First Street
- Company typePrivate
- Founded2016
- HeadquartersBrooklyn, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What First Street does
First Street is a physics-based climate risk financial modeling platform that provides property-level multi-hazard analytics (flood, wildfire, wind, heat, air quality) covering over two billion structures globally, serving banks, insurers, asset managers, REITs, data center operators, and infrastructure investors.
First Street firmographics
Firmographics- Name
- First Street
- Legal name
- First Street Foundation
- Website
- https://firststreet.org/
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
First Street industry classification
Industry- Product category
- Climate Risk Analytics Software
- NAICS
- Portfolio Management and Investment Advice (523940), Environmental Consulting Services (541620)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Asset- & Location-Level Exposure/Vulnerability Analytics (Geospatial, Digital Twins, Critical Infrastructure) (EUABALAC)
- akta.pro secondary industries
- Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers) (EUABALAE), Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG)
Keywords
Where First Street is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
First Street business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Climate Risk Data Analytics Licensing: Licensing of physics-based climate risk data and analytics to financial institutions, real estate platforms, and enterprise clients for use in underwriting, due diligence, and capital allocation decisions.
- Data Distribution Partnerships: Distribution of climate risk scores and data through partnership channels including real estate marketplaces (Zillow, Redfin) and integration partners, generating revenue through data licensing agreements.
- Platform Integration Services: Technical integration of First Street's long-term hazard data into third-party platforms (utilities, state government mapping portals) for specialized industry applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Licensing |
| Freemium | Pay-as-you-go | Consumer Access |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels4 records
First Street product offering
Product offeringCore offering
First Street develops and licenses a physics-based climate risk financial modeling platform that quantifies physical climate hazards (flood, wildfire, extreme wind, heat, and air quality) at the property level across more than 2 billion structures worldwide. The platform supplies enterprise-grade analytics to banks, insurers, asset managers, REITs, and infrastructure operators for underwriting, due diligence, capital allocation, and regulatory compliance, and has expanded to include the Company Module and Complex Assets Module that translate physical climate risk into financial outcomes (earnings, credit, valuations).
Product overview
First Street is a climate risk financial modeling platform that transitioned from a nonprofit to a for-profit entity. The company's core offering is property-level physics-based climate risk analytics covering over 2 billion structures globally. The platform has expanded beyond its original real estate focus to include two additional modules: the Company Module (which quantifies how physical climate disruptions at sites and supply chains flow through to company earnings, credit, and valuations) and the Complex Assets Module (which extends analysis to infrastructure systems including transportation networks, data centers, energy systems, and industrial campuses). The platform serves asset managers, real estate investors, banks, insurers, and institutional investors to assess physical climate risk exposure and meet regulatory and reporting requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- Property-Level Climate Risk Analytics Physics-based multi-hazard climate risk modeling providing property-level analytics covering over 2 billion structures worldwide, enabling quantified assessments of physical climate risk including flood, wildfire, wind, extreme heat, and air quality hazards at any geographic coordinate for asset managers, banks, insurers, REITs, and consumers.
- Company Module Quantifies how physical climate disruptions at specific sites, suppliers, and infrastructure nodes flow through to company financial performance including earnings, credit, and valuations across corporate footprints and supply chains; designed for institutional investors and corporate risk teams.
- Complex Assets Module Extends climate risk analysis to infrastructure systems including transportation networks, data centers, energy systems, and industrial campuses, enabling institutional investors to price physical risk across due diligence, underwriting, and capital allocation for complex assets.
Quantifiable outcome
- 79% of global data center capacity located in areas with elevated acute climate risk (flooding, wind, wildfire)
- +7 more outcomes
Companies that use First Street
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
First Street technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature5 records
First Street partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, minor and core.
- MSCIflagshipAcquisition by MSCI for $120 million in cash with potential additional revenue-linked payments. First Street will be folded into MSCI's climate and geospatial solutions business to address gaps in MSCI's physical risk modeling capabilities, enabling quantified physical climate risk assessments across more than two billion structures globally.
- American Camp Association (ACA)minorCollaboration announced at congressional briefing on camp safety, providing camps free access to property-level risk assessments and forward-looking climate data to support emergency planning and operational resilience for youth camps.
- Connecticut State GovernmentflagshipLaunched a public climate-risk mapping tool powered by First Street technology, enabling residents to view street-level flood, wildfire, and wind risk data for properties. The initiative was prompted by severe flooding in August 2024 and coincides with a 2026 state law requiring flood risk disclosure at property sales.
- ZillowcoreDistribution partnership for displaying climate risk scores (flood, fire, heat, wind, air quality) on real estate listing pages covering approximately one million properties. First Street's data was integrated into Zillow's listing pages, though the display format was later updated to link out to First Street's website. The partnership was controversial with real estate agents who claimed it harmed sales.
- RedfincoreContinued distribution of First Street climate risk data on Redfin listings despite Zillow's removal of the feature. Redfin has defended the value of climate risk scores for homebuyers, citing validation by independent bodies and expert review.
- AiDASHcoreIntegration of First Street's long-term hazard data (30-year projections for flood, wind, and fire risks) into AiDASH's platform to enhance utility resilience, reliability, and safety, supporting smarter infrastructure investments.
Scale indicators5 records
Recent moves8 records
First Street competitors and assessment
Company assessmentDirect peers
- Jupiter Intelligence: Jupiter Intelligence provides climate risk analytics for physical and transition risks at asset and portfolio level, targeting the same financial institution buyer base (banks, insurers, asset managers) as First Street with overlapping multi-hazard modeling.
- Cervest: Cervest delivers asset- and location-level climate risk analytics covering flood, wildfire, heat and wind for enterprises and financial institutions, directly competing with First Street's property-level risk modeling for due diligence and capital allocation.
- The Climate Service (now part of S&P Global Sustainable1): The Climate Service built physics-based climate risk analytics for financial institutions and corporates; following S&P Global's acquisition, it competes head-to-head with First Street within portfolio-level climate analytics workflows.
- XDI (Cross Dependency Initiative): XDI provides physical climate risk analytics for infrastructure, buildings, and supply chains with asset- and network-level modeling, overlapping First Street's Complex Assets Module for transportation networks, energy systems, and industrial campuses.
Broad incumbents
- RMS (Risk Management Solutions, now Moody's): RMS is a leading catastrophe modeling vendor for the (re)insurance industry covering flood, wind, wildfire, and earthquake. As a Moody's unit, it serves similar insurance and capital markets buyers as First Street but from an established-model incumbency rather than a startup analytics base.
- Moody's Climate Risk Solutions: Moody's offers climate risk analytics (incorporating RMS and Four Twenty Seven) for banks, insurers, and asset managers. It overlaps with First Street across physical risk modeling for financial portfolios and is a substantially larger incumbent with deeper enterprise distribution.
- S&P Global Sustainable1: S&P Global Sustainable1 offers climate analytics, ESG data, and physical risk tools to financial institutions and corporates. It competes with First Street for the same buyer budgets but as part of a much broader data and indices portfolio.
- Munich Re (Climate Risk / NatCat Solutions): Munich Re develops and licenses climate and natural catastrophe risk models used by insurers and governments globally. Its NatCat solutions serve overlapping use cases (underwriting, accumulation, pricing) as First Street's insurance customer segment but from a deep reinsurance incumbency.
Emerging players
- Climate Check: Climate Check provides property-level climate risk scores (flood, wildfire, heat, wind) integrated into real estate platforms, directly overlapping with First Street's property analytics and Zillow/Redfin distribution play.
Others
- Woodwell Climate Research Center: Woodwell is a nonprofit climate science research institution producing climate risk datasets and models. It is comparable to First Street Foundation's nonprofit origins and methodologically adjacent, though not a direct commercial competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
First Street social profiles
Digital presenceFirst Street financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Street leadership team
Management profileNumber of profiles
Profiles3 records
First Street funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Street M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Street
What does First Street do?
First Street develops and licenses a physics-based climate risk financial modeling platform that quantifies physical climate hazards (flood, wildfire, extreme wind, heat, and air quality) at the property level across more than 2 billion structures worldwide. The platform supplies enterprise-grade analytics to banks, insurers, asset managers, REITs, and infrastructure operators for underwriting, due diligence, capital allocation, and regulatory compliance, and has expanded to include the Company Module and Complex Assets Module that translate physical climate risk into financial outcomes (earnings, credit, valuations).
Is First Street a public or private company?
First Street is a private company. It is classified as corporate owned and is currently acquired.
When was First Street founded?
First Street was founded in 2016. It employs 51 to 100 people.
Where is First Street based?
First Street is headquartered in Brooklyn, United States, in the North America region.
How does First Street make money?
Three revenue lines are on record. Climate Risk Data Analytics Licensing is the primary driver. The others are data Distribution Partnerships and platform Integration Services.
Who are First Street's main competitors?
Direct peers on record are Jupiter Intelligence, Cervest, The Climate Service (now part of S&P Global Sustainable1) and XDI (Cross Dependency Initiative). Broad incumbents are RMS (Risk Management Solutions, now Moody's), Moody's Climate Risk Solutions, S&P Global Sustainable1 and Munich Re (Climate Risk / NatCat Solutions). Climate Check is listed as an emerging player. Woodwell Climate Research Center is listed as an others.
Does First Street have an API?
No public API is recorded for First Street.
What industry is First Street in?
First Street's product category is Climate Risk Analytics Software. Its primary akta.pro industry code is EUABALAC, Asset- & Location-Level Exposure/Vulnerability Analytics (Geospatial, Digital Twins, Critical Infrastructure), with a secondary code of EUABALAE, Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers). Its NAICS code is 523940 and its SIC code is 6282.