Class 3 Technologies is a San Francisco–based spin-out from global engineering firm Arup that transforms deep structural-engineering know-how into scalable SaaS. Its flagship platform, Iris, converts advanced damage-and-loss models into actionable insights, allowing users to quantify individual building vulnerabilities and simulate the benefits of resilience interventions against earthquakes, extreme weather, and other climate-driven hazards. By providing granular, component-level assessments that go beyond high-level insurance averages, Iris helps corporations, real-estate owners, developers, and insurers make confident site-selection, acquisition, retrofit, and design decisions. The product has already been adopted in stealth by leading technology companies, investors, and consultants. Management is led by founder and CEO Ibbi Almufti, a former head of Arup’s Risk and Resilience practice, and is supported by a team with enterprise B2B SaaS and venture-building experience. With fresh seed capital, the company plans to scale Iris’s reach and accelerate product development to catalyze global climate-resilience action.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2025