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The round was led by UK investors Draper Esprit and includes Salesforce billionaire Marc Benioff. Cervest founder and CEO Iggy Bassi walked Insider through the pitch deck he used to raise the round. See more stories on Insider's business page.", "slideCount": 14, "companyName": "Cervest", "description": "Climate-risk software maker Cervest said on Thursday that it raised a $30 million Series A round. The round was led by UK investors Draper Esprit and includes Salesforce billionaire Marc Benioff. Cervest founder and CEO Iggy Bassi walked Insider through the pitch deck he used to raise the round. See more stories on Insider's business page. Cervest;; a company that creates data analysis tools to forecast the impact of climate change on real estate;; announced on Thursday that it has raised a $30 million Series A round. Led by UK-based venture firm Draper Esprit;; the round also includes funding from UNTITLED;; the venture fund of Swedish food packaging heir Magnus Rausing;; and TIME Ventures;; the fund of Salesforce billionaire Marc Benioff. It also includes returning investors Atanor Ventures;; Lowercarbon Capital;; and Future Positive Capital. Cervest raised a $6.2 million seed round in 2019. The London-based company is also unveiling its first product;; EarthScan;; software that provides asset-level projections about the potential effects of future climate events — from flooding to fire to drought — using climate science;; satellites;; and machine learning. Cervest CEO and founder Iggy Bassi told Insider that the firm plans to build out a suite of \"climate intelligence\" tools in the future. Before launching Cervest;; Bassi worked as a consultant;; an investment banker;; and a software engineer. He came up with the idea for Cervest while co-founding and helping to run a farming business in Ghana called GADCO Cooperatief UA. Even though company was well-funded and well-staffed;; Bassi realized he had no way to understand how climate change was effecting the fields' yields. Eventually;; as part of founding Cervest;; he worked with mathematicians to understand how to \"quantify climate risk;;\" Bassi told Insider. As he learned more;; he realized that the complexity of climate change was preventing companies from making decisions based on its likely effects. Instead;; corporations were burying their heads in the sand;; avoiding the issue unless it actually affected one of their assets. \"Climate is not a one-time issue that you can fix;;\" Bassi said. \"It's not a software bug.\" He envisions Cervest as a repository for data about climate impact worldwide that will also allow users to zero in on how it will interact with their own holdings. At the most basic level;; property owners can use EarthScan to see the potential climate risks to their own portfolio. Users could also use it to make decisions about purchasing properties;; banks could use it to make decisions about lending;; and insurers could use it to underwrite their policies. \"The further we got into the investment process;; the more potential use cases we heard;;\" Bassi said. It could even be used by companies during during merger-and-acquisition processes so that they can underwrite climate risk into their negotiations or by local governments trying to forecast their urban-planning needs. Before EarthScan;; asset-level climate projections were only available to those who can hire teams of consultants to create expensive reports. Cervest;; through machine learning and connecting multiple massive data sets;; has already computed data on 150 million buildings worldwide;; and expects to have data on 500 million by the end of the year. Customers can track up to five buildings for free;; but have to pay if they want to add more. Even the gratis access opens up the platform to small-time landlords and potentially even homeowners. \"If you want mass change;; you need mass intelligence;;\" Bassi told Insider. The company has launched EarthScan with roughly 20 corporate customers at first;; but plans to release it more widely in the third quarter of the year. 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