Understory
Latest round
- Series A
Last raised
- Apr 2024
Total raised
- $22M
Investors
- 9
About Understory
a. Understory operates as an insurance technology company that provides climate risk insurance, addressing the growing challenge of severe weather losses that traditional insurance models struggle to cover.67 million post-money. Understory offers a digital insurance platform utilizing its hyperlocal climate risk engine to address severe weather risks. The platform features dot weather sensors that capture high-frequency weather data to support accurate loss detection and claim processing. The sensors are solar-powered, maintenance-free, and integrated with third-party devices. Understory's model combines real-time data with historical records, supported by advanced machine learning for precise risk assessment. The platform also provides digital tools for broker management, pricing, quoting, and claims processing. Additionally, it includes features for loss mitigation, offering real-time weather alerts and post-event summaries to protect assets and improve insurance programs.
Who invested in Understory
9 investors across 6 rounds
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Questions about Understory
Who invested in Understory?
Understory has 9 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Understory raised?
Understory has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Understory last raise money?
Understory's most recent round on record is a Series A, in Apr 2024.
What does Understory do?
Understory is a software company.
Where is Understory headquartered?
Understory is headquartered in Madison, US.
Which VCs invest in companies like Understory?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Understory's stage. Their profiles are linked below.
VCs backing software startups at Series A
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