Search company, investor...
Risilience company logo

Risilience

risilience.com

Founded Year

2021

Stage

Series B | Alive

Total Raised

$34.2M

Last Raised

$26M | 8 days ago

About Risilience

Risilience develops a data analytics platform to help companies in risk management. It offers climate and enterprise risk management solutions to translate risk science into business insights and provide insights into financial impact for corporate businesses. The company was founded in 2021 and is based in Cambridge, U.K.

Headquarters Location

50-60 Station Road

Cambridge, England, CB1 2JH,

United Kingdom

Missing: Risilience's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Risilience's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing Risilience

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Risilience is included in 1 Expert Collection, including Decarbonization Tech.

D

Decarbonization Tech

295 items

Companies developing tech to decarbonize operations.

Latest Risilience News

Risilience, a climate analytics and risk assessment platform for enterprises, raises $26M

Feb 1, 2023

Risilience , a SaaS-based analytics platform that helps companies assess their climate risk and plan their transition toward net-zero carbon emissions, has raised $26 million in a Series B round of funding. The raise comes as ESG (environmental, social, and [corporate] governance) startups across the spectrum have continued to raise cash throughout the downturn, with climate-focused companies in particularly apparently faring well. According to data from Bloomberg , venture capital (VC) and private equity funding found its way into 539 deals in the third quarter of 2022, just fractionally lower than the 547 climate-related funding deals in the preceding three months. Separately, PwC’s State of Climate Tech 2022 report found that more than a quarter of every VC dollar spent in 2022 was targeted at climate tech, totalling around $15-20 billion per quarter — a figure that’s roughly comparable with the previous year. There is, of course, good reason why climate tech has perhaps been a little more resilient to economic headwinds than other sectors. The global climate catastrophe is somewhere near the top of the agenda in many political and business spheres, with pressure mounting on corporations to address their carbon emissions and do their bit to counter their impact on climate change. And capturing the right kind of data and generating insights is central to this. “Organisations are struggling to understand and quantify how climate risk affects their business financially, and plan their way to net-zero,” Rislience CEO Dr. Andrew Coburn explained to TechCrunch. “As we move to a low-carbon economy, businesses are faced with near-term transition risks, such as regulatory change and climate-related litigation; and long-term physical risks, like the floods and weather events.” Digital twins Risilience, in a nutshell, promises to enable companies to “turn data into actionable insights,” and measure the (potential) impact of climate-related risks to their business. For example, the company has built “digital twin” technology that allows companies to connect their own internal systems and databases to visualize and “stress-test” the impact of myriad “risks,” which in addition to weather events may include growing regulations, litigation, and even evolving customer sentiment. By way of example, the U.S. Securities and Exchange Commission (SEC) has proposed new rules that would require companies to report on any risks to their business related to climate change when filing updates for investors. “Large organisations face a lot of challenges when it comes to disclosing their impact on the environment,” Rislience CEO Dr. Andrew Coburn explained to TechCrunch. “With the threat of greenwashing, and increasing pressure from investors, reporting needs to be highly accurate but, with increasing regulatory pressures on businesses to disclose this information, they need to act fast.” Ultimately, Risilience is all about helping companies move toward lower-carbon operations while minimizing the impact on profitability, and at the same time allowing them to report accurately to all stakeholders. “Another common problem is that net-zero pledges are made with no detailed plan for how to get there,” Coburn added. “Risilience provides the crucial insight required in forming this plan that updates based on the ever-changing landscape organisations are facing.” Risilience in action Image Credits: Risilience Spun out of the University of Cambridge’s Centre for Risk Studies (CCRS) back in 2021, Risilience says it has already amassed a number of high-profile enterprise customers, including Nestlé, Maersk, EasyJet, Burberry, and Tesco. Prior to now, Risilience had raised £6 million ($7.4 million) in a Series A round back in 2021 , and with another $26 million in the bank, the company said that it use the fresh cash injection to drive international growth with a particular focus on the U.S. market. Risilience’s Series B round was led by Quantum Innovation Fund, with participation from IQ Capital and National Grid Partners.

Risilience Frequently Asked Questions (FAQ)

  • When was Risilience founded?

    Risilience was founded in 2021.

  • Where is Risilience's headquarters?

    Risilience's headquarters is located at 50-60 Station Road, Cambridge.

  • What is Risilience's latest funding round?

    Risilience's latest funding round is Series B.

  • How much did Risilience raise?

    Risilience raised a total of $34.2M.

  • Who are the investors of Risilience?

    Investors of Risilience include National Grid Partners, IQ Capital, Quantum Energy Partners, Tokio Marine Asset Management, Castor Ventures and 3 more.

  • Who are Risilience's competitors?

    Competitors of Risilience include RiskThinking.AI.

Compare Risilience to Competitors

One Concern Logo
One Concern

One Concern is a resilience-as-a-service solution that brings disaster science together with machine learning for better decision making. With operations in the US and Japan, the company quantifies resilience from catastrophic perils, empowering leaders to measure, mitigate, and monetize risk so disasters aren't so disastrous.

Gro Intelligence Logo
Gro Intelligence

Gro Intelligence offers a data product that enables the discovery and analysis of an unprecedented amount of information in the global agriculture industry. Gro collects and synthesizes trillions of data points from disparate and previously near impossible to use sources, allowing users to paint a clear, comprehensive, and timely picture of the factors influencing the agricultural commodity they are interested in. From traders investing in wheat, procurement teams buying sugar, credit institutions lending to soy producers, and policymakers creating strategic plans, Gro enables actors throughout the agriculture-ecosystem to use data to make informed decisions.

Blue Sky Analytics Logo
Blue Sky Analytics

Blue Sky Analytics is a geospatial data intelligence company. The company converts satellite data into climate intelligence to analyze climate risk. It builds an application programming interface (API) based catalog of environmental datasets by leveraging satellite data, artificial intelligence (AI), and the cloud. The company offers its products and solutions to industries such as energy, insurance, banking, real estate, and government. It was founded in 2019 and is based in Ghaziabad, India.

Sust Global Logo
Sust Global

Sust Global provides geospatial monitoring at an asset level for analyzing climate risk. Their platform uses data from multiple satellites and ground sources to create full-stack ‘Asset-Level Geospatial Analytics’. Sust combines this data with the latest climate models and standardized risk assessments to analyze risk and gain quantitative insights for the financial services sector.

Climate X Logo
Climate X

Climate X is a global climate risk data analytics provider. The company helps firms analyze the impact of extreme weather events linked to climate change through their platform Spectra. It delivers location-specific risk ratings, EPC ratings for transition risk, and climate-adjusted loss estimates between now and 2100, under multiple climate emission pathways. The company was founded in 2021 and is based in London, United Kingdom.

I
Intensel

Intensel provides tech enhanced solutions for precise analytics and forecast of climate risk at granular levels.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.