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Reask Announces $6.55M Total Funding To Enter Us & Expand Its Extreme Weather Risk Modeling To All Those Who Need It

Jun 15, 2023•over 2 years ago

Amount Raised

$6.55 Million

SydneyInformation TechnologyArtificial IntelligenceSoftware

Investors

HawktailSv AngelTencentMacdoch VenturesCollaborative FundMastry Ventures

Description

Reask, the risk data company applying artificial intelligence (AI) to interpret and forecast global extreme weather conditions, today announced it has raised a total of $6.55M in investment funding. Its most recent $4.6M seed round was co-led by Mastry Ventures and Collaborative Fund, with participation from Macdoch Ventures and existing pre-seed investor Tencent, alongside pre-seed investors SV Angel and Hawktail.

Company Information

Company

Reask

Location

Sydney, New South Wales, Australia

About

Reask is a science and technology company applying cutting-edge data science to natural hazard modeling. 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. Early adopters include (re)insurance giants AXA and Swiss Re as well as a Big 4 accounting firm. To learn more, please visit https://reask.earth/.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers