Reask, a Sydney, Australia-based data intelligence company, recently secured $4.6 million in seed funding, bringing its total funding raised to $6.55 million.
The round was co-led by Mastry Ventures and Collaborative Fund, with participation from Machdoch Ventures and existing pre-seed investor Tencent alongside pre-seed investors SV Angel and Hawktail.
With its latest funding, Reask will add more hazard coverage and grow our team internationally to better service customers in these growing markets.
Reask provides high-resolution weather risk analytics and forecasting to calculate the severity and frequency of extreme weather events on Earth, anywhere, anytime.
By applying AI across multiple sources of climate data, Reask delivers proprietary weather modeling algorithms that learn climate physics to offer dynamic forward-looking representations of atmospheric risk.
“The ability to accurately forecast and measure the behavior of tropical cyclones has always been extremely challenging, especially given their complex interaction with the climate and propensity to damage land-based observational equipment,” says Jamie Rodney, CEO of Reask. “Organizations need a clearer view on how extreme weather is changing, so they can adequately prepare for any impact to their physical assets, infrastructure, business models, and customers. Our goal is to bring this information more quickly and efficiently to people and industries so we can help those who need it most and before there is an urgent need for help.”
Company: REASK PTY LTD.
Raised: $4.6M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Mastry Ventures and Collaborative Fund
Additional Investors: Machdoch Ventures, Tencent, SV Angel, and Hawktail
Company Website: https://reask.earth/
Software Category: Climate Risk Analytics Software
About the Company: Reask is a science and technology company applying cutting-edge data science techniques to natural hazard modeling. The company applying artificial intelligence (AI) to interpret and forecast global extreme weather conditions. By applying AI to better capture global drivers of extreme weather frequency and severity, Reask can efficiently simulate probabilistic views of ground-level risk at extremely high resolution. The company has already gained traction with industry giants such as AXA, Swiss Re, and a Big 4 firm.
Source: https://reask.earth/2023/06/16/reask-announces-6-55m-total-seed-funding/