43. Climate X

Just Started Award Shortlisted

For companies which were started in 2021/22 and have already demonstrated impressive growth, success, or disruption in their field.

Startups 100: Just Started Awards

Founders: Lukky Ahmed and Kamil Kluza
Founded: 2021
Website: climate-x.com

The world is unpredictable and rapidly changing, with climate change emerging as the biggest humanitarian and economic threat of our time – but what if your business had the ability to tell the future?

Climate X offers its clients that insight.

The London-based company says its software, Spectra, uses “trillions of points of data” to help organisations identify the likelihood and danger posed by weather events that will happen decades into the future.

This gives clients the chance to prepare for disasters, meaning all their hard work might not be destroyed by natural events that are out of their control. How’s that for a USP?

Imagine Dr Strange in the Avengers movie scanning all possible futures before devising his battle strategy against Thanos, but with climate

As well as risk ratings, the peer-reviewed programme also offers on-demand loss estimates.

Climate X told us that Spectra essentially builds “a digital twin of the earth. This enables us to switch on the laws of physics and weather systems across the world, in tiny grid squares, to see how different extremities of weather conditions will impact those locations.”

Or to simplify it for us mere non-techies, the founders techsplain,
“Imagine Dr Strange in the Avengers movie scanning all possible futures before devising his battle strategy against Thanos, but with climate!”

Climate X says Spectra works at “up to 95% accuracy”, which is an enormous help to organisations who are understandably worried about their assets being wiped out without warning.

After raising £1.1 million between January and July 2021, founders Ahmed and Kluza have brought in experts in financial services, technology, and climate science.

We envisage being a billion-pound business, with a network of global customers, and playing an integral role in helping build sustainable communities and safeguarding those at risk.

One of these big guns include Dr Kimberley Miner, who forecasts climate risks as a Scientist and Systems Engineer at the NASA Jet Propulsion Lab in California.

The company tells us that in five years, “We envisage being a billion-pound business, with a network of global customers, and playing an integral role in helping build sustainable communities and safeguarding those at risk.”

Somehow, Startups thinks this is one prediction that will come true…