One Concern raises $20 million for AI that predicts the impact of natural disasters

One Concern today announced it has closed a $20 million funding round to "future proof the world," according to a company spokesperson. The funding will be used for research and development to expand One Concern's use of machine learning to predict and mitigate the impact of natural disasters like fires, floods, and hurricanes after they happen. Predictive AI from One Concern called Seismic Concern currently focuses on earthquake preparedness and response. For example, AI models trained with information about building structural integrity and seismic activity is deployed to help cities know where to dispatch emergency workers after an earthquake. Demographics of people impacted, such as age and economic status, are also provided.