Floodbase, a climate adaption technology company, has been selected through the Department of Homeland Security (DHS) Science and Technology Directorate’s Silicon Valley Innovation Program (SVIP) to strengthen the Federal Emergency Management Agency’s (FEMA’s) flood analytics capabilities.
By using its flood intelligence technology, Floodbase will be able to help FEMA estimate the impacts of flood events more accurately, to inform its actions in support of National Flood Insurance Program (NFIP).
Floodbase’s flood intelligence system will consist of three elements. This includes, daily flood monitoring through a combination of multi-satellite imagery composites and deep learning hydrology models, as well as near real-time mapping of ongoing events.
The intelligence system will also deliver forecasting data, which ultimately will help to improve FEMA’s flood damage estimates.
“Floodbase is proud to partner with FEMA in providing solutions to enhance the NFIP’s decision making capabilities. For those affected by floods, any delay in providing relief can cause additional hardships. By combining the satellite imagery, hydrology data, and machine learning technology that Floodbase offers, the NFIP will be able to deploy vital resources to those who need it most, faster,” said Bessie Schwarz, CEO of Floodbase.
“Flooding is devastating for households and communities. I look forward to exploring with Floodbase how their predictive and post-flood analysis can help us more quickly understand a major flood event so we can make timely decisions to support our policyholders,” added Jeffrey Jackson, FEMA’s Acting Assistant Administrator for Federal Insurance, which oversees the delivery of flood insurance for the NFIP.
