precursor SPC

Technology to Forecast Earthquakes

Company Information

Website:

https://precursor-spc.com/

Sector:

Technical & Scientific Instrumentation

Location:

Seattle, WA

Earthquakes cause $35 billion in damage every year.

But what if there was a way to reduce that damage by preparing in advance?

precursor makes it possible. It’s created an Earthquake Forecasting System. Here’s how it works:

First, sensors in the ground and in outer-space measure “precursors” — tell-tale signs that an event may be about to happen. These include initial seismic activity, energy indicators, and environmental factors.

Second, these measurements are put through the company’s deep-learning network, which uses Artificial Intelligence and signal processing.

Finally, the result is a reading that can predict an earthquake’s time, location, and intensity.

precursor has successfully forecasted over 50 seismic events in five countries. And it’s been awarded a joint contract from defense departments in the U.S. and the UK.

The company could become a prime acquisition target for insurance companies and regional government institutions.

Team Background

Alix Douyon - Business Development
Wilfrid LeBlanc - Engineering
Pierre-Richard Cornely - Engineering
Clive Cook - Chief Executive Officer
Raising
$5 million
Committed
$2.03 million (41%)
Current Valuation
$25 million Cap / 0% Discount
Min. Investment
$1,000
Deal Type
Title III
(For all investors)
Offering Type
Convertible Debt
Learn more on SeedInvest