Participated · Series B · Mar 2019

Jupiter provides probabilistic, hyper-local climate-risk analytics via its ClimateScore™ Intelligence Platform and specialized services (FloodScore™, HeatScore™, WindScore™, FireScore™, ClimateScore Global™) to public- and private-sector customers. Its subscription service offers access to nearly 150 trillion data fields produced using cloud-based supercomputing. Jupiter serves 30 companies in the Global 2000, the U.S. Department of Defense, and FEMA, and its analytics are used across at least 20 sectors of the global economy. The company reports protecting over $10 billion of physical assets and more than $1 trillion of financial assets for customers including asset managers, banks, insurers, energy firms, and governments. Jupiter plans to use new funding to accelerate sales and customer support expansion and to increase R&D investment to deliver additional value to current and future customers. The firm emphasizes helping organizations incorporate climate risk into capital planning, supply-chain management, asset valuation, and resiliency planning. Jupiter offers predictive data and analytics to help safeguard critical at-risk infrastructure from extreme weather, sea-level rise, storm intensification, and rising temperatures driven by climate change. Its ClimateScore™ Intelligence Platform provides dynamic, hyper-local, probabilistic risk analysis from the current hour to 50-plus years. Product lines include FloodScore™, HeatScore™, FireScore™ and WindScore™, used across regions worldwide. Customers span asset owners in critical infrastructure, insurance and banking, energy, real estate, and the public sector for applications such as capital planning, risk management, site selection, and shareholder disclosures. The company is finalizing development of its FireScore wildfire product and plans to deploy an expanded suite of solutions in the coming months. Jupiter said it will use new capital to expand operations and accelerate product development to meet evolving needs in new geographies and rising demand as the global economy recovers. Jupiter Intelligence offers asset-level climate-risk analytics and predictive data derived from satellite imagery and advanced climate and statistical models. Its toolkit produces probabilistic, insurance-grade forecasts that translate global climate models into localized peril predictions usable by insurers, cities, airports, ports, power plants, and other critical infrastructure. The company delivers mapping visualizations via Mapbox APIs and offers VR damage-visualization through a collaboration with Oculus. Founded in 2016 by Rich Sorkin, Eric Wun, Josh Hacker, and Alan Blumberg, Jupiter operates from offices in San Mateo, Boulder, and New York and serves clients including New York, Miami, federal agencies, and major insurers. With a new $23M financing and prior backing from DCVC and Ignition Partners, Jupiter is positioned to expand internationally to Rotterdam, London, and Singapore. The firm emphasizes quantifying uncertainty so risk managers can integrate actionable, asset-level predictions into planning and resilience investments. Jupiter's ClimateScore™ Intelligence Platform ingests petabytes of data from millions of ground-based and orbital sensors and applies physics-based models and automated machine learning to deliver hyper-local (street-by-street or individual building) predictions. Forecast horizons range from two hours to fifty years, and the company said it will launch FloodScore™ and HeatScore™ services to predict and manage flood and heat risks. Jupiter delivers asset-specific, dynamic climate assessments that factor in a changing climate rather than relying on historical stationarity assumptions, and includes verification and validation modules for statistical confidence. Customers and use cases called out include property developers, critical infrastructure operators, the public sector and insurance companies, with delivery via API, interactive maps, reports or custom consulting. The team includes climatologist Dr. Betsy Weatherhead and urban oceanographer Dr. Alan Blumberg, and advisors such as Todd Stern and Neal Wolin. Financially, Jupiter has raised seed and Series A financing totaling approximately $10 million to date.

Participated · Series B · Jun 2018

CAPE Analytics uses machine learning and computer vision to create instant property intelligence and attributes that traditionally required on‑site inspection. The company’s product is aimed at organizations that finance, insure, and invest in residential and commercial properties. Since its founding in 2014, CAPE has grown to serve over 50 subscription customers, including Hippo Insurance, Amica Insurance, and State Auto Insurance. The business plans to diversify its suite of data sources and partnerships, expand its coverage footprint across the U.S., Canada, and beyond, and grow its machine learning, data science, and risk teams. The company emphasizes rapid, scalable property insights for underwriting, valuation, and risk decisioning. The Series C funding will accelerate creation of new property insights for its growing client base. Cape Analytics applies computer vision and machine learning to geospatial imagery to produce property intelligence at the time of quote. Its platform delivers comprehensive property attributes with the accuracy of on-site inspection and the speed and coverage of property record pre-fill. The company maintains a historical database of over 90 million structures in the U.S., enabling time-series analyses, linking property characteristics to loss, and detecting property changes over time. Cape Analytics serves insurers and other property stakeholders, and is backed by leading venture firms and innovative insurers. Founded in 2014 and based in Mountain View, Calif., the company is staffed by experts in computer vision, data science, and risk analysis. It plans to accelerate development of solutions for property insurers leveraging geospatial analytics and other unique information sources. Cape Analytics uses computer vision and machine learning on geospatial imagery to create a structured database of property attributes for insurers and reinsurers. Its data includes building footprints, roof condition, nearby hazards, and other features, and covers over 70 million buildings across the United States. The product delivers instant property intelligence at the time of underwriting or quote, enabling more accurate pricing and faster online quotes with fewer consumer questions. Founded in 2014 and based in Mountain View, Calif., the company expanded coverage from Florida to nearly every single-family home in the country and has tripled headcount since its last financing. The fresh $17M will be used to expand sales and AI-centric product development teams in response to rapid customer interest and adoption. Cape Analytics also plans to explore expansion into new geographies and additional insurance applications to improve data quality used for insurers' critical decisions. Cape Analytics provides a cloud-based platform that uses geospatial imagery, computer vision and machine learning to automatically extract proprietary property data. Its API integrates with insurance carriers' quote engines to deliver near inspection-quality property feature data across entire portfolios. The data is intended to improve underwriting, speed and accuracy of quotes, and enhance the agent and customer experience. The company plans to use the funds to expand its engineering and sales teams and to bring its proprietary data platform nationwide. Cape Analytics was established in 2014 and is led by CEO Ryan Kottenstette and CTO Suat Gedikli. It is based in Palo Alto, CA, and maintains additional offices in Munich, Germany.

Participated · Equity · Sep 2017

Boost Insurance offers a full‑stack digital insurance infrastructure platform that supplies MGAs and brokers with underwriting, program management, claims administration, fronting carrier paper, dedicated reinsurance capacity, and turnkey policy administration technology. The platform includes Boost Data Insights for real‑time risk and performance analytics and Boost Re, the company’s segregated cell captive reinsurer. Boost powers configurable, tech‑enabled workflows delivered via low‑code APIs or a no‑code AMS portal and is fully SOC2 compliant. Since launching its first program in 2019, Boost has underwritten approximately $200 billion in coverage and has maintained a profitable portfolio of program business since inception. The company is backed by a panel of A.M. Best A or A‑ rated fronting carriers and over a dozen global reinsurers. Proceeds from the recent investment will support MGA program and customer growth, expansion of its suite of technology products and services, and select acquisitions. Boost Insurance offers a full-stack digital MGA and insurance infrastructure platform that packages compliance, capital, operations, and technology into a single API-based solution. Its platform includes a proprietary core policy administration system, full-service claims administration, active appointments from A.M. Best 'A' and 'A-' rated fronting carriers, and a panel of dedicated reinsurers providing 100% quota-share reinsurance behind supported programs. Boost enables partners to white-label or embed lines of business and claims to have powered its first program in 2019 and, since then, has enabled partners to provide over $110 billion of coverage. The company has a wholly owned subsidiary, Boost Insurance Agency, Inc., and holds delegated authority from leading global (re)insurers to build and manage personal and commercial lines P&C programs. Boost plans to deploy newly provided reinsurance and risk capacity across a diverse range of specialty insurance programs and will use recent financing proceeds to add features to its technology stack and launch a new risk transfer platform in the coming weeks. Founded in 2017 and led by CEO Alex Maffeo, Boost provides an integrated insurance-as-a-service platform that lets companies build, embed, and manage insurance programs via API integrations. Its API packages the operational, compliance, and capital components needed to deliver configurable insurance products within partners' front-end experiences. The company powers dozens of digital distribution clients across industries and stages, including Hippo, Aon’s CoverWallet, Cowbell Cyber, and Wagmo. Boost is licensed to produce any type of insurance across all 50 states. The company plans to expand its API platform features and roll out additional insurance products in 2021 in collaboration with partners. It intends to use new funding to accelerate platform growth, new product development, partner marketing, and to double its team over the next 12–18 months to support growth across insurtech and embedded partner channels. Boost Insurance offers an end‑to‑end IaaS platform that enables companies to quickly launch white‑labeled digital insurance products through API integration. The platform includes data‑driven product development, appointment by an 'A'‑rated carrier, dedicated risk capacity backed by global reinsurers, automated claims administration, compliance, and sophisticated analytics. Boost says partners can be live in a fraction of the one‑to‑four years it often takes with traditional insurers. The company plans to use the latest funding to launch new business lines and expand its API services. Boost recently launched a security‑deposit replacement program with LeaseLock and an SMB commercial cyber insurance program with Cowbell Cyber, and plans to roll out several new data‑driven products in 2020, including startup‑focused management liability, parental leave employer protection, pet insurance, and identity theft protection. Financially, Boost has raised a total of $17 million to date, including the new Series A. Boost Insurance USA operates an API-driven Insurtech Platform that streamlines go-to-market for insurtech startups and new insurance products. Led by founder and CEO Alex Maffeo, the company supports distribution, data analytics, underwriting, and claims workflows. Formed and incubated at IA Capital, Boost guides entrepreneurs through product development and regulatory processes and provides access to regulated insurance paper and risk capacity. It leverages partnerships with re/insurance leaders to offer paper and capacity to startups. The company is expanding the Boost Trusted Partner Network to centralize paper, capacity, and service providers. Boost plans to work with a select group of insurtech startups and begin rolling out new insurtech programs in early 2018.