Reinsurance News

WindBorne Systems

WindBorne secures $15m to improve weather forecasting & mitigate losses

13th June 2024

WindBorne Systems secures $15 million in Series A funding to expand its balloon constellation AI weather modelling, aimed at mitigating weather-related losses. With extreme weather events on the rise, the World Economic Forum (WEF) has identified them as the biggest risk to businesses in the coming decade. Forecasting inaccuracies exacerbate the ... Read the full article