Liberty Mutual, MS&AD Ventures and QBE Ventures all contributed to a series C round taking the climate risk analytics provider's total funding to at least $86m.

US-based climate analytics provider Jupiter has raised $54m in series C funding from investors including insurers Liberty Mutual, QBE and MS&AD, the last two through QBE Ventures and MS&AD Ventures.

Venture capital firms Clearvision Ventures and MPower Partners co-led the round, which also featured Caisse de dépôt et placement du Québec, DCVC, Energize Ventures, Ignition Partners, SystemIQ, Dara Holdings and assorted private investors.

Jupiter provides detailed data and analytics software for customers such as governments or asset managers, helping them assess and manage risk surrounding climate change.

The cash will go to research and development, sales and customer support. The company had previously secured an undisclosed amount from Liberty Mutual, MS&AD and SystemIQ in July 2020.

Energize Ventures led Jupiter’s $23m series B round in early 2019, investing alongside MS&AD, QBE, SystemIQ, Nephila and existing investors DCVC and Ignition Partners as well as unnamed individuals, increasing its overall funding to $33m.