True Flood Risk

Name

True Flood Risk

Legal name

Think Geohazards, Inc.

Website

https://truefloodrisk.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Climate Risk Analytics / Flood Risk Intelligence Software

NAICS

Computer Systems Design and Related Services (5415), Geophysical Surveying and Mapping Services (541360)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)

akta.pro secondary industries

Climate Risk Data & Benchmarking Services (Hazard Layers, Loss Databases, Indices/Scorecards) (EUABALAL), Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Flood Risk Modeling, Mapping & Forecasting (Hydrology/Hydraulics, Digital Twins) (EUANAEAH)

Keywords

• Flood risk analytics
• Climate risk intelligence
• Property risk assessment
• Catastrophe modeling
• Structural elevation data

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. API Access / Platform SaaS: SaaS platform providing access to FFH estimates, risk scores, EAL calculations, and climate stress testing via REST API (1-2s response) or interactive platform. Delivered as subscription or usage-based API credits.
2. Assessment Reports: Property-level flood risk assessment reports ordered individually or in bulk. Free tier provides 3 property lookups; full reports available for purchase.
3. Data Licensing / White-Label: Enterprise licensing for white-label data feeds, co-branded platform features, and bulk data delivery to climate platforms, catastrophe models, ESG scoring engines, and risk aggregators.
4. Batch Data Delivery: Bulk CSV data transfer of FFH/FFE values with full risk attribution per parcel for GIS integration, portfolio analysis, and regulatory disclosure workflows.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

True Flood Risk sells an AI-driven SaaS platform that estimates a building's First Floor Height (FFH) using patented computer vision, then fuses that structural elevation data with flood, storm surge, sea level rise, and SSP climate-scenario hazard models to deliver property-level risk intelligence (Expected Annual Loss, vulnerability scores, stress tests, mitigation routing) for 350M+ structures globally via API, web platform, batch data feeds, and white-label licensing.

Product overview

True Flood Risk is a unified SaaS platform built around its patented First Floor Height (FFH) technology — a computer-vision AI that estimates structural elevation for 350M+ buildings globally in under 2 seconds via REST API. The platform layers FFH data with hazard models (flood zones, storm surge, sea level rise, SSP climate scenarios) to produce Expected Annual Loss, Value at Risk, building vulnerability scores, and optimal mitigation routing. Delivery mechanisms include the interactive web platform, REST API (1–2s single/batch), CSV/direct data transfer, GIS layer integration (ESRI ArcGIS, QGIS, MapInfo), and white-label options for climate platforms and data aggregators.

Differentiator

Problem solved

Functional benefit

Products and services

• True Flood Risk Platform AI-driven flood risk intelligence SaaS platform that delivers property-level FFH-based structural vulnerability assessment, Expected Annual Loss (EAL) calculations, climate scenario stress testing (SSP 2.6, 4.5, 8.5 to 2050), Building Vulnerability Scores, and optimal mitigation routing for 350M+ structures globally. Sold to insurers, governments, institutional investors, engineers, and property owners.
• True Flood Risk REST API Programmatic API product delivering FFH/FFE estimates and risk scores for single or batch property queries, used by enterprise clients for underwriting, pricing, portfolio workflow, and risk attribution per parcel. Designed for direct integration into underwriting platforms, catastrophe models, ESG scoring engines, and risk aggregators.
• Property Risk & Resilience Assessment Reports Property-level flood risk and resilience assessment reports ordered individually or in bulk, including sample Flood Insurance Portfolio Assessment and Community Resilience Report. Targets property owners and real estate professionals for point-in-time buying, selling, or renewal decisions, and supports enterprise portfolio assessments.
• White-Label & Enterprise Data Licensing White-label and OEM licensing of True Flood Risk's AI-derived FFH/FFE data and risk analytics for embedding into partner platforms and catastrophe models. Delivered via custom data feeds, co-branded platform features, and bulk data transfer; used by climate platforms, cat modelers, ESG scoring engines, and risk aggregators.

Quantifiable outcome

• ~20-30% improvement in loss ratios for insurers
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and supporting.

• NearmapcoreTechnology or IntegrationIntegration partner providing aerial imagery data that supports True Flood Risk's AI computer vision analysis for FFH estimation across 350M+ structures globally.
• KatRiskcoreTechnology or IntegrationClimate analytics platform integration partner. KatRisk integrates True Flood Risk's FFH data into their catastrophe modeling and risk assessment platforms.
• LinquracoreTechnology or IntegrationData integration partner for enriching climate risk analytics with structural elevation data layer.
• GuidewirecoreTechnology or IntegrationInsurance platform integration enabling True Flood Risk FFH data to be embedded into Guidewire's insurance management systems for underwriting and claims processing.
• Swiss RecoreTechnology or IntegrationStrategic reinsurance partner providing Fathom/Swiss Re U.S. Flood Map 3.0 hazard data. Swiss Re validates True Flood Risk's FFH technology for catastrophe modeling and has endorsed the technology in their 'Flood Risk: Chasing Away an Unwanted Houseguest' blog (April 2025).
• FathomcoreTechnology or IntegrationFathom/Swiss Re U.S. Flood Map 3.0 provides high-resolution flood modeling data integrated with True Flood Risk's FFH technology for comprehensive property-level hazard analysis.
• RiskFootprintcoreTechnology or IntegrationRiskFootprint™ licensed True Flood Risk's AI-derived Finished Floor Height data covering over 300 million U.S. buildings for integration into their Version 18 platform, restoring FEMA NRI loss metrics.
• City of Norfolk, VAflagshipStrategic or Co-development PartnerGovernment customer and partner for flood risk and mitigation analysis across 54,622 properties in 12 ZIP codes. Norfolk uses True Flood Risk for resilience planning and emergency management.
• City of Hampton, VAflagshipStrategic or Co-development PartnerGovernment customer and partner for flood risk and resilience analysis across 38,111 properties in 10 ZIP codes. Partnership demonstrates government go-to-market strategy.
• NEMA AustraliaflagshipStrategic or Co-development PartnerNational Emergency Management Agency partner for real-time flood monitoring during Tropical Cyclone Alfred (March 2025). Demonstrates federal government emergency response use case.
• Public Safety CanadaflagshipStrategic or Co-development PartnerFederal emergency management partner for flood risk intelligence and resilience planning in Canada.
• University of Florida FIBERsupportingStrategic or Co-development PartnerAcademic research partnership for flood risk modeling and resilience research.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Others

• Nearmap: Nearmap is an aerial imagery provider and key upstream supplier of input data for True Flood Risk's FFH estimation. Not a direct competitor but a critical infrastructure partner and potential vertical integrator.

Emerging players

• Climate X: Climate X offers a climate risk data platform targeting financial institutions and asset managers. It is an emerging player in property- and asset-level physical climate risk, partially overlapping with True Flood Risk's investor use case.
• XDI (Cross Dependency Initiative): XDI provides physical climate risk analytics for infrastructure and real estate. It is an emerging player partially overlapping with True Flood Risk in property-level hazard and climate risk intelligence.

Broad incumbents

• RMS (Moody's RMS): RMS is the dominant catastrophe risk modeling platform serving global (re)insurers. It is a broad incumbent whose flood model overlaps with True Flood Risk's underwriting and portfolio analytics use cases.
• CoreLogic: CoreLogic provides property data, analytics, and flood risk information to US mortgage, insurance, and government markets. It is a broad incumbent in US property/flood intelligence overlapping with True Flood Risk's data licensing business.
• Verisk (ISO/PCS): Verisk provides analytics, data, and decision-support tools across the insurance value chain, including property and flood risk. It is a broad incumbent in the same buyer workflows as True Flood Risk.

Direct peers

• First Street Foundation: First Street provides property-level climate and physical risk scores across multiple perils. It is a direct competitor in delivering climate risk intelligence to insurers, investors, and government, with a similar per-parcel API distribution model.
• KatRisk: KatRisk is a catastrophe modeling firm integrating True Flood Risk's FFH data. It competes in flood and catastrophe modeling for (re)insurers and is a partner-competitor on portfolio-level risk analytics.
• Jupiter Intelligence: Jupiter Intelligence delivers climate risk analytics for infrastructure, real estate, and financial institutions. It directly competes with True Flood Risk in physical risk modeling for institutional investors and government.
• Fathom (Swiss Re): Fathom is the leading global flood hazard data provider, now owned by Swiss Re. It produces high-resolution flood maps and is both a partner (Fathom/Swiss Re U.S. Flood Map 3.0) and direct competitor in property-level flood analytics to True Flood Risk.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TrueFloodRisk
• LinkedInlinkedin.com/company/true-flood-risk

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about True Flood Risk