KatRisk Secures Investment from TA to Accelerate Innovation and Growth
KatRisk, a leading global catastrophe modeling software company, is pleased to announce a significant strategic growth investment from global private equity firm
Founded in 2012, KatRisk is a provider of industry leading simulation software designed to quantify risk from global weather extremes, such as floods, storm surges, hurricanes, hail, wildfires and tornadoes. The Company’s innovative solutions, including SpatialKat and SoloKat, are used by some of the largest insurance, reinsurance and financial services companies around the world to assess potential catastrophe impacts.
"We couldn’t be more excited to work alongside TA to expand our product offerings and better serve our clients with additional resources,” said
“TA’s investment shows deep confidence in our solutions and further validates our mission to deliver exceptional value to clients on a daily basis,” said
“We are deeply impressed by KatRisk’s best-in-class catastrophe modeling software, and believe the Company is uniquely positioned to drive meaningful impact at scale,” said
“TA has a long history of partnering with founder-owned software companies and decades of sub-sector expertise in risk management and simulation modeling, particularly businesses focused on natural catastrophes and global climate change like our recent investment in Technosylva,” said
About KatRisk
KatRisk is a leading catastrophe modeling software company with more than 70 global clients. Founded in 2012, KatRisk quantifies risk from global weather extremes, such as floods, storm surges, hurricanes, hail, wildfires, and tornadoes. KatRisk’s industry leading simulation software platform SpatialKat allows customers to model the impacts of climate change, such as sea level rise and changes in extreme precipitation. KatRisk's unique open data platform and category-leading low execution times make it possible for insurance, reinsurance & financial services companies to assess potential catastrophe impacts on portfolio management & underwriting decision-making. For more information, visit www.katrisk.com.
About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised
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