Risilience, a new company that commercialises research from the Centre for Risk Studies at Cambridge Judge Business School, is launched with a £6 million Series A investment.
University of Cambridge Judge Business School and a group of international investors today (21 October) announced the launch of Risilience, a new commercial company offering a platform applying the research frameworks and approaches of the Centre for Risk Studies at the Business School.
Risilience and its SaaS (software as a service) platform were launched with Series A funding of £6.05 million from investors including lead investor IQ Capital, insurance multinational Tokio Marine, and US MIT alumni investment fund Castor Ventures.
The company’s products include a platform to help firms transition to a low-carbon economy, so the launch just before the COP26 climate-change conference in Glasgow is very timely.
Professor Daniel Ralph, Chairman of Risilience and Academic Director at the Cambridge Centre for Risk Studies (CCRS), said: “For several years, companies have asked us to make it easier for them to utilise the outputs of research developed at the CCRS. Risilience provides an analytical platform for a business to apply the research to quantify and manage its risk.”
Risilience, formally known as Cantab Risk Research Ltd, has been working for several years with a number of leading corporates developing applications of management science for their risk operations. It will now market the Risilience platform as a solution for companies to model their digital twin to turn their risk to strategic advantage.
One of the greatest challenges facing companies today is the transformation of business to be sustainable against climate change and the pressures caused by adaptation of society to reduce carbon emissions.
Risilience has developed a comprehensive framework for TCFD (Task Force on Climate-Related Financial Disclosures) reporting and for implementing a company’s net sero plan. Climate Risilience is a major application of the Risilience platform, drawing on detailed scenarios and analytics of physical and transition risk affecting companies. The client base of Risilience has collectively pledged to remove an annual 240 million tonnes of carbon emissions – the equivalent of the annual carbon emissions produced by Spain.
The founders of Risilience, Dr Andrew Coburn, CEO; Professor Danny Ralph, Chairman; Dr Michelle Tuveson, Chief Client Officer; and Simon Ruffle, Chief Product Officer, combine many years of experience of commercial risk modeling with academic leadership in business studies for risk management.
About the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School
The Cambridge Centre for Risk Studies is based within the University of Cambridge Judge Business School. The Centre works closely with business partners in tackling complex issues of management science in risk. This policy of deep engagement has enabled the Centre to develop relevant solutions for businesses. The Centre’s leadership combines academic excellence with industry experience.
Risilience is a DeepTech, data-driven analytics platform enabling corporations operating around the world to understand the transformational benefits of effective enterprise risk management and how to prioritise implementation. Risilience brings a detailed understanding of management science to the challenges of transforming businesses. Risilience’s products and services give business leaders a competitive advantage through its application of research frameworks pioneered by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. The Risilience platform’s company-specific analysis provides detailed, quantified results to support strategic decision making and business planning while balancing investment requirements driven by future scenarios.