EHAB

UK-based EHAB is a weather risk management platform for the construction sector. The company combines hyper local weather data with AI and machine learning for predictive analysis. 

Key customers and partnerships

EHAB, lead partner on The Weather Ledger, a collaborative 12-month project funded by Innovate UK, brings together innovators leveraging distributed ledger technology (DLT) and IoT for weather risk management across the construction industry. The company partnered with BAM Nuttall and Ferrovial Construction to conduct initial pilot runs of this solution at five construction sites across the UK. The Weather Ledge project led to the creation of the EHAB Weather Risk Management platform.

Clyde & Co provided EHAB with inputs to build EHAB’s legally compliant “smart contracts” solution. Smart contracts support construction companies by eliminating weather risk uncertainty, saving administrative costs, and reducing delays and are stored on a blockchain or distributed ledger. EHAB has also entered into an insurtech partnership with Liberty Specialty Markets to manage weather-related construction risks. 

Funding and financials

In January 2021, the company raised GBP 150,000 (USD 173,000) in a pre-seed funding round led by Suss Ventures. Previously, in October 2020, EHAB raised GBP 320,000 (USD 369,000) in a similar funding round led by Insurtech Gateway. The proceeds were to be used to scale up EHAB’s Proprietary Weather Risk Management platform and smart contracts.