Intelligence firm funding to help build urban resilience
UrbanFootprint has raised $25m in backing to expand its urban intelligence platform that enables cities to make more informed decisions on critical infrastructure investments.
UrbanFootprint, the US-based urban intelligence platform, has raised a $25m series B funding to accelerate the delivery of climate and community intelligence to the energy, government, finance and real-estate sectors.
UrbanFootprint’s data and software aims to help public and private sector organisations target where to invest resources to reduce climate vulnerability and increase the resilience of critical infrastructure and communities.
Breaking down data silos
The company compiles, maps, and analyses thousands of previously siloed data points covering climate, land use, economic, and social conditions and connects them to a proprietary canvas of 160 million land parcels that it claims covers “nearly every inch” of the US.
It provides sector-specific data products and mapping tools that can hone in on an area in the country and evaluate existing conditions across hundreds of community, social, and environmental metrics, measure and map risk and market opportunities, and prioritise where to deploy interventions and investments.
“Global business leaders have both an obligation to prioritise societal wellbeing and an opportunity to lead the way forward to a more equitable, and sustainable future”
“UrbanFootprint provides decision-makers across industries with the ground-level insights they need to quickly and accurately evaluate risk and prioritise resources where they are needed most,” said Joe DiStefano, co-founder and CEO of UrbanFootprint. “UrbanFootprint is used by some of the nation’s largest energy utilities, financial institutions, government agencies, and urban planning firms to answer complex questions in minutes, versus weeks or months.”
UrbanFootprint’s technology can be used to address a range of issues. For example, its energy solutions have been used to prioritise where to deploy new electric vehicle chargers and strengthen their grids against accelerating heat wave and fire risk. Meanwhile, government agencies have used the platform to target billions of dollars in food, housing, and disaster relief to vulnerable Americans.
“Global business leaders have both an obligation to prioritise societal wellbeing and an opportunity to lead the way forward to a more equitable, and sustainable future,” said Jeff Meyers, director and principal investor at Citi Ventures.
“UrbanFootprint’s deep domain experience in urban planning, data science, and location analytics software enables all enterprises and governments to make smarter and faster decisions about where to optimally invest.”
Leave A Comment