FutureProof Raises $6.5M in Funding

FutureProof, a San Diego, CA-based climate-smart P&C insurtech firm, raised $6.5M in funding.

The spherical, which brings complete capital raised to almost $10m, was led by AXIS Digital Ventures with participation from Innovation Endeavors and MS&AD Ventures.

The firm intends to make use of the funds so as to add high underwriting, portfolio threat administration, and engineering expertise.

Led by CEO Alisa Valderrama and Chief Insurance Officer Fid Norton, FutureProof offers a platform to make AI projections of asset-level losses from hurricane wind and flood to energy insurance coverage underwriting. The firm will use its climate-smart insurance coverage merchandise to assist shut the protection hole and encourage funding in local weather adaptation.



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