Arbol announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

Arbol is redefining climate risk management to transform it into a globally recognized asset class. Through a foundation of innovative pricing, comprehensive data infrastructure, and precise AI-powered underwriting tools, Arbol aims to bridge the global coverage gap and offer practical solutions for managing climate risks. Awarded for its underwriting innovation, Arbol leverages advanced technologies to serve a broad client base, emphasizing sustainability and resilience in an unpredictable climate landscape.