LMI Ventures unveils second partnership

By Marjorie Censer / October 23, 2019 at 10:44 AM

LMI Ventures said this week it has partnered with The Climate Service to help LMI customers assess climate risks. The partnership marks LMI Ventures' second announced to date.

LMI Ventures, a venture capital fund established by LMI, said the partnership will allow LMI to use The Climate Service's Climanomics analytics software, which analyzes climate risks from the costs associated with moving to carbon-neutral policies to the likelihood of flooding.

"The partnership includes an equity investment by LMI Ventures to help TCS scale its capabilities to meet growing market demand," LMI said.

Initially, LMI added, the partnership will "buttress LMI's ongoing support to the Office of the Secretary of Defense, assessing climate risks to the operational readiness of the F-35 Joint Strike Fighter, including F-35 installation resiliency and mission assurance requirements."

LMI Ventures previously announced a partnership with Immuta.