Climate X

What Climate X does

Climate X is a London-based climate physical risk and resilience data analytics company that builds an asset-level climate risk intelligence platform for financial institutions, real estate investors, insurers, and large corporates. Its core product, Spectra, covers 1.5 billion physical assets across more than 100 countries and 11 hazard types at up to 30-meter resolution, applying IPCC-aligned multi-pathway scenario analysis (SSP1-2.6 through SSP5-8.5) and a proprietary ML-based vulnerability modelling engine to translate physical hazards into financial loss metrics aligned with TCFD, IFRS S2, ECB, CSRD, and SEC frameworks. The platform is extended through complementary modules including Adapt (adaptation planning with ROI quantification against ISO 14090/14091 and EU Taxonomy), Carta (AI-driven corporate asset mapping covering 18.7 million companies), Infrastructure Screener (rapid risk screening for solar, wind, transmission, and pipeline assets), and Adaptation Finance (a banking product targeting the climate resilience financing opportunity).

The company generates revenue primarily through annual enterprise SaaS subscriptions priced on a quote basis by asset volume, geographic scope, scenario complexity, and integration depth, complemented by a self-serve SaaS/API channel for mid-market users and a partner-led distribution motion through Savills Investment Management, CBRE, Capgemini, Mitie, Equans, Orbis Advisory, and UK Finance. Founded in 2020 and venture-backed across a 2021 pre-seed, a 2022 seed (£4.1M co-led by CommerzVentures and A/O PropTech with Deloitte LLP), and a 2024 Series A (~$17.7M led by Google Ventures), Climate X reports that clients collectively manage over $13.5 trillion in assets on its platform. Operations are anchored in London with a regional headquarters in New York, headcount of 51-100, and ISO 27001 and ISO 14001 certifications.

Name

Climate X

Legal name

Climate X

Website

https://climate-x.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Climate Risk Analytics Software

NAICS

Computer Systems Design and Related Services (54151), Environmental Consulting Services (541620), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Asset- & Location-Level Exposure/Vulnerability Analytics (Geospatial, Digital Twins, Critical Infrastructure) (EUABALAC)

akta.pro secondary industries

Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG), Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers) (EUABALAE), Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF), Adaptation & Resilience Planning Platforms (CAPEX Prioritization, Cost–Benefit, NBS) (EUABALAH), Downscaled Climate Projections & Scenario Analytics (CMIP, SSP/RCP, Regionalization) (EUABALAB)

Keywords

• Climate risk analytics
• Physical risk assessment
• Climate scenario modelling
• TCFD compliance software
• Asset vulnerability modelling

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscription: Climate X operates primarily as a B2B SaaS company generating recurring subscription revenue from enterprise and mid-market clients. Customers access the platform on an annual subscription basis, with pricing tiers based on asset volume, coverage scope, and feature set. The subscription model includes platform access, data entitlements, scenario runs, and reporting.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Climate X provides a cloud-native SaaS climate risk intelligence platform that quantifies physical climate risk at asset and portfolio level for financial institutions, real estate firms, insurers and corporates. Its core product Spectra translates physical climate hazards into financial loss metrics across 1.5 billion assets in 100+ countries, supported by additional modules (Adapt, Carta, Adaptation Finance, Infrastructure Screener) for adaptation planning, corporate asset mapping, adaptation financing and infrastructure screening. The platform is delivered via subscription, self-serve access and an Enterprise API, aligned to TCFD, IFRS S2, ECB, CSRD and SEC reporting frameworks.

Product overview

Climate X offers a modular climate risk intelligence platform centered on Spectra as the core physical climate risk analytics engine. The platform integrates with two key modules: Adapt (climate adaptation planning with ROI quantification) and Carta (global corporate asset mapping for 18.7 million companies). Additional offerings include Adaptation Finance (connecting banks with resilience financing opportunities) and Infrastructure Screener (rapid risk assessment for complex infrastructure assets). The platform is trusted by institutions managing over $13 trillion in AUM and aligns with major regulatory frameworks including TCFD, IFRS S2, ECB, CSRD, and SEC.

Differentiator

Problem solved

Functional benefit

Brands

• Spectra: Physical climate risk analytics platform delivering asset-level financial loss metrics for banks, real estate, and financial services. Covers 1.5 billion assets globally with 11 physical hazards and multi-pathway climate scenarios.
• Adapt
• Carta
• Adaptation Finance
• Infrastructure Screener

Products and services

• Spectra Award-winning physical climate risk analytics platform that translates physical climate hazards into asset-level and portfolio-level financial loss metrics. Covers 1.5 billion assets globally across 11 physical hazards with up to 30-meter resolution, supporting regulatory compliance with TCFD, IFRS S2, ECB, CSRD and SEC frameworks. Targeted at banks, real estate firms, insurers and corporates requiring portfolio climate risk assessment.
• Adapt Climate adaptation planning software that quantifies capital expenditure and ROI for adaptation investments. Identifies 21 climate adaptation measures per asset, calculates implementation costs and loss savings, and generates 1-year and 10-year ROI projections. Based on ISO 14090/14091, UNFCCC and EU Taxonomy standards. For organisations planning asset-level climate resilience investments.
• Carta Global corporate asset mapping platform providing location data for 18.7 million public and private companies worldwide. Uses AI, ML, LLMs and satellite imagery to discover, classify and validate physical assets and subsidiaries across complex cross-border structures. Enables asset-level visibility and climate exposure assessment for corporate clients and financial institutions.
• Adaptation Finance Solution enabling banks to identify, assess and finance climate resilience opportunities. Identifies portfolios with highest exposure and financing ROI, provides due diligence through risk engineers, and enables banks to finance climate resilience at scale while generating new revenue streams. Targets the $2 trillion per year global climate resilience funding opportunity.
• Infrastructure Screener Climate risk screening tool for spatially complex infrastructure assets including solar farms, wind sites, transmission lines, pipelines, water utilities, roads and rail. Provides asset footprint mapping, sub-component screening across 11 hazards, and AI-enhanced narrative reports in minutes rather than weeks. Delivers audit-ready risk insight for infrastructure investors and operators.

Quantifiable outcome

• Over $13.5 trillion in assets under management are assessed on Climate X's platform by clients globally
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• Orbis AdvisorycoreStrategic or Co-development PartnerOrbis Advisory has partnered with Climate X to integrate climate-risk intelligence into its advisory offerings. The partnership enables Orbis Advisory to embed Climate X's asset-level hazard data and vulnerability scoring into its climate risk advisory engagements for corporate and financial sector clients.
• FathomcoreTechnology or IntegrationFathom, a leading provider of global flood risk data and modelling solutions, has partnered with Climate X to integrate its flood risk model data into Climate X's multi-hazard climate risk platform. This integration enriches Climate X's platform with best-in-class river, surface, coastal, and flash flood hazard data.
• MitiecoreStrategic or Co-development PartnerMitie, a UK-based facilities management and professional services company, has partnered with Climate X to bring climate resilience insights to Mitie's property and infrastructure management clients. The collaboration embeds Climate X's physical risk data into Mitie's service offerings, enabling proactive climate resilience planning across Mitie's managed estate.
• CapgeminicoreStrategic or Co-development PartnerCapgemini, a global management consulting and professional services firm, is a strategic partner for climate risk integration. Capgemini leverages Climate X's asset-level data and scenario analysis capabilities to deliver climate risk transformation programs to its enterprise clients across financial services and real estate.
• EquanscoreStrategic or Co-development PartnerEquans, a global leader in energy transition and infrastructure services, has entered a collaboration with Climate X to expand market presence and delivery expertise in the European climate risk market. The partnership combines Equans' infrastructure delivery capabilities with Climate X's risk analytics platform.
• Savills Investment ManagementcoreChannel Partner/ Reseller/ DistributorSavills Investment Management, a global real estate investment manager, is engaged with Climate X to assess climate risks across its managed real estate portfolios. Savills acts as a channel partner, integrating Climate X's climate risk intelligence into its investment due diligence and asset management processes.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Fathom: Fathom specializes in global flood risk modeling and data; Climate X integrates Fathom as a flood hazard layer, but Fathom also sells its data and analytics directly to insurers, governments, and consultancies.

Direct peers

• The Climate Service: The Climate Service provides climate risk analytics and stress-testing tools for financial institutions and corporates, focused on translating climate scenarios into financial impacts for investment and lending decisions.
• Cervest: Cervest offers AI-powered climate risk analytics (EarthScan) covering physical and transition risk for enterprises and asset managers, with comparable asset-level granularity and scenario analysis capabilities.
• Jupiter Intelligence: Jupiter Intelligence provides asset-level physical climate risk analytics for banks, insurers, and real estate firms using global hazard datasets and climate scenarios — the closest direct competitor to Climate X's Spectra platform.
• One Concern: One Concern delivers asset- and portfolio-level physical climate risk and resilience analytics for financial institutions, governments, and infrastructure operators, with similar scenario-based modeling and disaster impact forecasting.

Broad incumbents

• Munich Re (NatCatSERVICE): Munich Re operates NatCatSERVICE, one of the largest natural catastrophe databases globally, and provides climate risk analytics to insurers and reinsurers — an incumbent data and modeling competitor in physical risk.
• Moody's (RMS): Moody's acquired Risk Management Solutions (RMS), the dominant catastrophe modeling vendor for global insurers and reinsurers, and increasingly bundles climate physical risk analytics into Moody's broader credit and ESG offerings.
• MSCI Climate Risk (ex Carbon Delta): MSCI's climate risk products (originally Carbon Delta) provide physical and transition climate risk analytics integrated into MSCI's broader ESG and index data suite used by global asset managers.
• S&P Global Trucost: S&P Global's Trucost offers climate risk, carbon accounting, and ESG data to financial institutions and corporates as part of S&P's broader data and ratings portfolio.
• Bloomberg ESG & Climate: Bloomberg provides climate physical risk and ESG datasets integrated into its terminal, used by the same buy-side and risk professionals that Climate X targets in financial services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/climatexltd
• YouTubeyoutube.com/channel/UC8ZNL-gcBw62i0E5wIWrxaQ
• LinkedInlinkedin.com/company/climate-x

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Climate X