One Concern

Overview
Activities
News
Climate Risk Analytics?
Product stageSegments
Early
?
Long-term climate risk analytics: AI/ML
?

One Concern is a climate analytics company that develops a digital twin of Earth for climate and disaster resilience. The company leverages AI, machine learning, and climate resilience modeling frameworks to support organizations better understand and take proactive measures to mitigate physical climate risks.

One Concern’s product offering includes One Concern Dominion, One Concern DNA and One Concern Ready. The company’s flagship product One Concern Dominion is a digital twin of the Earth which models the effect of natural disasters on communities and predicts which assets will fail first during natural disasters. One Concern DNA offers climate resilience data and analytics for asset-level portfolio analysis, precision risk selection, asset valuation, and risk pricing. One Concern Ready generates flood predictions and earthquake damage estimates.

Key customers and partnerships

In June 2022, One Concern entered into a strategic alliance with WTW, an advisory, broking and solutions provider, to provide the US insurance market with One Concern Resilience Score, for adoption of parametric insurance caused from physical climate risks. In August 2020, One Concern partnered with SOMPO Holdings, a Japanese insurance company, to leverage AI-enabled climate resilience technologies across the Japanese market. 

As of November 2022, One Concern was offering curated datasets for businesses, with plans to go public in late 2022.

Funding and financials 

In June 2021, One Concern raised USD 45 million in a venture round led by SOMPO Holdings. The investment was part of a USD 100 million, multi-year agreement to integrate One Concern’s platform into the Japanese market. 

HQ location:
855 Oak Grove Ave Menlo Park CA USA
Founded year:
2015
Employees:
51-100
IPO status:
Private
Total funding:
USD 119.2 mn
Last Funding:
USD 45.0 mn (Series Unknown; Jun 2021)
Last valuation:
-
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