The most honest measure of climate risk is the price of insurance, or the lack of it. In San Diego, a team of economists and climate scientists is trying to write that price, one property at a time, using an algorithm.
FutureProof Technologies started in 2019 as a platform to quantify climate risk for asset managers and banks. Its pivot was pragmatic. Today, it operates as a digital managing general agent (MGA), using AI to underwrite and price property insurance for hurricane wind and flood, delivering instant quotes to wholesale brokers via an API [PR Newswire, June 2021]. The bet is that granular, real-time pricing can make insurance viable in places traditional carriers are fleeing.
From analytics to insurance policies
The company’s initial product was a climate-risk analytics engine, modeling financial effects on over 50,000 companies and assets [PR Newswire, June 2021]. That was a tool for investors to understand exposure. The current model is a tool for insurers to take on that exposure, for a price. The system automates quoting, underwriting, and policy management, aiming to price risk at a level of detail legacy systems cannot match [FutureProof careers].
Its first clear product market fit is in excess and surplus (E&S) lines for personal property in catastrophe-exposed areas. In May 2026, FutureProof launched a program for condo and renters insurance in the southeastern U.S., partnering with wholesale broker Bridge Specialty Group to target high-risk states like Florida and Texas [fintech.global, May 2026].
The team betting on granular data
The co-founding team brings academic heft and a focus on capital allocation. CEO Alisa Valderrama translated a passion for the environment into financial analytics and, ultimately, this insurance go-to-market [Alisa Valderrama on LinkedIn, 2026]. Her co-founder, Dr. Ashby Monk, is the executive director of Stanford University’s Global Projects Center and has a track record of founding companies that apply advanced analytics to investment decisions [Stanford Long-Term Investing]. The company was founded by a group of Ph.D. economists, climate scientists, and technologists [PR Newswire, June 2021].
This background is evident in the product’s construction. It’s not just a weather model slapped onto a policy form. The claim is a financial model that projects asset-level losses from specific perils, turning climate projections into underwriting decisions [FutureProof careers].
Funding and expansion through acquisition
FutureProof announced a $3 million seed round in June 2021, led by Innovation Endeavors with participation from MS&AD Ventures and Blackhorn Ventures [PR Newswire, June 2021]. Other investors like AXIS Digital Ventures and Cyan Ventures are also listed in company materials [Clean Energy Ventures job board]. The company has since been reported to have raised significantly more, with figures ranging from $10 million to over $16 million in later, uncaptured rounds [BUILDERS - Apple Podcasts, 2026] [CB Insights] [PitchBook].
A portion of that capital funded an acquisition to broaden its peril coverage. In November 2025, FutureProof acquired Terrafuse AI, a provider of wildfire risk analytics, combining its underwriting platform with patented wildfire prediction technology [Yahoo Finance, November 2025].
| Investor | Type | Note |
|---|---|---|
| Innovation Endeavors | Venture Capital | Lead investor, $3M seed round (2021) [PR Newswire, June 2021] |
| MS&AD Ventures | Corporate Venture | Participant in seed round; strategic insurance investor [PR Newswire, June 2021] |
| Blackhorn Ventures | Venture Capital | Seed round participant [PR Newswire, June 2021] |
| AXIS Digital Ventures | Corporate Venture | Listed as a funder in company materials [Clean Energy Ventures job board] |
| Cyan Ventures | Venture Capital | Listed as a funder in company materials [Clean Energy Ventures job board] |
Where the model meets the market
The ambition is large, but the risks are concrete. FutureProof is not just selling data; it is acting as an insurer, assuming risk through its MGA structure. This means its algorithms must be right not just in theory, but across thousands of properties through actual storm seasons. The competitive set includes other climate-risk analytics firms like Climate X and Intensel, but the more direct pressure comes from the entire traditional property insurance industry, which has decades of loss data and the capital to wait out bad bets.
- Model risk. The core product is a proprietary AI model. If it systematically misprices risk,either too high, making policies uncompetitive, or too low, leading to outsized losses,the business falters. Historical hurricane data is a poor guide to a warming climate, creating inherent uncertainty.
- Capital dependency. Underwriting risk requires capital. Scaling as an MGA likely means securing reinsurance partnerships or significant additional funding to back larger books of business.
- Distribution depth. Success hinges on wholesale brokers using its API. It must become the easiest, most reliable source for hard-to-place coverage, building loyalty in a broker channel that shops every submission.
The company’s answers to these risks are its granular data approach and automation. By pricing at the property level, it aims to find insurable pockets within seemingly uninsurable regions. By automating the process, it reduces friction for brokers, hoping to win on speed and specificity.
The math of a resilient premium
Consider a coastal condo building in Florida that a standard carrier won’t touch. If FutureProof’s model can identify that the building’s specific elevation, construction, and flood defenses reduce its expected annual loss by 40% compared to the zip-code average, it can offer a premium that reflects that. On a building with a traditional premium of $10,000 (if available), that’s a $4,000 discount that still aligns with the startup’s risk model. That’s the granular edge it’s selling: not just a price, but a price that rewards resilience and attracts precisely the customers its model says are safer.
For FutureProof to prove its model, it must do more than price risk accurately. It must convince the market, one binding quote at a time, that its algorithm is a more reliable partner than the gut instinct and broad-brush pricing of the incumbent carriers it seeks to complement. The next hurricane season is always the test.
Sources
- [PR Newswire, June 2021] FutureProof, A Climate Risk Analytics Startup, Announces Public Launch | https://www.prnewswire.com/news-releases/futureproof-a-climate-risk-analytics-startup-announces-public-launch-301321942.html
- [FutureProof careers] Careers Page | https://futureprooftech.io/careers/product-engineer/
- [Clean Energy Ventures job board] Job Board Listing | https://jobs.cleanenergyventures.com/companies/futureproof-technologies
- [fintech.global, May 2026] FutureProof Launches Personal Lines Program | https://fintech.global/futureproof-technologies-launches-new-personal-lines-program-targeting-condo-and-renters-insurance-in-catastrophe-exposed-areas/
- [Alisa Valderrama on LinkedIn, 2026] LinkedIn Post | https://www.linkedin.com/posts/alisa-valderrama-3209558b_alisa-valderrama-co-founder-and-ceo-of-futureproof-activity-7043940872140320768-StA3
- [Stanford Long-Term Investing] Ashby Monk Profile | https://longterminvesting.stanford.edu/people/ashby-monk
- [Yahoo Finance, November 2025] FutureProof Acquires Terrafuse AI | https://finance.yahoo.com/news/futureproof-technologies-acquires-terrafuse-ai-133000177.html
- [BUILDERS - Apple Podcasts, 2026] Podcast Episode with Alisa Valderrama | https://podcasts.apple.com/us/podcast/alisa-valderrama-co-founder-and-ceo-of/id1619104989?i=1000604369980
- [CB Insights] Company Profile | https://www.cbinsights.com/company/futureproof-technologies
- [PitchBook] Company Profile | https://pitchbook.com/profiles/company/424337-04