The Climate Service Partners with LMI Ventures

Posted on 10/22/19 3:40 PM

The Climate Service is delighted and proud to share that LMI Ventures, a venture capital fund operated by LMI, will be partnering with The Climate Service to help LMI's customers in the federal sector to assess their financial risks related to Climate Change. This partnership includes an equity investment that will assist TCS in scaling its proprietary ClimanomicsTM software to meet the growing market demand.

According to Audra Upchurch, director of LMI’s infrastructure, energy, and environment practice, “The Climate Service is a pioneer in climate analytics with success across numerous industry sectors. We are delighted to accelerate the introduction of its capabilities to the federal sector through this partnership. Federal agencies are increasingly concerned with understanding and anticipating the effect of climate change on their operations. LMI is now positioned to supply clients with the very best analysis and solutions development.”

The Climate Service's CEO James McMahon remarked, "We are excited about our partnership with LMI to provide our climate risk software to the U.S. federal government. We're seeing a huge demand for robust, reliable, and transparent information about the effects of climate change. Both the public and private sectors will be affected significantly—though differently—by climate change. We are delighted to serve the federal need for actionable insights with our partner, LMI."

LMI Ventures principal Ian Folau said, “This partnership exemplifies our goal of bringing innovative tools to the government as quickly as possible. The domain and technical expertise at TCS is second to none; TCS is precisely the right partner to furnish software solutions that enrich our clients’ understanding of climate risks. We are excited about the potential for clients across LMI’s defense, national security, health, and civilian markets to realize the benefits.”

You can read the full text of the announcement from LMI here.

Topics: In The News

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