Madison, WI – According to filings with the U.S. Securities and Exchange Commission, Understory is raising $3,000,000.00 in new funding. Sources indicate as part of senior management President, Alexander Kubicek played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Understory

Understory, based in Madison, Wisconsin, is the first company with proprietary sensors to successfully offer parametric insurance products covering severe weather risks like hail. Understory’s unprecedented, ground-truth data for rainfall, hail, and wind delivered by its accurate, maintenance-free, and fraud-proof weather sensors ensures quick claim payouts to climate-vulnerable industries including auto and agriculture.

To learn more about Understory, visit http://understoryweather.com/

Contact:
Alexander Kubicek, President
608-665-0032
alexander@understoryweather.com
https://www.linkedin.com/in/alexkubicek/

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