Jupiter Announces $54 Million in New Funding
To Deliver Resiliency to Every Sector of the Global Economy with Actionable Climate Analytics
Jupiter now provides analytics to 30 companies in the Global 2000,
The world’s largest asset managers, banks, chemical companies, cities, consulting and accounting firms, data centers, defense agencies, emergency managers, energy companies, insurers and reinsurers, pharmaceutical and resource companies, and wine producers rely on Jupiter’s advanced technology and climate science.
The new investment will be used to accelerate the company’s rapid expansion in sales and support to meet increasing customer demand, especially in the 20 sectors of the global economy where Jupiter is already the leading supplier. Jupiter also will use the funds to accelerate investment in R&D to deliver more value to Jupiter’s current and future customers, who have subscription access to nearly 150 trillion data fields, produced using cloud-based supercomputing.
“Investments from leaders across the globe, representing every sector of the economy, reflect the growing recognition that organizations need powerful analytic tools to invest in resilience to reduce the impacts and risks from climate change,” said
The biggest new investors in the funding were CDPQ, a global investment group, Japanese venture firm
“With its technology, Jupiter has become a market leader in climate risk analytics, helping businesses in various industries such as asset management, banking, energy and governments better understand and address the impacts of climate change,” said
Existing investors
“Too many organizations are still ill-prepared for the accelerating effects of climate change. Jupiter continues to attract outstanding people and financial resources to help minimize the worst impacts,” Sorkin added. “Our Series C funding is the latest milestone in Jupiter’s growth and will help us address humanity’s most pressing problem.”
About Jupiter
Jupiter is the global market, science, and technology leader in physical climate analytics for risk management and resiliency planning. Its analytics are used across the private and public sectors: customers include at least one of the world’s five largest firms in asset management, banking, chemicals, insurance, minerals and mining, oil and gas, pension funds, pharmaceuticals, power, and reinsurance—as well as critical departments and agencies within both
Jupiter offers commercial services to asset owners in critical infrastructure, financial services including insurance, banking, and asset management, energy, and real estate, and the public sector. These customers use Jupiter services for a broad range of applications, including capital planning, risk management, site selection, design requirements, supply chain management, investment and asset valuations, and shareholder disclosures. For more information, please visit jupiterintel.com.
Media Contact:
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Source: Jupiter
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