Earthquake data analytics startup Safehub Inc. announced today it has raised $9 million in new funding to build out its sensor and analytics-based real-time earthquake damage information suite.

The Series A round was led by A/O PropTech and included Hannover Digital Investments, JLL Spark, Fusion Fund, Ubiquity Ventures, Promus Ventures, Bolt, Blackhorn Ventures, Maschmeyer Group Ventures and Team Builder Ventures.

Founded in 2015 by structural engineers and catastrophic risk management veterans, Safehub offers real-time, building-specific earthquake damage information. The company’s platform combines sensors, analytics and third-party data to provide the damage information.

As noted when they last raised funding in July, Safehub sensors, which are designed to be low-cost and easy to install, measure earthquake ground motion and building response, as well as changes in a building’s natural frequencies. The information gathered by Safehub censors is used to estimate the damage to the building and related business interruption losses.

In the event that an earthquake occurs, Safehub’s platform sends actionable damage alerts and financial loss estimates via text messages, email alerts and a web dashboard within minutes post-event. The use of the sensors also allows corporations to refine and evaluate insurance and risk reduction programs through the provision of structural data that can be used to evaluate buildings and how they react to earthquakes.

In an example provided by Safehub, a New York-based pharmaceutical company with a distribution center in California and facilities in Mexico and Japan can check the status of their facilities on their smartphone from anywhere in the world in real-time.

“As COVID-19 and Suez have demonstrated, supply chain and business interruption can have catastrophic effects on our economies and businesses,” Gregory Dewerpe, founder of A/O Proptech, said in a statement. “Extreme weather and natural-disaster-related interruptions have the potential to be just as devastating to companies around the world, regardless of their location. In a globalized world, having real-time access to valuable data and insights has become critical to understand, assess and make fast paced decisions impacting lives, costs and operations.”

Including the new funding, Safehub has raised $19 million to date.

Image: Safehub