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True Flood Risk logo — True Flood Risk is an AI-driven climate analytics solution f...

True Flood Risk

True Flood Risk is an AI-driven climate analytics solution for flood risk. Our patented flagship tool estimates FFH/LFE.

Founded 2018 United States New York, United States 5 employees Grant Total: $570.00K Analytics, Insurtech +1

General Information

Company Name True Flood Risk
Founded Year 2018
Location United States New York, United States +1
Employees 5
Industries Analytics, Insurtech, SaaS
Funding Stage Grant
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About True Flood Risk

True Flood Risk is a pioneering AI-driven climate analytics startup that focuses on assessing flood risk. Established in 2018 and headquartered in the United States, the company's flagship tool, which is patented with US Patent No 11,120,557, estimates first floor height (FFH) and lowest floor elevation (LFE) for over 200M residential and commercial properties globally. True Flood Risk's value proposition lies in providing property-level data, including first floor elevation and basement presence, along with flood zone information. This data is utilized by various stakeholders, from homeowners, real estate professionals, and mortgage lenders to insurance and marketing departments. Additionally, local governments can leverage this data to understand areas most at risk due to flooding. The company's products include property-level data, enterprise dashboards visualizing proprietary data alongside trusted 3rd party data, and market reports presenting overviews on first floor elevation data by state, county, or zip code. With its recent $300.00K grant investment from RISE on 30 March 2023, True Flood Risk is well-positioned to further develop its innovative solutions in the analytics, insurtech, and SaaS industries.

Taxonomy: AI-driven climate analytics, flood risk management, property-level data analysis, floodplain management, geolocation intelligence, insurance underwriting, real estate risk assessment, emergency response, flood monitoring, data visualization, market reports, community vulnerability assessment, flood insurance premiums, emergency communication

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• 1
Investor
30 Mar 2023
Pre Seed Round •••••• 1
Investor
28 Mar 2023
Grant •••••• - 25 May 2021

FAQ About True Flood Risk

True Flood Risk is an AI-driven climate analytics solution for flood risk. Our patented flagship tool estimates FFH/LFE.
True Flood Risk was founded in 2018.
True Flood Risk is headquartered in New York, United States.
True Flood Risk operates in the following industries: Analytics, Insurtech, SaaS.
True Flood Risk has approximately 5 employees.
True Flood Risk has completed 3 funding rounds, raising a total of $570.00K. The latest funding stage is Grant.

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