Understory
Insurance Built for the Era of Climate Change |
United States · Founded 2012 · $30.9M raised
- Employees
- 11–50
- Founded
- 2012
- Business Model
- B2B
- Website
- understoryweather.com
- Total Funding
- $30.9M
- Last Round
- $16.2M Series AJun 2024
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 4 funding rounds and 5 investors for this company. The full record is or through the API.
About
Understory closes the climate coverage gap with insurance products built on its weather risk model, which assesses and prices severe weather around the world. The model is powered by a growing global network of ground-based Dot weather sensors designed to be accurate, maintenance-free, and fraud-proof. When severe weather strikes, Understory detects the event and triggers a payout without a typical claims process, so capital can reach auto dealers, growers, and other exposed businesses quickly after a disaster.
Summary
Understory is a Climate Tech company based in United States, founded in 2012. It has raised $30.9M in total across 4 rounds, most recently a $16.2M Series A round in Jun 2024. Investors include True Ventures, Smedvig Ventures and Monsanto Growth Ventures.
Tech & App Stack
4 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
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Funding History
Jun 2024
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Funding: Series A. Amounts, valuations, and investors where available.
Investors
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