Class 3 Technologies (Iris)

Class 3 Technologies develops Iris, a building-level climate-risk and resilience platform. It combines hazard data with component-level models to simulate how climate extremes damage a specific asset, quantifies that vulnerability and expected loss, and lets users test the cost/benefit of resilience interventions and screen acquisitions.

They primarily sell to Asset Owners/Investors with a promise to improve outcomes on climate, $$$, and safety.

It touches two phases of the supply chain with a product that is moderately digital.

If this works, it will disrupt Engineering Services and Real Estate Services.