Lotic Labs

Lotic Labs offers an environmental data science platform that utilizes proprietary models and data points to quantify the financial impacts of weather-related events such as droughts and floods. This enables clients, primarily in sectors like water utilities, agriculture, and insurance, to make more informed decisions regarding cash management, infrastructure investments, and insurance strategies. For water utilities, the platform helps in stabilizing revenues and improving financial forecasts by quantifying the effect of weather on water consumption. The company also serves the green infrastructure sector by quantifying the impact of water conservation investments.

The company's core product, the BottomLineWeather platform, integrates various data types, including weather, environmental, and economic data, through a geospatial indexing system. It features a suite of tools that allow users to understand, forecast, and manage their financial risks. The 'riskExplore' and 'riskConnect' tools help identify the primary drivers of financial risk using statistical modeling and AI. 'riskTrack' and 'riskCast' provide real-time information on weather exposure and generate financial forecasts. Furthermore, the 'riskManage' and 'riskPrice' tools support the development and evaluation of risk mitigation strategies, including the design of parametric insurance products.

Lotic Labs generates revenue through its software solutions that help organizations manage complex financial risks associated with weather events. The company has secured funding through multiple rounds, including grants from the National Science Foundation and investments from firms like Clean Energy Trust and Techstars, to support its growth and development.