Lotic Labs

What Lotic Labs does

Lotic Labs, Inc. is a private US software company that converts weather and environmental data into financial risk metrics for enterprises in weather-sensitive industries. The company's flagship BottomLineWeather platform is built on a proprietary geospatial indexing system that integrates weather (temperature, precipitation), environmental (streamflow), remotely sensed (landcover, biomass), and economic (commodity and freight prices) datasets, then applies AI-powered modeling to translate environmental conditions into asset- and portfolio-level financial exposure. The platform comprises six integrated modules: riskExplore and riskConnect for risk discovery and driver identification; riskTrack and riskCast for real-time monitoring and forecast-to-financial mapping; and riskManage and riskPrice for strategy optimization and parametric insurance product design and execution.

Lotic Labs serves six verticals—water utilities, insurance and reinsurance, green infrastructure, agriculture, beverage and bottling, and data centers—selling primarily to risk managers, CFOs, and operations teams. Distribution is enterprise direct sales with quote-based annual pricing and a demo-gated funnel; no public pricing tiers, customer logos, or revenue figures are disclosed. The company maintains a multi-office US footprint with offices in Boston, Chapel Hill, and Chicago alongside a Hingham, Massachusetts headquarters.

Lotic Labs was founded in 2016 and has raised approximately $1.25M in cumulative reported funding across three rounds, including National Science Foundation grants in 2017 and 2019 and Techstars/Evergreen Climate Innovations participation in 2018. Leadership includes CEO Ben Foster and co-founders William Tynan, Matthew Strongin, and Matthew Marshall, who also serves as CTO. Reported headcount is 1-10 employees.

Name

Lotic Labs

Legal name

Lotic Labs, Inc.

Website

https://loticlabs.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Lotic Labs provides the BottomLineWeather SaaS platform, which converts weather and environmental data into financial risk metrics for enterprises in water utilities, insurance, agriculture, beverage, green infrastructure, and data center verticals.

Ownership category

akta.pro rank

Product category

Weather Risk Management Software

NAICS

Software Publishers (513210), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

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

akta.pro secondary industries

Adaptation & Resilience Planning Platforms (CAPEX Prioritization, Cost–Benefit, NBS) (EUABALAH), Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers) (EUABALAE), Climate Risk Data & Benchmarking Services (Hazard Layers, Loss Databases, Indices/Scorecards) (EUABALAL)

Keywords

• Weather risk management
• Climate risk analytics
• Parametric insurance software
• Geospatial risk modeling
• Enterprise risk SaaS

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. BottomLineWeather Platform Subscription: SaaS platform subscription model for weather risk management software. The platform provides risk discovery, tracking, forecasting, and management tools delivered as a cloud-based service to enterprise customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Lotic Labs sells the BottomLineWeather SaaS platform that helps enterprises discover, track, forecast, and manage weather-related financial risk. The platform integrates geospatial weather, environmental, remotely-sensed, and economic data and uses AI-driven statistical and simulation models to quantify exposure at the asset and portfolio level for verticals such as water utilities, insurance, agriculture, beverage and bottling, and data centers.

Product overview

Lotic Labs offers BottomLineWeather, a unified platform for managing weather risk. The platform comprises six integrated modules: riskExplore and riskConnect for risk discovery and analysis, riskTrack and riskCast for real-time monitoring and forecasting, and riskManage and riskPrice for strategy optimization and parametric insurance pricing. The platform uses AI-powered modeling tools and innovative geospatial indexing to integrate weather, environmental, remotely sensed, and economic data.

Differentiator

Problem solved

Functional benefit

Brands

• BottomLineWeather: The company's primary software platform for managing weather risk, featuring AI-powered modeling tools to tie environmental and economic data to financial and operational reality.
• riskExplore
• riskConnect
• riskTrack
• riskCast
• riskManage
• riskPrice

Products and services

• BottomLineWeather Cloud-based SaaS platform that integrates weather, environmental, remotely-sensed, and economic data via a proprietary geospatial indexing system and applies AI-powered statistical and simulation modeling to discover, track, forecast, and manage weather-driven financial risk at the asset and portfolio level for enterprises.

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Jupiter Intelligence: Jupiter Intelligence provides climate risk analytics for physical and transition risk across asset and portfolio levels for insurers, financial institutions, and corporates. It is a direct competitor to Lotic Labs' BottomLineWeather platform in turning climate and environmental data into financial risk insights for enterprise buyers.
• The Climate Service: The Climate Service translates climate science into financial risk analytics for corporate users, including scenario analysis and asset-level exposure. It overlaps directly with Lotic Labs' riskExplore, riskConnect, and riskCast tools in serving enterprise risk and finance teams.
• Cervest: Cervest offers an AI-driven climate intelligence platform quantifying physical climate risk for assets, portfolios, and supply chains, aimed at financial and corporate decision-makers. It overlaps with Lotic Labs' geospatial risk engine and asset/portfolio analytics modules.
• Risilience: Risilience provides a climate risk analytics platform specifically for financial institutions and corporates, combining physical and transition risk with financial impact modeling. It competes with Lotic Labs for climate-aware CFO, risk, and sustainability buyers.

Broad incumbents

• Moody's RMS: Moody's RMS is the dominant catastrophe and climate risk modeling platform for the insurance industry, providing hazard, vulnerability, and financial loss analytics. It is a broader incumbent serving many of the same insurance and reinsurance buyers that Lotic Labs targets via its riskPrice module.
• Verisk Climate Risk Analytics: Verisk offers climate and property risk analytics as part of a broader insurance and risk data franchise. Its Touchstone and related products overlap with Lotic Labs' quantitative risk modeling for insurers and financial institutions at the portfolio level.
• Munich Re (NatCat / Climate Risk): Munich Re runs extensive climate, weather, and parametric analytics through its NatCat and innovation units, and is also a major buyer of parametric risk capacity. It is both a potential competitor in risk analytics and a strategic buyer/intermediary for riskPrice-style parametric contracts.
• DTN (Weather & Climate Analytics): DTN supplies operational weather, agronomic, and climate analytics used across energy, agriculture, and commodity trading, with financial risk use cases. It overlaps with Lotic Labs' agriculture and economic-data value propositions and represents a broad incumbent in weather-driven business analytics.

Emerging players

• XDI (Cross Dependency Initiative): XDI provides climate risk data and analytics focused on physical asset and infrastructure exposure across geographies, similar in orientation to Lotic Labs' asset-level geospatial risk engine. It is a smaller, more specialized alternative serving overlapping infrastructure and insurance buyers.
• Acclimatise: Acclimatise is a climate adaptation advisory and analytics firm translating climate and water risks into financial and operational impacts. It competes with Lotic Labs for green infrastructure, water utility, and corporate adaptation buyers, though primarily as advisory services rather than self-service SaaS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/loticlabs

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors3 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 Lotic Labs