Floodbase

Floodbase

Provides flood data for parametric insurance

Overview

Floodbase provides data solutions that support the design and activation of parametric flood insurance for insurers, governments, and vulnerable communities. The platform works by combining near real-time monitoring and peak flood analysis with decades of historical data to trigger insurance payouts based on specific flood conditions. Unlike traditional providers, Floodbase focuses on closing the protection gap for underserved regions by lowering the scientific and financial barriers to flood risk information. The company's goal is to provide the reliable data necessary to help at-risk populations prepare for and recover from climate-related disasters.

About Floodbase

Simplify's Rating
Why Floodbase is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Financial Services

Company Size

11-50

Company Stage

Early VC

Total Funding

$37.6M

Headquarters

New York City, New York

Founded

2015

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Simplify's Take

What believers are saying

  • Liberty Mutual partnership launched instant US parametric flood quoting in March 2026.
  • Yokahu deal brings automated flood coverage to New Orleans businesses since April 2025.
  • $5M funding from Ecosystem Integrity Fund raised total to $17M for global expansion.

What critics are saying

  • ZestyAI seizes US market share with property-level imagery in Florida within 6-12 months.
  • Rising NFIP premiums spur insurers' in-house solutions using public data in 12-24 months.
  • Sixfold-INFORCE AI automation displaces Floodbase API in underwriting within 12-18 months.

What makes Floodbase unique

  • Floodbase pioneered satellite flood tracking featured on Nature cover in 2021.
  • Aggregates imagery from 15 satellites to detect floods through cloud cover.
  • Powers parametric insurance payouts based on flood magnitude over large areas.

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Funding

Total Funding

$37.6M

Meets

Industry Average

Funded Over

6 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Parental Leave

Retirement Plan (e.g., 401K)

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
Liberty Mutual Re
Mar 13th, 2026
Parametric flood coverage.

Parametric flood coverage. * Published on 13 March 2026 Liberty and Floodbase have partnered to offer you an innovative parametric insurance designed to mitigate losses from flood events, enhance risk management and increase flood resilience. Liberty Mutual Group underwrite worldwide Parametrics & Agriculture business from its Paris office and offer a wide spectrum of parametric solutions, helping you close the insurance gap and leverage emerging technologies.

PropertyCasualty360
Mar 2nd, 2026
Who's using what in P&C insurance: March 2, 2026

Who's using what in P&C insurance: March 2, 2026. Insurance technology news from Floodbase, Sixfold, Southern Oak Insurance Company and more. Floodbase and Liberty Mutual have launched an instant quoting application for parametric flood (re)insurance in the U.S. This solution allows wholesale and retail brokers to price parametric flood covers in minutes, removing friction and introducing the speed required to serve the high-volume small to midsized commercial market more effectively. Designed specifically for the U.S. market, Liberty's pricing engine, powered by Floodbase's new API, revolutionizes a traditionally time-consuming and demanding quoting process to deliver the speed and consistency that distributors need. Sixfold has partnered with INFORCE, a leading systems integration firm specializing in digital transformation for the insurance industry. INFORCE has integrated Sixfold's AI solution into its suite of services to help insurers drive greater automation, efficiency and decision accuracy across underwriting workflows. Southern Oak Insurance Company and Lilypad-Centauri Insurance selected ZestyAI to bring greater structure-level intelligence to risk selection and portfolio oversight. By applying computer vision and machine learning to aerial imagery, building permits and verified property data, ZestyAI enables carriers to see risk at the individual property level, particularly in volatile, catastrophe-prone states like Florida. New Zealand's Medical Assurance Society has chosen Duck Creek Technologies as their new core insurance delivery technology provider for their general insurance business. The move to Duck Creek's SaaS platform comes as part of MAS' business-wide, technology- and digital-led strategic initiative to enhance member experiences, provide more enhanced products and services to meet changing member needs and increase operational efficiency. Cytora has partnered with The Warren Group, a leading provider of real estate and financial data. This collaboration integrates The Warren Group's comprehensive property intelligence directly into the Cytora platform, allowing commercial insurers to automatically enrich submissions with detailed ownership, transaction and mortgage history at the point of underwriting. This partnership empowers underwriters to validate property details, assess financial encumbrances and identify potential risks such as pre-foreclosures with greater speed and accuracy. NOT FOR REPRINT March 03, 2026 The company says it's the largest divided in its history. March 03, 2026 Arguments presented to the court included an alleged lack of good faith and violation of statutes. March 03, 2026 The move may discourage ship owners from loading cargoes within the Persian Gulf, which is the source of about a fifth of the world's supply of crude.

PR Newswire
Feb 24th, 2026
Liberty Mutual and Floodbase launch instant parametric flood quoting for US commercial market

Floodbase and Liberty Mutual have launched an instant quoting application for parametric flood insurance in the US commercial market. The solution, powered by Floodbase Platform's new API, enables wholesale and retail brokers to price parametric flood covers in minutes, replacing a traditionally time-consuming process. The application targets small to midsized commercial businesses, where two-thirds of modelled US flood losses remain underinsured. Parametric flood coverage has matured as a complement to traditional property insurance, covering non-damage business interruption losses whilst addressing rising National Flood Insurance Program premiums. The new API allows brokers and managing general agents to integrate parametric flood insurance into automated quoting workflows, making previously bespoke placements accessible at scale. Liberty Mutual's pricing engine delivers multiple optimised structures and pricing options through the platform.

Reinsurance News
Apr 25th, 2025
Floodbase and Yokahu introduce parametric flood insurance to support New Orleans businesses

Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has partnered with insurance intermediary Yokahu to introduce automated parametric flood insurance in New Orleans.

PR Newswire
Apr 24th, 2025
New Flood Insurance Coverage Options Available To New Orleans Businesses, Instantly Quoted Through Yokahu And Powered By Floodbase

The new flood coverages, backed by an "A+" AM Best rated carrier, dramatically expand limited commercial insurance options in New Orleans, covering any type of economic lossNEW YORK, April 24, 2025 /PRNewswire/ -- Today Floodbase , the world-leading platform for insuring uncovered flood risk, and insurance intermediary Yokahu announced a partnership to offer automated parametric policies, initially bringing much-needed flood coverage options for businesses in New Orleans. In addition to offering rapid liquidity after a major flood event, the coverages represent a financial safety net for any type of economic loss, including categories not traditionally covered, such as business interruption, revenue loss, cleanups and repair, and temporary facilities.The vast majority of New Orleans businesses are insured against flood loss through the federal National Flood Insurance Program (NFIP). The NFIP caps commercial payouts at $500,000 – an amount often insufficient for the magnitude of loss – and only covers direct property damage, excluding many other significant flood-based drivers of economic loss. Local businesses, including NOLA's iconic hospitality sector, are severely exposed during events like Hurricane Ida (2021), which caused over $3 billion dollars ' worth of business interruption.The new flood coverages, backed by an "A+" AM Best rated carrier and powered by Floodbase, include multiple predefined options that clients can evaluate with their broker to accommodate different protection needs and budget considerations. Yokahu's platform facilitates quotes automatically to brokers, making the end-to-end process quick, simple, and transparent through their recently launched cat-risk.com exchange .The new flood policies work by paying out policyholders automatically once a specific predetermined threshold is met – in the case of New Orleans, once a percentage of the city's area is covered by flood water – which is continuously monitored by Floodbase. New Orleans is a global tourist destination, but visitors, foot traffic, and hospitality revenue all plummet when the region floods

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