Previsico Raises £1.75 Million for Flood Impact Prediction Platform
Previsico, a UK-based company, has announced that it has raised £1.75 million in funding. The round was led by 24Haymarket and Foresight Group, bringing the total amount raised to $5.3 million. The company, which provides a platform for predicting and preventing flood impacts, plans to use the funds to expand its operations and business reach. CEO Jonathan Jackson leads Previsico, and the company's flood forecasting solution is used by insurers, businesses, and government agencies to mitigate their losses in the event of flooding.
Previsico's Flood Dashboard, which is the result of two decades of research at Loughborough University, provides users with real-time flood forecasts and displays them in an easily accessible format via any web browser.
Users can monitor how a flood situation develops over a 48-hour period, with government warnings for main river and coastal flooding presented alongside Previsico's own forecasts for surface water and ordinary water course flooding. This comprehensive overview allows users to coordinate their response to flood events and effectively prepare for them.
Major corporations such as Network Rail, National Grid, and The Guinness Partnership, as well as insurers like Zurich, Liberty Specialty Markets, and Generali, are among the clients that benefit from Previsico's flood forecasting solution. By leveraging their platform and tools, these organizations are able to effectively prepare for and respond to flood events, mitigating potential damages and losses.
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