Extreme Weather Solutions Are Getting Hot
The Signal: In 2021, investment in climate tech rose ~75% YoY, from $15.3B to $26.7B. The number of weather-related disasters occurring globally has increased by 500% since 1971.
Scientists warn that record-breaking heat waves will be more likely, wildfire seasons will be longer, hurricanes will be more intense, and flooding will be more frequent.
As these changes play out, extreme-weather-related solutions are drawing VC interest:
- Climavision (advanced weather prediction): $100m in total funding
- Understory (severe weather insurance): $29.7m
- Safehub (earthquake damage analytics): $9m
- OroraTech (satellite-based wildfire monitoring): ~$8.9m
- Firemaps (3D mapping of properties to identify wildfire risks): $5.5m
- Frontline Wildfire Defense (water-foam sprinklers for buildings): $3m
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