Understory logo — company profile

Understory

Founded 2012 United States Madison, United States 19 employees Series A Total: $69.84M AI, Analytics +2

General Information

Company Name Understory
Founded Year 2012
Location United States Madison, United States +1
Employees 19
Industries AI, Analytics, Big Data +1
Funding Stage Series A
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About Understory

Understory is a United States-based startup founded in 2012, specializing in analytics, big data, and insurtech. The company's primary focus is on developing insurance solutions for the era of climate change. In June 2024, Understory secured a $15.00M Series A investment from Prelude Ventures and True Ventures. This significant investment is indicative of the confidence that these investors have in Understory's innovative approach to addressing the challenges posed by climate change in the insurance industry. The company's emphasis on leveraging analytics and big data to develop insurance products tailored for the changing climate landscape makes it a compelling and potentially lucrative investment opportunity for venture capitalists seeking exposure to the evolving insurtech sector.

Taxonomy: climate change, insurance solutions, risk assessment, weather data, insurance technology, startup, natural disasters, insurance industry, weather risk, resilience, climate resilience, weather monitoring, catastrophe risk

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 5
Investor Investor Investor Investor
•••• ••••
08 Sep 2025
Series A •••••• 2
Investor Investor
05 Jun 2024
Venture Round •••••• - 06 Jun 2023
Series B •••••• - 22 May 2020
Series B •••••• 3
Investor Investor
•••• ••••
09 May 2019

View All 10 Funding Rounds

Understory Alternatives & Competitors

Understory vs
Sprout, Inc
Sprout, Inc United States

Climate protection products for farmers around the world.

2 employees
Insurtech
Understory vs
Sola
Sola United States

Sola's mission is to close the natural disaster insurance gap with affordable coverage

Seed
23 employees
Information Technology
Understory vs

Building climate-smart insurance solutions

Series Unknown
22 employees
Financial Services, Insurtech
Also compare with: Understory vs Raincoat Raincoat

FAQ About Understory

Understory builds insurance solutions for the era of climate change.
Understory was founded in 2012.
Understory is headquartered in Madison, United States.
Understory operates in the following industries: AI, Analytics, Big Data, Insurtech.
Understory has approximately 19 employees.
Understory has completed 10 funding rounds, raising a total of $69.84M. The latest funding stage is Series A.
Top alternatives and competitors to Understory include Sprout, Inc, Sola, FutureProof Technologies , mistEO, SmartResilience. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Understory and Sprout, Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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