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# 7Analytics secures €4m capital increase led by Scale Capital for flood-risk AI
- URL: https://www.ai-360.online/7analytics-secures-4m-capital-increase-scale-capital/
- Published: 2024-05-15T12:00:00.000Z
- Updated: 2026-10-26T17:02:25.000Z
- Description: Norwegian flood-risk AI firm 7Analytics raised a €4m capital increase led by Scale Capital to expand in North America and Northern Europe.
- Author: AI-360
- Tags: BFSI, News, #company-7analytics, Funding, #industry-banking-finance

[7Analytics](https://7analytics.ai/?ref=ai-360.online) secured an additional €4 million capital increase led by Scale Capital to fund international expansion of its flood-risk AI, the Norwegian company [said on 15 May 2024](https://7analytics.ai/7analytics-secures-capital-increase-to-drive-international-expansion/?ref=ai-360.online).

Proceeds were earmarked for North American and Northern European markets, insurance flood-risk solutions and real-time flood prediction for asset owners, plus research and development in geospatial analytics and predictive modelling and hiring in GIS, data science and business development. The company said it planned a US subsidiary later in 2024, listing a Cambridge, Massachusetts address at 1 Broadway, alongside offices in Bergen, Oslo, Copenhagen and Boston.

Jonas Aas Torland, chief commercial officer and co-founder, said: "Flooding has the highest economic impact on society in terms of natural disasters, yet insurers are leaving flood-prone areas because they lack adequate risk information. Through our deeper approach, we are giving insurers data that accurately assess the specific risk of each property." 7Analytics builds high-precision flood and landslide models using hydrology, geology, geospatial re-processing and AI.

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