Maprisk

Maprisk offers innovative risk management solutions through its advanced mapping and assessment tools, specifically designed to help clients visualize environmental hazards and assess insurance needs across various industries. Founded in 2017 in Portland, US, Maprisk specializes in developing risk management solutions. The company was acquired in October 2021 by Insurity, Inc. , a portfolio company of GI Partners, though financial terms were not disclosed.

Trevor Keyes, the founder, previously established other ventures, contributing to the company's expertise in geospatial analytics. The company has conducted one deal to date, with its latest deal occurring on October 7, 2021. Maprisk provides a range of risk management solutions focusing on advanced mapping and assessment tools tailored to meet the needs of industries such as insurance, government, and urban planning. These solutions leverage data analytics and geographic information systems to assist clients in identifying environmental hazards and making informed decisions based on potential risks.

The company generates revenue through subscription-based services and partnerships with clients. Clients subscribe to software solutions that offer ongoing access to essential risk management tools. Pricing is structured in tiered subscription plans that cater to varying user needs, which include both small businesses and larger enterprises. Following its acquisition in October 2021, Maprisk aims to enhance its cloud-based geospatial analytics and proprietary data capabilities as part of Insurity, Inc.

This strategic move is designed to facilitate expansion into new markets, including further penetration into government and corporate sectors in North America and Europe. The funding from the acquisition will support the development of new products and the enhancement of existing services, although specific release dates and product details remain undisclosed.