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Floodbase

Provides flood data for parametric insurance

Overview

Floodbase provides data-driven flood intelligence for global parametric flood insurance. It uses near real-time monitoring, peak flood analysis, and decades of historical data to offer scalable coverage for insurers, governments, and communities. Its platform combines live signals with analytics and licenses data to help design, price, and activate parametric insurance payouts based on predefined flood conditions. The company aims to close the protection gap by making flood risk data and insurance tools accessible to underserved communities.

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About Floodbase

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

Industries

Data & AnalyticsFinancial 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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What believers are saying

  • February 2026 Liberty Mutual partnership opens U.S. broker distribution for parametric flood.
  • June 2026 Burns & Wilcox and Atain launched exclusive parametric flood coverage.
  • March 2026 API supports thousands of locations simultaneously across U.S. portfolios.

What critics are saying

  • Floodbase depends on a few carriers; Liberty and Atain dominate near-term revenue.
  • Parametric payouts invite trigger disputes after 2025-2026 floods, especially boundary edge cases.
  • A trigger reputation failure after a major flood would destroy trust in the platform.

What makes Floodbase unique

  • March 2026 Quote API turns Floodbase into instant quoting infrastructure for carriers.
  • Floodbase monitors flood boundaries directly with satellite imagery, not rainfall proxies.
  • January 2026 Italy program covers 25,000+ churches, proving portfolio-scale parametric operations.

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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

6 month growth

4%

1 year growth

4%

2 year growth

4%
Pulse 2.0
Sep 19th, 2026
Pulse Fund closes $63 million inaugural fund to invest across climate, infrastructure, food and mobility.

Pulse Fund closes $63 million inaugural fund to invest across climate, infrastructure, food and mobility. By Amit Chowdhry Yesterday at 8:37 AM Pulse Fund has closed its inaugural $63 million venture capital fund to invest in early-stage climate companies spanning the energy transition, infrastructure, food and agriculture, and mobility. The firm is led by founder and Managing Partner Tenzin Seldon, a climate investor with approximately two decades of experience building and scaling climate technologies. Pulse is building its investment strategy around the idea that major climate-related markets are interconnected rather than separate investment categories. For example, improvements in battery technology can expand the addressable market for electric mobility, while advances in agricultural efficiency can influence where infrastructure capital is deployed. Pulse believes analyzing those relationships can help it identify companies and markets that more narrowly focused investors may overlook. Investors in the fund include Beneficient, C6 Partners, Pivotal Foundation, the Pritzker family, Veronica Chou, David Osborn and an Asia-based sovereign wealth fund. Pulse has already invested in companies including Endera, Floodbase, InventWood, it's electric, Mast Reforestation, Plantible, Twelve and Unravel Carbon. The firm frequently leads financing rounds and takes board positions at portfolio companies, positioning itself as an active investor rather than primarily a source of capital. Pulse also maintains a Space Act Agreement with NASA's Goddard Space Flight Center. Through the relationship, portfolio companies can access publicly available NASA Earth observation data, modeling capabilities and climate technology. Pulse is also using NASA science to develop tools for measuring and monitoring climate impact across its portfolio. The $63 million close is notable for a first-time fund managed by a solo general partner and gives Pulse additional capital to pursue companies positioned at the intersection of multiple climate-related industries. KEY QUOTES: "We are at the beginning of the largest capital reallocation in history, and understanding how the energy transition, infrastructure, food and agriculture and mobility move together will define where that capital lands." "We back the founders who see those connections before the market does and build companies at the center of them." Tenzin Seldon, Founder and Managing Partner of Pulse Fund "Pulse cleared more than a year of diligence, and our conviction only grew as the Fund did." James Silk, CEO of Beneficient

New Orleans CityBusiness
Aug 27th, 2026
Louisiana-developed FloodID expands through ICEYE partnership.

Louisiana-developed FloodID expands through ICEYE partnership. KEY TAKEAWAYS: * The Water Institute is partnering with ICEYE to expand FloodID in the U.S. and internationally. * FloodID combines predictive modeling with localized information to help officials prepare for and respond to flooding. * More than 200 government users have enrolled in a FloodID pilot supported by Amazon during the 2026 hurricane season. * Several FloodID team members have joined ICEYE as the technology moves toward broader commercial deployment. The Water Institute has partnered with satellite technology company ICEYE to expand FloodID, a Louisiana-developed flood intelligence platform, across the United States and internationally. The Baton Rouge-based research organization announced the partnership Thursday, saying it will combine FloodID's predictive technology with ICEYE's satellite-based Earth observation capabilities to provide emergency managers, infrastructure operators, businesses and communities with more timely information about potential flooding. FloodID was developed by The Water Institute to help Louisiana officials make decisions before, during and after floods. The platform uses predictive modeling to provide localized information about where flooding could occur and which people, infrastructure and properties could be at risk. The technology has since expanded beyond Louisiana and is being used in emergency operations centers in several hurricane-prone states and municipalities, according to the institute. More than 200 users also have enrolled in a FloodID pilot program available to federal, state and local government organizations during the 2026 hurricane season. The pilot was developed with support from Amazon and access to Amazon Web Services technology. The partnership with ICEYE is intended to accelerate FloodID's expansion. ICEYE operates in more than 30 countries and owns a constellation of synthetic aperture radar satellites capable of monitoring the Earth's surface day or night and through cloud cover and severe weather. "FloodID began with a clear purpose: to put better, faster, more localized flood intelligence into the hands of the people making decisions when lives, property, and communities are at risk," Beaux Jones, president and CEO of The Water Institute, said in a statement. Jones said the Gulf Coast's experience with hurricanes, flooding and other water-related threats has helped Louisiana develop technology and expertise that can be applied elsewhere. "Louisiana and the Gulf Coast have long been on the front lines of water-related challenges, and that experience has helped generate science, expertise, and technology with relevance far beyond our region," Jones said. "By partnering with ICEYE, we are giving FloodID the pathway to reach more decision makers, in more places, at the moments when better information can make all the difference." ICEYE's satellite observations will be combined with FloodID's predictive capabilities to give users information about both existing flood conditions and what could happen next. The Finland-founded company employs more than 1,000 people globally and provides satellite-based intelligence for government, defense, environmental monitoring, insurance and emergency management customers. "ICEYE has built its flood intelligence platform around delivering trusted information throughout every stage of a flood event, from early warning through active response and post-event assessment," Will Panchaud, senior director of product solutions at ICEYE, said in a statement. "FloodID adds another important dimension to that capability by strengthening our predictive intelligence." As part of the agreement, several members of the Water Institute team responsible for developing and operating FloodID have joined ICEYE. The organizations said they are working to maintain continuity for agencies and other partners already using the platform. Hugh Roberts, formerly senior vice president at The Water Institute, has joined ICEYE as head of predictive intelligence. "The methods that underlie FloodID are designed to be uniquely scalable, not only for flood prediction but for a range of use cases that build upon hydrologic predictions," Roberts said. "Joining ICEYE creates an extraordinary opportunity to build upon the foundations established at the Institute and scale those capabilities globally." The partnership could also lead to collaboration between the organizations on coastal resilience issues beyond flooding, according to The Water Institute. Amazon, which supported the FloodID government pilot, said expanding access to predictive flood information could help communities prepare earlier for increasingly complex flooding events. "From Louisiana to Texas and beyond, we've watched flooding become harder to predict: atmospheric rivers dropping 30 inches of rain, storm surge colliding with inland flooding, and thousand-year floods arriving with unsettling frequency," Jeffrey Schweitzer, Amazon's disaster relief technology and innovation lead, said in a statement. "This collaboration can help communities across many states prepare in advance. Better information means communities that are ready before the water rises." The FloodID expansion also is connected to the Water Innovation Studio of Louisiana, an initiative housed at The Water Institute and created with Louisiana Innovation, a division of Louisiana Economic Development. The studio is designed to help move Louisiana-developed water technologies from research into commercial applications. Josh Fleig, LED's chief innovation officer, described FloodID as an example of Louisiana research reaching a broader commercial market. "This is exactly why we created the Water Innovation Studio," Fleig said. "Louisiana has long been a laboratory for solving some of the world's most complex water challenges." Founded in 2011, The Water Institute is an independent applied research organization headquartered in Baton Rouge that focuses on reducing risks to communities, ecosystems and economies from environmental challenges.

Liberty Mutual
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.

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