Divirod, a Colorado Water Risk Startup, Secures Investment from TDK Ventures
This week, TDK Companiesthe venture capital arm of the Japanese electronics company TDK and a leading investor in global “hard tech” startups, announced that it is backing Divirod, a Boulder, Colorado-based climate tech startup. Divirod’s business revolves around a proprietary system of sensors that assess risk to water levels, providing high-precision prediction analytics for water-related disasters.
Divirod’s global sensor network uses satellite input to generate analytics that provide decision makers, emergency service personnel and insurers with the real-time information they need to mitigate the loss of life and high costs inflicted by such disasters. In an official statement from TDK Ventures, the company characterized Divirod’s mission as being in line with its own principles of digital transformation and sustainability, and a key reason it partnered with the company to bring its data into as a service (DaaS model) in the market.
According to TDK, data is one of the best tools humanity can use to fight climate disasters; however, advanced predictive tools, such as weather forecasts, are limited. Weather predictions and forecasts lack high frequency and high resolution “ground truth” validation (i.e. they have limited sensor input). Water data sources are clearly scarce, outdated, almost never real-time, and difficult to scale over a large area.
“It has become clear that we can no longer afford to depend on outdated, sparse and disparate monitoring networks to protect and warn our communities from the dangers of impending water-related disasters like floods,” said Divirod CEO , the doctor. Javier Marti. “The only way to mitigate the dangers and huge economic losses associated with water-related risks anywhere in the world is to understand, anticipate and plan for the unforeseen effects of extreme events related to environmental risks associated with water.”
Since recognizing these water-related risks in 2016, Divirod has designed a global radar system using a satellite-based reflectometry technique that uses an advanced, proprietary sensor system to capture signals from satellites bouncing off the ground. , creating a unique signature that matches the characteristics of the water on the surface.
Divirod’s cloud-based software interprets these reflections to generate hydrological models and 3D maps of water, snow or soil moisture surfaces, allowing it to monitor the possibility of impending disasters. A network of these sensors has already been installed worldwide; which all work together to deliver real-time data and resolutions never seen before.
“Divirod is an incredible solution to a very serious social equity gap. Flood risks and climate hazards affect hundreds of thousands, if not millions, of people every year,” said the president of TDK Ventures. Nicholas Sauvage. “Divirod has found a revolutionary way to enter the digital age for a lasting advantage that can save lives with a unitary economy that will ensure ubiquitous coverage around the world. TDK Ventures is delighted to partner with them and is committed to helping Divirod accelerate its growth in any way possible. The end results will be good for all of humanity, and that’s exactly the kind of TDK goodness we’re aiming for.
Divirod is already a partner of industry giants such as Deutsche Telekom, Thales, Global Omnium, with TDK Ventures as an early partner and partner $1 million investment. Several companies and municipalities trust Divirod to monitor their properties, shorelines and reservoirs. The company plans to expand its services to the smart irrigation and insurance sectors in the near future.
Divirod’s early investors continue to be excited about the company’s prospects. “Our mission is to invest in exceptional entrepreneurs who are rising to the enormous challenges and opportunities we face as a result of climate change,” said Thin Line Capital Founder and Managing Partner, Aaron Fike. “We are delighted to have a global investor of the caliber of TDK Ventures join us in this adventure.”