Reask
Reask is an IT company that builds climate forecasting tools, hazard models, and event response applications using machine learning.
Backed by
Collaborative Fund
SV Angeland Hawktail
Tencent
Mastry Ventures
Macdoch VenturesRaised 4.6M SEED on June 15, 2023
About
Reask provides AI-driven, high-resolution natural hazard modeling and weather risk analytics that generate forward-looking, physics-informed forecasts of extreme-event frequency and severity for insurers and asset managers.
Mission
Reask applies data science and AI to natural hazard modeling and high-resolution weather risk analytics and forecasting. It delivers proprietary weather modeling algorithms that learn climate physics to produce dynamic, forward-looking representations of atmospheric risk across multiple data sources. The company calculates the severity and frequency of extreme weather events to provide insights for insurers and asset managers seeking more accurate catastrophe forecasting. Early adopters include AXA, Swiss Re and a Big 4 accounting firm. Reask intends to use the new funding to add more hazard coverage and to grow its team internationally. The company is led by CEO Jamie Rodney and is based in Sydney, Australia.
Quick Facts
Founded
2018
Funding
SEED
Industry
Analytics, Artificial Intelligence (AI), Commercial Insurance, Information Technology, Insurance, InsurTech, Machine Learning, Property Insurance, Risk Management
Team Size
11-50
Headquarters
Sydney, New South Wales, Australia
Careers
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No open roles at this time.
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