partnership with NTT DATA. In April 2024, Eoliann established a partnership with the European Space Agency through the InCubed program.&nbsp;

Tomorrow.io (formerly called ClimaCell) is a short-term weather analytics platform, serving businesses across a wide range of industries, including aviation, energy, insurance, on-demand companies, professional sports and venues, and logistics, as well as government agencies globally.The company’s proprietary Weather and Climate Security platform uses machine learning to translate hyperlocal forecasts into actionable insights for business decision-making. The platform aggregates real-time data from existing numerical weather prediction models to provide customized climate risk dashboards and alerts for businesses using AI and machine learning. Tomorrow.io’s key value proposition is its five-day advanced warning on adverse weather.In May 2023, the company launched its first satellite, Tomorrow-R1, the world’s first commercially built weather-radar satellite. Tomorrow.io launched a second satellite (R2) in <a href="https://sp-edge.com/updates/19726">June 2023 </a>. This makes Tomorrow.io the first company to launch precipitation radar-equipped satellites following NASA’s GPM satellite.Key customers and partnershipsTomorrow.io was serving 1,000+ customers as of November 2022, which included some high-profile clients such as Microsoft, Uber Technologies, Ford Motor Company, Delta Airlines, JetBlue Airways, National Grid and the U.S. Air Force.&nbsp;&nbsp;

Tomorrow.io

Climavision offers an AI-powered radar-as-a-service solution to provide real-time weather prediction models and analytics. Climavision was a spin-off of Enterprise Electronics Corporation (EEC), a weather radar and satellite service provider. The company develops a private network of weather radars and satellites to fill in the coverage gaps across existing National Oceanic and Atmospheric Administration (NOAA) and National Weather Service (NWS) systems. This reportedly allows Climavision to collect additional data points to provide more accurate weather predictions than those solutions that only use legacy weather data.Climavision’s product offering includes Radar-As-A-Service (RaaS), Numerical Weather Prediction with GPS Radio Occultation (RO), and Numerical Weather Prediction with GPS-RO+ Radar. 1) RaaS provides real-time weather data, via Climavision's proprietary sensing network. 2) Numerical Weather Prediction with GPS-RO is a numerical weather prediction model. 3) Numerical Weather Prediction with GPS-RO+ Radar leverages the real-time power of Climavision’s sensing network. In <a href="https://sp-edge.com/updates/21793">September 2023</a>, Climavision installed its weather X-Band weather radar system in Alabama, to fill a low-level coverage gap in the Appalachian Plateau region. &nbsp;In <a href="https://sp-edge.com/updates/30169">June 2024</a>, the company launched a new product suite called Horizon AI to support the renewable energy sector. The suite improves the accuracy and scope of forecasting models by integrating machine learning and AI-based tools.In <a href="https://sp-edge.com/updates/30156">May 2024</a>, Climavision acquired Intersphere, a sub-seasonal to seasonal (S2S) weather forecasting platform (up to a year in advance), to enhance AI-powered weather prediction.&nbsp;Key customers and partnershipsIn June 2022, the company partnered with GE Digital, a provider of machine data to produce analytics and insights, to support the latter’s customers, improve their weather prediction ability, and better plan for severe storm events. Previously, in February 2022, the company added Cargill, a food and agricultural company to its customer portfolio.In June 2021, Climavision also entered into a strategic collaboration with GeoOptics, an Earth remote-sensing provider, to improve its weather forecasting solutions.&nbsp;

Climavision

Jupiter Intelligence provides climate risk analytics solutions across private and public sectors by incorporating AI and machine learning for predictive climate modeling. Jupiter covers a range of natural disasters such as flood, wind, heat, cold, wildfire, drought and water stress, hail, and extreme precipitation.As of 2024, Jupiter worked with 25% of the world's largest companies including 15% of the Global 100, two of the largest banks in the US, and 50% of the largest lenders in the US. The company serves across 20 sectors including banking, chemicals, insurance, pharmaceuticals, agriculture, and construction and provides customers with access to nearly 150 trillion data fields using cloud-based supercomputing. The company offers its risk analytics solutions via web-based applications, reports, through an API, and consulting engagements.&nbsp;Jupiter’s ClimateScore Intelligence Platform claims to predict natural disasters from one-hour to 50+ years in advance. The company also offers a ClimateScore Planning suite, which includes FloodScore, HeatScore, WindScore, FireScore and ClimateScore Global solutions for climate risk assessment.&nbsp;Key customers and partnershipsIn June 2022, the company partnered with Boston Consulting Group (BCG) to incorporate Jupiter’s climate analytics into BCG’s ClimateImpact.AI platform. In August 2022, Jupiter collaborated with Aon, a professional services firm, to address climate change for financial institutions’ balance sheets, identification of climate risks, and quantification of climate-related disclosure regulations. In January 2023, the company partnered with&nbsp;<a href="https://sp-edge.com/updates/15706">FORVIS</a>, an accounting and advisory company, to develop a climate risk modeling tool. In March 2024, Jupiter entered into a strategic agreement with&nbsp;<a href="https://sp-edge.com/updates/27657">Jones Lang LaSalle (JLL)</a>, an NYSE-listed real estate and investment management company, to provide AI-powered climate risk analytics for properties and portfolios. In&nbsp;<a href="https://sp-edge.com/updates/33631">September 2024</a>, the company partnered with DNV, an assurance and risk management provider, to launch climate-driven hail risk service for solar PV across North America.&nbsp;Jupiter’s customers include Hawaiian Electric, Zurich, conEdison, bp, Liberty Mutual, QBE, MS&amp;AS Insurance, Terna, Bephila, New York City, City of Miami, NASA, Astra Zeneca, JLL, Orsted, Shell and US Department of Housing and Urban Development.

Jupiter Intelligence

ClimateAI provides climate risk modeling solutions across global supply chains. The company states that its digital platform monitors short-term, seasonal, and long-term climate risks, ranging from one day to 50+ years into the future. ClimateAI’s proprietary AI modeling platform optimizes supply chain operations from production planning, demand estimation, and inventory management to ensure minimum climate disruption across supply chains. In July 2021, the company also launched its Enterprise Climate Planning (ECP) platform, to quantify climate impacts and provide business-specific insights in order to mitigate climate risks across supply chains.In April 2024, the ClimateAI launched its ClimateLens Monitor Yield Outlook. This solution offers climate-driven yield forecasts for several commodity crops, including corn, potato, canola, oats, hops, soybeans, sorghum, wheat and barley, and also provides insights on the climate factors driving the variability.Key customers and partnershipsAs of April 2024, the company had worked with over 50 food and agricultural companies to provide seasonal and sub-seasonal weather forecasts and agronomic risk expertise.&nbsp;

ClimateAi

Floodbase (formerly Cloud to street (C2S)) is a flood intelligence platform powered by satellites, machine learning, and on-the-ground observation data to track flood-events in real time. The company’s proprietary satellite imagery, historical data, and flood modeling provide governments and insurance companies with precise data to monitor people and assets at risk, identify blocked roads, and measure property and agricultural damage. The company utilizes 15 satellites to gather flood data.&nbsp;Floodbase also offers a Global Flood Database, a free and an open-sourced platform, which has mapped over 900 flood events across 169 countries globally as of August 2024.&nbsp;Key customers and partnershipsFloodbase supported 28 governments and institutions as of November 2022. The company’s customers include WillisRe, an insurance subsidiary of Willis Towers Watson. WillisRe adopted C2S’s platform to optimize its actuarial models in markets like Indonesia.&nbsp;In June 2022, the company partnered with two parametric insurance platforms, Raincoat and Munich Re Group, to deploy the world’s first parametric flood insurance program. Since then, Raincoat has leveraged Floodbase’s flood data to develop a platform that allows payouts to insured farmers within days of a disaster. In October 2023, the company partnered with&nbsp;<a href="https://sp-edge.com/updates?industryIds=124">Ag Guard</a> to provide parametric flood insurance programs for farmers and governments in Australia and New Zealand in 2024. In December 2023, Floodbase collaborated with&nbsp;<a href="https://sp-edge.com/updates/24786">Oneglobal</a>, a UK-based insurance broker, to provide flood insurance solutions for the Asian market.&nbsp;In January 2024, the company partnered with&nbsp;<a href="https://sp-edge.com/updates/25834">Capella Space</a>, a space tech firm, to leverage high-resolution satellite data for parametric insurance payouts. In August 2024, Floodbase partnered with&nbsp;<a href="https://sp-edge.com/updates/32691">Amwins</a>, a specialty insurance distributor, to launch the Tees-to-Green flood insurance program for US golf courses, and in&nbsp;<a href="https://sp-edge.com/updates/34663">October 2024</a> launched a flood insurance program for California municipalities.&nbsp;&nbsp;

Floodbase

Forecasts weather for up to 14 days by using AI/ ML solutions

Forecasts weather for up to 14 days by using other next-generation solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using AI/ ML solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using other next-generation solutions

Provides long-term climate risk analytics to cover the gap in traditional insurance products

Provides climate risk scores for third-parties

Uses AI/ML tools to forecast climate risks for up to ~50–80 years

Provides tools to identify future hazards to protect industries like agri and insurance

Eoliann

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