CLOUD TO STREET

The AI platform for parametric flood insurance -- covering the flood risks that traditional insurance cannot reach.

Specialty Solutions Growth Series A

Overview

Floodbase (formerly Cloud to Street) is an AI platform that enables parametric flood insurance for previously uninsurable flood risks worldwide. Founded in 2016 by Bessie Schwarz and Dr. Beth Tellman -- who met as Yale School of the Environment master's students -- the company began as a satellite-based flood mapping research tool and evolved into an end-to-end data platform. The company rebranded from Cloud to Street to Floodbase in January 2023 as it expanded from research into commercial insurance product delivery.

The platform addresses a massive protection gap: 83% of global economic flood losses over the past decade were uninsured, and 70% of the world's flood-vulnerable locations lack traditional flood maps. Floodbase uses 17+ observational data sources -- satellite imagery, water gauge data, machine learning, and climate data science -- to deliver continuous flood monitoring independent of cloud cover, enabling insurers to underwrite parametric flood insurance anywhere on Earth.

Since its 2023 Series A, Floodbase has operated across 40+ countries, enabled more than 9,000 flood insurance policies, and has become the preferred parametric flood partner for leading re/insurers including Swiss Re Corporate Solutions, Liberty Mutual Re, and AXA Climate.

Products & Services

Parametric Flood Insurance Platform

End-to-end system for designing, pricing, and distributing parametric flood insurance products. Enables insurers and reinsurers to underwrite flood risk in any location globally, including areas with no traditional flood maps.

Key Features

Automatic payout triggering within days of flood events -- no claims adjustment process
Coverage structures include deductible buydown, wrap-around, primary, and excess layers
Use cases span business interruption, crop loss, disaster response, and non-property damages
Covers locations where 70% of global flood vulnerability exists but traditional flood maps are absent

Target Users: Carriers, reinsurers, brokers, municipalities, corporations

Flood Event Mapping

Continuous real-time flood monitoring and detection across the United States and globally, updated hourly. Uses 17+ observational data sources to detect and measure flood events independent of cloud cover.

Key Features

Cloud-cover-independent monitoring using satellite imagery and earth observation data
Hourly flood mapping fusing satellite data with hydrologic and environmental datasets
Global Flood Database covering events from 2000 to present
Supported FEMA during 2024 hurricane season -- mapped 500,000+ square miles across nine states during Hurricane Helene

Target Users: Insurers, reinsurers, government agencies, humanitarian organizations

Automatic Quoting API

Automated quoting infrastructure allowing brokers to price parametric flood covers in minutes for small and mid-sized commercial clients.

Key Features

Instant quote generation with multiple optimized structures and pricing options
Powers the Liberty Mutual Re joint quoting application for US commercial market
Enables wholesale and retail brokers to price and bind without manual actuarial review

Target Users: Wholesale and retail insurance brokers

Risk Analysis Tools

Identification and assessment of uncovered flood risk in insurer and corporate portfolios. Helps clients understand exposure gaps and model the financial impact of parametric product designs.

Emergency Disaster Response Solutions

Flood data and financial protection tools for governments, infrastructure owners, and humanitarian organizations responding to climate disasters.

Target Users: Government agencies, NGOs, FEMA, United Nations, World Food Programme

At a Glance

Founded: 2016
Headquarters: Brooklyn, New York, USA
Employees: 11-50
Funding: Series A

Category & Focus

Category: Specialty Solutions
Subcategories: Parametric Insurance Climate Risk Intelligence Flood Risk Analytics
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Brokers, MGAs/MGUs, Reinsurers

Customers

Liberty Mutual Re (joint parametric quoting platform, launched February 2026)
Swiss Re Corporate Solutions (preferred parametric flood partner)
AXA Climate (preferred parametric flood partner)
Amwins (California municipal flood insurance program, backed by A+ AM Best carrier)
Yokahu (parametric flood coverage for New Orleans businesses, April 2025)
Aon (parametric storm surge solution with Swiss Re, February 2025)
City of Fremont, California (citywide parametric flood coverage, March 2025)
FEMA (continuous flood mapping during 2024 hurricane season)
United Nations / World Food Programme
The New York Times