True Flood Risk

True Flood Risk

Climate Data and Analytics

New York, NY 223 followers

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

About us

True Flood Risk is mission driven company pioneering the next generation of geolocation intelligence for flood risk. Our patented flagship solution (US Patent No 11,120,557) calculates the structural height, often called first floor height (FFH) or lowest floor elevation (LFE), for over 200M residential and commercial properties globally. Our AI-driven climate analytics platform provides floodplain managers, insurers, property owners, renters, real estate professionals and mortgage lenders key insights on understanding property-specific flood risk. Our Value Proposition: Property-level data, specifically, first floor elevation & presence of a basement, coupled with flood zone, are the leading indicators of flood risk. Current & prospective homeowners use data to understand a home’s flood risk; Mortgage & insurance pros use property-level data for underwriting, expedite online quotes, claims dept identify part of portfolio at risk before incoming weather events, notify customers to relocate high value assets (customer engagement). Marketing departments can use data to target specific properties. Local gov’t can understand areas of community most at risk due to flooding. Description of Product(s): Property-level data: Roof pitch, structure type, # of floors, presence of a basement, structural height (intl)/first floor elevation, FFE (US), flood risk score, resilience score, flash flooding simulations, real estate values at risk, cost-benefit analysis on mitigation strategies, neighborhood comparison, data available as a single address API query, batch processing for desktop or mobile users; Enterprise dashboard: visualizes proprietary data with trusted 3rd party data from USGS, FEMA, NOAA; Market reports: market overview on FFE data by state, county or zip code.

Industry
Climate Data and Analytics
Company size
2-10 employees
Headquarters
New York, NY
Type
Privately Held
Founded
2018
Specialties
climate finance, mitigation and adaptation, flood insurance, climate tech, data analytics, software, location intelligence, emergency response , and flood risk

Locations

Employees at True Flood Risk

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Funding

True Flood Risk 3 total rounds

Last Round

Grant

US$ 300.0K

Investors

RISE
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