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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
$119.2M
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 overlook critical factors, 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 company's goal 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 analytics boosts One Concern's market potential.
- Partnerships with firms like WTW expand One Concern's reach in the insurance market.
- Regulatory trends increase demand for detailed climate risk assessments, benefiting One Concern.
What critics are saying
- Emerging startups in climate resilience could threaten One Concern's market share.
- Advancements in AI technology may outpace One Concern's current solutions.
- Regulatory changes in insurance could impact the use of climate resilience scores.
What makes One Concern unique
- One Concern uses AI to create digital twins for climate risk analysis.
- The company offers a unique data platform for quantifying hidden physical risks.
- One Concern's resilience analytics support risk selection, mitigation, and pricing strategies.
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Funding
Total Funding
$119.2M
Above
Industry Average
Funded Over
5 Rounds
New Enterprise AssociatesGrowth & Insights and Company News
6 month growth
↓ -11%1 year growth
↑ 0%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
$119.2M
Headquarters
Menlo Park, California
Founded
2016
There are no jobs for One Concern right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to One Concern