Cervest Secures a $30M Boost to Power the Planet’s First AI‑Driven Climate Intelligence Platform
Today, Cervest announced it nabbed a $30 million Series A round led by Draper Esprit. The new capital brings the company’s total funding to $36.2 million, and its mission? Enabling businesses, financiers, and governments to pinpoint climate risk down to the single‑asset level—spanning decades, hazards, and hard‑to‑quantify threats.
Why Now? Climate Chaos is in the Fast Lane
Extreme weather is shaking the planet’s foundations, and the stakes are sky‑high: trillions of dollars worth of assets hover in danger. Leaders in the private and public sectors now have to handle these risks alongside looming regulations—while the insurance game is looking for sharper, data‑driven insights to guide investment choices.
Cervest’s Game‑Changing Platform
Meet the EarthScan™—Cervest’s flagship tool that delivers on‑demand, real‑time, and predictive views of climate risks like floods, droughts, and heat extremes. Imagine a dashboard that looks back 50 years and leans forward 80 years, all while pulling data from public sources (NOAA, ECMWF, CMIP6) and proprietary datasets. The science? Five years of peer‑reviewed research, machine learning, and top‑tier stats, all wrapped into a single, unified risk view.
- De‑risk your business by spotting hidden liabilities
- Meet TCFD guidelines with accurate climate disclosure
- Boost resilience of your assets in the face of volatility
- Uncover green growth opportunities that pay off
“Climate Intelligence is business intelligence for climate risk,” says Cervest founder Iggy Bassi. “In a world where floods in Australia, European droughts, and Texas freezes can come out of the blue, failing to stay climate‑smart feels like a one‑way ticket to disaster.”
Meshing Humor with Heavy‑Duty Science
Dr. Iggy’s breakthrough mantra: “If you don’t know where the climate is headed, you’re pretty much shoo‑shoo away from sanity.” The meta‑take is clear—cognitive awareness and proactive action go hand‑in‑hand. By treating EarthScan™ as a baseline, monitor, and forecast tool, organizations can “negotiate” their future with confidence.
What the Funding Means for Cervest
- Quickly push into US and European markets
- Keep the freemium model rolling—free, standardized risk assessments create chatter and open the floodgates for discussion.
- Elevate the Climate Intelligence dialogue from niche to mainstream, by making climate risk answers accessible to all.
Partner Vinoth Jayakumar of Draper Esprit puts it, “Climate Tech is a hot topic, but the real answer lies in data‑driven solutions. Cervest’s quantitative approach lets us get the economics right—now we can deliver real market fixes.” He’s also joining Cervest’s board, steering the ship into the future.
A Complete, Unified View: Your Guide to a Resilient Future
Bassi adds, “Decarbonization is vital—yet alone it won’t build resilience. We must weave together physical risks, transition risks, and decarbonization projects. Cervest gives you that all‑in‑one view, letting everyone become climate wise and make informed, smart decisions.”
Stay Up‑to‑Date with Live Updates
Subscribe for real‑time alerts straight to your device—no more missing that next big climate shift. The front‑line update alert keeps you in the loop, whenever you need it.
