One Concern

Data platform for climate risk management

Menlo Park, California, United States

About One Concern

One Concern provides a data platform that helps businesses in the financial services, insurance, and real estate sectors understand and manage risks related to climate challenges. The platform quantifies hidden physical risks, allowing clients to make informed financial decisions by offering a consistent metric for evaluating properties, companies, and sectors. Unlike traditional risk management methods, which often overlook critical factors, One Concern uses artificial intelligence and deep catastrophe modeling to create a 'digital twin' of the physical world, revealing potential disruptions such as power outages and supply chain issues. This approach helps clients identify uninsured losses and opportunities, ultimately enabling them to price their products and services more accurately. The company's goal is to empower businesses to navigate climate uncertainties effectively, potentially saving them money and improving their resilience.

Menlo Park, CaliforniaHeadquarters
2016Year Founded
$115.9MTotal Funding
LATE_VCCompany Stage
Data & Analytics, Financial Services, Real EstateIndustries
11-50Employees

Risks

Increased competition from new entrants challenges One Concern's market position.
Regulatory hurdles may affect the partnership with WTW in the U.S. market.
Technical challenges may delay the deployment of the flood model in Japan.

Differentiation

One Concern uses AI to create a 'digital twin' for risk management.
The company offers a consistent metric for evaluating physical climate risks.
One Concern's platform helps clients quantify and manage hidden physical risks.

Upsides

Growing demand for climate resilience solutions boosts One Concern's market potential.
Partnerships with academic institutions enhance data accuracy and credibility.
Rising interest in ESG metrics aligns with One Concern's offerings.

Funding

Total raised$115.95 M
Latest valuation$225.00 M
StageLATE_VC
LATE VC
5/31/2021
$45
$225.00 M
$37
$183.00 M
CONVERTIBLE
6/30/2016
$1