What is Jupiter?
Jupiter operates in the climate technology sector, offering a sophisticated platform designed to predict and manage risks stemming from weather and temperature fluctuations, sea-level rise, and intensified storm events. The company's services are crucial for organizations seeking to understand and mitigate the impacts of both short-term weather anomalies and long-term climate change. By providing detailed data and analytics, Jupiter empowers businesses and governments to make more informed decisions regarding climate resilience and adaptation strategies.
How much funding has Jupiter raised?
Jupiter has raised a total of $87M across 4 funding rounds:
Angel/Seed
$2M
Series A
$8M
Series B
$23M
Series C
$54M
Angel/Seed (2017): $2M with participation from DCVC
Series A (2018): $8M led by Ignition Partners and DCVC Management
Series B (2019): $23M supported by Energize Ventures
Series C (2021): $54M featuring MPOWER PARTNERS, Systemiq, Ms&ad Ventures, Clearvision Ventures, Energize Ventures, QBE Ventures, Ignition Partners, Liberty Mutual Insurance, DCVC Management, and Caisse de dépôt et placement du Québec
Key Investors in Jupiter
Energize Ventures
Energize Ventures is an investor focused on climate solutions, aiming to scale sustainable innovations through partnerships with those shaping the future of energy. The firm specializes in investing in asset-light, technology-enabled companies that are pivotal in transitioning to a digitized and decarbonized energy system.
Ignition Partners
Ignition Partners is a venture capital firm that typically invests in early-stage technology companies, often focusing on software and enterprise solutions. Their investment philosophy centers on partnering with visionary founders to build category-defining businesses.
DCVC Management
DCVC is a deep tech venture capital firm that invests in entrepreneurs tackling some of the world's most challenging problems, often leveraging artificial intelligence to unlock potential across various sectors including energy and climate.
What's next for Jupiter?
With its recent major strategic investment, Jupiter is well-positioned to enhance its predictive modeling and data analytics capabilities. The company's focus on climate risk management aligns with increasing global demand for climate adaptation solutions. Future developments are likely to involve expanding its service offerings to cover a broader spectrum of climate-related risks and potentially integrating new technologies, such as AI and machine learning, to further refine its risk assessment tools. This strategic financing will enable Jupiter to scale its operations and solidify its market leadership in the climate tech industry.
See full Jupiter company page
