Floodbase

Overview
News
Climate Risk Analytics?
Product stageSegments
Early
?
Short-term weather analytics: AI/ML
?

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.

Floodbase also offers a Global Flood Database, a free and an open-sourced platform, which has mapped nearly 913 flood events across 169 countries globally as of November 2022.

Key customers and partnerships

Floodbase 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.

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 Ag Guard to provide parametric flood insurance programs for farmers and governments in Australia and New Zealand in 2024. In December 2023, Floodbase collaborated with Oneglobal , a UK-based insurance broker, to provide flood insurance solutions for the Asian market. In January 2024, the company partnered with Capella Space,, a space tech firm, to leverage high-resolution satellite data for parametric insurance payouts. In August 2024, Floodbase partnered with Amwins, a specialty insurance distributor, to launch the Tees-to-Green flood insurance program for US golf courses.

Funding and financials

The company’s most recent funding was in January 2023, when it raised USD 12 million in a Series A funding round led by Lowercarbon Capital, alongside participation from Collaborative Fund, Floating Point, and Vidavo.



HQ location:
147 Prince St New York NY USA
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 12.0 mn
Last Funding:
USD 12.0 mn (Series A; Jan 2023)
Last valuation:
-
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