Vidavo Ventures

Floodbase is a developer of a remote sensing platform that utilizes satellites and artificial intelligence to monitor floods in real-time. This innovative technology enables the observation of flood events without the need for ground equipment, employing algorithms to navigate challenging terrains and eliminate cloud cover to provide clear visibility of flood conditions. The platform assesses risks to individuals and assets, identifies blocked roads, and quantifies damage to property and agriculture. Additionally, Floodbase offers a feature that allows insurers to integrate flood protection into existing wind parametric policies, creating comprehensive hurricane parametric insurance solutions. This approach aims to extend flood insurance coverage globally, effectively addressing significant protection gaps in flood risk management for catastrophe insurers, communities, and watershed managers.