Divirod – a cutting-edge real-time flood management and water risk analytics company – recently announced the successful closure of a $3.6 million bridge round. This significant investment was spearheaded by industry leaders GHD, Thin Line Capital, and TDK Ventures. And the funding round will serve to bolster the company’s team, consolidate product definition, strengthen sales and marketing efforts, and use AI-driven analytics for water risk prediction.
The company aims to establish the most comprehensive local, national, and global water data networks by combining proprietary and third-party curated data for real-time analysis. The company’s Flood Early Warning and Monitoring Solution is a system that continuously monitors locations on-site 24/7 using a network of proprietary sensors.
Users receive instant alerts through email and text messages of impending floods, giving companies a crucial advantage in on-premise tracking. This offering sets Divirod apart from other water-risk assessment companies. And the benefits of Divirod’s solution span various verticals, including real estate, insurance, and state and local governments, empowering them to meet their goals and prevent harm.
The successful completion of this bridge funding marks a significant milestone for the predictive flood risk management industry, positioning Divirod at the forefront of revolutionizing how businesses and governments approach water risk mitigation and measurement.
KEY QUOTES:
“Divirod’s global water data platform is growing daily to provide a unique source of water risk data insights. With our patented technology and analytics proactively alerts private and public institutions of real-time water-related risks produced by flooding and water scarcity. We are directly addressing multiple areas insurers and companies need to properly handle water-related risk and emergencies: trustworthy and up-to-date data. Our predictive flood analytics, based on real-time measurements and powered by artificial intelligence, are a game-changer for companies, insurers, and governments to leverage.”
— Javier Marti, Founder and CEO of Divirod
“The vast economic and social impact of water-related disasters, such as floods, storms and droughts, mean new technologies are essential to reduce the impact on millions of people and their communities globally. Divirod’s approach is very different and enables the acquisition and analysis of accurate data which facilitates better decisions earlier, to increase the resiliency of business and communities. This is why we are proud to be making this investment as part of our shared commitment to a sustainable future.”
— GHD’s Executive General Manager – Strategic Investments, Phil Bradley
“With increased climate risk, asset holders are now recognizing the value of more data to guide mitigation strategies. However, what is needed isn’t just more data, rather, it is data that is targeted to where it is needed most, and it is the right kind of data. I was really impressed with Divirod’s technology and team and their vision to make these types of data analytics a reality.”
— Aaron Fyke, Founder and Managing Partner of Thin Line Capital, who is one of Divirod’s earliest investors
“Flood and other water-related risks affect millions of companies every year, creating economic and climate havoc. Divirod’s combined physical sensor and data-driven approach to water risk management have the potential to save billions of dollars to ensure safety and predictability globally. TDK Ventures is excited to continue to invest and support this talented team as they provide an unparalleled solution so companies, insurers, and governments can be an integral part of any entity’s risk mitigation plan.”
— Tina Tosukhowong, TDK Ventures’ Investment Director and Divirod’ Board Observer
