According to filings with the U.S. Securities and Exchange Commission, Understory is raising $13,128,329.00 in new funding. Sources indicate that as part of senior management President, Alexander Kubicek played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Understory
Traditional insurers lack the tools to accurately assess and price this unprecedented risk. As a result, coverage is becoming unaffordable or unavailable when its needed most. Traditional insurance is no longer enough. Understory is closing the climate coverage gap with insurance products built atop its unrivaled weather risk model, allowing the company to assess and price severe weather risks around the world with precision. The model is powered by a growing, global network of ground-based Dot weather sensors, the most accurate, maintenance-free and fraud-proof weather sensor that can be affordably deployed. When severe weather strikes, Understory detects it and triggers a payout without the typical, burdensome claims process. Ultimately, Understory allows capital to quickly flow where its needed after a disaster, protecting everything from automobiles to the worlds food supply.

To learn more about Understory, visit http://understoryweather.com/

Contact:
Alexander Kubicek, President
608-416-7752
https://www.linkedin.com/in/alexkubicek/

SOURCE: http://www.intelligence360.io
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