Company

Understory, Inc.

Understory, Inc. is a Wisconsin, US insurance technology company providing climate risk insurance for severe weather losses.

About

Based in Wisconsin, US, and founded in 2012 by CEO Alex Kubicek, Alexander Jacobs and Bryan Dow, Understory operates an insurance technology platform for climate risk. In June 2024, the company raised USD 13.5 million in a Series A round co-led by True Ventures and Prelude Ventures, valuing it at USD 40.67 million post-money. Its platform uses solar-powered dot weather sensors and a hyperlocal climate risk engine to support loss detection, claims processing and loss mitigation.

7Funding rounds

9Investors

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