Momentick secures $5 million to enter insurance space with its emissions risk management solution | CTech
Summary
Led by FinTLV Ventures with support from Menomadin Foundation and TAU Ventures, this funding follows a successful PoC with Sompo Japan.Momenticks proprietary satellite-based platform delivers precise, global methane detection, enabling real-time emissions monitoring for risk analysis. "Our technology fills this critical gap by providing precise emissions data on a global scale. This represents a groundbreaking step in equipping insurers with the tools they need to evaluate emissions risk and design policies that reflect the realities of a changing climate. "FinTLVs Gil Arazi highlighted methanes environmental and systemic risks, emphasizing Momenticks potential to foster innovative insurance solutions. Menomadin Foundations Dr. Merav Galili praised the initiative for advancing sustainability.