Mitiga Solutions Company Profile

Background

Mitiga Solutions, established in 2018, is a Barcelona-based company specializing in climate risk intelligence. Originating as a spin-off from the Barcelona Supercomputing Center, Mitiga leverages advanced science and technology to enhance global resilience against climate change. The company's mission is to make the world more resilient under a changing climate by providing organizations with tools to anticipate, adapt to, and recover from climate extremes.

Key Strategic Focus

Mitiga Solutions focuses on delivering comprehensive climate risk management solutions through its proprietary platform, EarthScan™. This platform enables businesses to assess and mitigate risks associated with climate change, including extreme weather events, floods, and wildfires. By integrating scientific risk modeling with artificial intelligence (AI) and high-performance computing (HPC), Mitiga provides actionable insights to clients across various sectors, such as insurance, real estate, and infrastructure.

Financials and Funding

Since its inception, Mitiga Solutions has secured significant funding to support its growth and technological advancements. In May 2023, the company raised €13.25 million in a Series A funding round led by Kibo Ventures, with participation from Microsoft Climate Innovation Fund, Nationwide Ventures, CREAS Impact Fund, and Faber Ventures. This capital infusion is intended to scale the company's operations, enhance product offerings, and expand its market presence.

Technological Platform and Innovation

Mitiga Solutions distinguishes itself through its innovative technological platforms and methodologies:

EarthScan™: A self-serve analysis and reporting platform that allows companies to generate personalized insights on their exposure to climate risks, including heat stress, flooding, wildfires, extreme wind, drought, and precipitation risk.

High-Performance Computing (HPC): Utilizing supercomputing capabilities to process vast amounts of data, enabling high-resolution models with transparent methodologies.

Artificial Intelligence (AI): Employing AI to enhance risk modeling accuracy and to fill data gaps, especially in data-scarce regions, thereby achieving a global footprint in hazard assessment.

Leadership Team

Mitiga Solutions is led by a team of seasoned professionals:

Dr. Alejandro Martí: Co-founder and Chief Executive Officer. With over 15 years of international experience, Dr. Martí has worked with organizations such as NASA and the UK Meteorological Office. He chairs the UN-ITU Focus Group on AI for Natural Hazards.

Dr. Mauricio Hanzich: Co-founder and Chief Technology Officer. Dr. Hanzich has over a decade of experience leading software development at the National Supercomputing Centre in Spain, specializing in HPC and complex software systems.

Competitor Profile

Market Insights and Dynamics

The climate risk management industry is experiencing rapid growth due to increasing awareness of climate change impacts and regulatory pressures. Organizations are seeking advanced solutions to assess and mitigate climate-related risks, creating a dynamic and competitive market landscape.

Competitor Analysis

Mitiga Solutions faces competition from several companies offering climate risk intelligence and modeling services:

Cervest: A London-based company providing AI-driven climate intelligence to help businesses manage climate risk.

Jupiter Intelligence: Based in San Mateo, California, Jupiter offers predictive data and analytics for climate risk management.

Ambiental Risk Analytics: A UK-based firm specializing in flood risk assessment and modeling.

These competitors focus on various aspects of climate risk assessment, utilizing AI and data analytics to provide insights for risk management.

Strategic Collaborations and Partnerships

Mitiga Solutions has established significant partnerships to enhance its market position and innovation capacity:

Microsoft Climate Innovation Fund: Participated in Mitiga's Series A funding round, supporting the company's growth and technological development.

Nationwide Ventures: Invested in Mitiga to drive its strategy towards more sustainable digitalization.

Telefónica Ventures: Invested in Mitiga to support its mission in climate risk management.

Operational Insights

Mitiga Solutions differentiates itself through its unique combination of scientific expertise, AI, and HPC capabilities. The company's ability to provide high-resolution, physics-based models tailored to specific client needs offers a competitive advantage in the climate risk management sector. Additionally, Mitiga's focus on transparency and agility in delivering climate risk intelligence without "black boxes" appeals to organizations seeking reliable and understandable risk assessments.

Strategic Opportunities and Future Directions

Looking ahead, Mitiga Solutions aims to expand its product offerings and market reach. The company plans to enhance its EarthScan™ platform, develop new risk models, and explore additional applications of its technology in various industries. By leveraging its strengths in science, AI, and HPC, Mitiga is well-positioned to address the growing demand for comprehensive climate risk management solutions.

Contact Information

For more information about Mitiga Solutions and its services, please visit their official website.

Mitiga Solutions maintains an active presence on LinkedIn: