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About One Concern
Industries
Data & Analytics
Financial Services
Real Estate
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$115.9M
Headquarters
Menlo Park, California
Founded
2016
Overview
One Concern provides a data platform that helps businesses in the financial services, insurance, and real estate sectors understand and manage risks related to climate challenges. The platform quantifies hidden physical risks, allowing clients to make informed financial decisions by offering a consistent metric for evaluating properties, companies, and sectors. Unlike traditional risk management methods, which often underestimate risks, One Concern uses artificial intelligence and deep catastrophe modeling to create a 'digital twin' of the physical world, revealing potential disruptions such as power outages and supply chain issues. This technology enables clients to identify uninsured losses and opportunities, ultimately helping them save money and improve their operations. The goal of One Concern is to transform how businesses approach risk management in the face of climate uncertainties.
Simplify's Take
What believers are saying
- Growing demand for climate resilience solutions boosts One Concern's market potential.
- Partnerships with academic institutions enhance data accuracy and credibility.
- Rising interest in ESG metrics aligns with One Concern's offerings.
What critics are saying
- Increased competition from new entrants challenges One Concern's market position.
- Regulatory hurdles may affect the partnership with WTW in the U.S. market.
- Technical challenges may delay the deployment of the flood model in Japan.
What makes One Concern unique
- One Concern uses AI to create a 'digital twin' for risk management.
- The company offers a consistent metric for evaluating physical climate risks.
- One Concern's platform helps clients quantify and manage hidden physical risks.
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Funding
Total Funding
$115.9M
Above
Industry Average
Funded Over
5 Rounds
New Enterprise AssociatesGrowth & Insights and Company News
6 month growth
↓ -11%1 year growth
↓ -4%2 year growth
↓ -8%There are a lot of ways to describe what’s happening to the Earth’s climate: Global warming. Climate change. Climate crisis. Global weirding. They all try to capture in different ways the phenomena caused by our world’s weather systems gone awry. Yet despite a thesaurus-entry’s worth of options, it’s still a remarkably difficult concept to make relatable.Researchers at MIT might finally have an answer, though
One Concern, Inc. first launched Ready in Japan as a flood forecasting system for the city of Kumamoto, on the island of Kyushu.
Three Australian startups have been chosen among a dozen companies to be part of the RealTechX ESG Impact program. Insect-based organic waste management startup Bardee; accessibility solution for people with a disability, BindiMaps; and construction site environmental monitoring venture SiteHive will be among the 12 startups in the Taronga Ventures-backed program
Today, One Concern announced a strategic alliance with WTW, a leading global advisory, broking and solutions company.
Today, One Concern, a climate resilience technology company, announced the appointment of Nnenna Nnoli as Chief Financial Officer.
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About One Concern
Industries
Data & Analytics
Financial Services
Real Estate
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$115.9M
Headquarters
Menlo Park, California
Founded
2016
There are no jobs for One Concern right now.
Find jobs on Simplify and start your career today