Coastal Measures Raises $1.2 Million in Seed Funding
Coastal Measures, a company specializing in coastal risk analytics, has announced the successful closure of its seed funding round, raising $1.2 million. The company offers a platform called CUMULUS, which integrates coastal risk analytics, hydrokinetic site identification, and resilient-community intelligence.
Company Leadership
The company is led by Founder and CEO Josh Humberston, with Neil Schonwald serving as Co-Founder and CTO. While specific investors in this round were not disclosed, the funding marks a significant step for Coastal Measures as it aims to enhance its platform further.
Use of Funds
The newly acquired $1.2 million will be utilized to expand the capabilities of the CUMULUS platform. Although specific details on the allocation were not provided, it is expected that the funds will support product development, team growth, and possibly scaling operations to reach a broader market.
About Coastal Measures
Coastal Measures' CUMULUS platform provides a modern solution for identifying coastal risks and opportunities. By offering hydrokinetic site identification and resilient-community intelligence, the platform is designed to aid in the development of sustainable coastal communities.
Future Directions
With this seed funding, Coastal Measures is poised to strengthen its position in the market for coastal analytics. The company aims to continue innovating its platform to better serve communities facing coastal challenges.