True Flood Risk

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

General Information
Company Name
True Flood Risk
Founded Year
2018
Location (Offices)
New York, United States +1
Founders / Decision Makers
Number of Employees
5
Industries
Analytics, Insurtech, SaaS
Funding Stage
Grant
Social Media

True Flood Risk - Company Profile

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 of True Flood Risk (3)

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Funding Stage Amount No. Investors Investors Date
Grant $300.00K 1 30 Mar 2023
Pre Seed Round $120.00K 1 28 Mar 2023
Grant $150.00K - 25 May 2021

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