Risilience, a Cambridge, UK-based SaaS-based analytics platform that helps companies assess their climate risk and plan their transition toward net-zero carbon emissions, raised $26 million in a Series B funding
The round was led by Quantum Innovation Fund, with participation from IQ Capital and National Grid Partners.
The investment will allow Risilience to expand its market-leading SaaS platform to serve clients at any stage of their decarbonization journey. The funds will also be used to drive international expansion, with a specific focus on the US, where pending SEC rules will require climate and risk disclosures.
Risilience's CEO, Dr. Andrew Coburn, said: "We believe that the road to net zero presents an opportunity as well as a risk for global enterprises, and our unique combination of technology combined with world-class risk science supports our clients to mitigate risks as well as capitalize on opportunities. With companies under increasing regulatory and shareholder pressure to understand, report, and mitigate their potential climate impact, this additional equity funding will help us support them at each stage of their journey."
The Risilience platform turns data into actionable insights, empowering organizations to understand and quantify the scope, magnitude, and timescale of climate risk in their strategies and operations.
Risilience's 'digital twin' technology enables businesses to stress test the impact of numerous transitional and physical risks on their organization, including increasing regulation, potential litigation, and changing consumer sentiment, which together could reduce business value by up to 30 percent if companies fail to act.
By expanding its solutions and services, Risilience will help clients from initial climate-related disclosures through to full net-zero planning, tracking, and measurement, enabling them to make informed decisions in the low-carbon economy.
Round: Series B
Funding Month: February 2023
Lead Investors: Quantum Innovation Fund
Additional Investors: IQ Capital and National Grid Partners
Company Website: https://risilience.com/
Software Category: Climate Analytics and Risk Assessment Platform
About the Company: Risilience is a deeptech, data-driven analytics platform enabling corporations operating around the world to understand the transformational benefits of effective enterprise risk management and how to prioritize implementation. Risilience brings a detailed understanding of management science to the challenges of transforming businesses. Resilience's products and services give business leaders a competitive advantage in managing their risks and opportunities from climate change and other enterprise risks through its application of research frameworks pioneered by the Cambridge Centre for Risk Studies at the University of Cambridge, Judge Business School. The Risilience platform's company-specific analysis provides detailed, quantified results to support strategic decision-making and business planning while balancing investment requirements driven by future scenarios.