precursor SPC

Forecasting earthquakes days to weeks before they occurprecursor SPC (Social Purpose Corporation) measures the seismic energy build-up that precedes an earthquake and uses Artificial Intelligence (AI) to forecast earthquakes. precursor monitors long-term seismic risk and forecasts earthquakes days to weeks before they occur enhancing safety, security, and sustainability. We have done this successfully over 50 times. precursor SPC is a commercial enterprise with a social purpose to deliver unique Earthquake Intelligence Services to enable preparedness. precursor’s business model is to sell earthquake forecasting systems and high value, actionable subscription data services to (re)insurance companies, large asset based corporations, regional governments and news organizations. The problem has always been that there is limited ability to establish Earthquake Preparedness and minimal actionable Earthquake Forecasting capability to mitigate the consequences of the costliest and deadliest recurring natural disaster, earthquakes.precursor’s solution is to provide commercial Earthquake Forecasting Services utilizing recent advances in sensor technology, satellite systems, data science and Artificial Intelligence.The value proposition of providing days to weeks advance warning of an Earthquake allowing corporations to take action, (re)insurance companies to reprice risk, and regional governments to establish preparedness is significant, especially considering the consequences of an unforeseen seismic event.We believe precursor’s traction in three years of operation is considerable. precursor has implemented five successful pilot projects. precursor is also finalizing agreements for deployments in North America and has collaborated with a risk analytics firm to launch precursor’s capabilities into (re)insurance. The US DoD and UK MoD have jointly awarded a contract to precursor to introduce our capability.

Successfully forecasted over 50 seismic events in five different countries.
Awarded a joint contract from the US and UK defense departments as a result of winning their International Space Pitch Day event. precursor is finalizing agreements to deploy and operate its Earthquake Forecasting System in seismically active regions of North America.
Addressing the global challenge of disaster preparedness. Each year, hundreds of millions of people and several billions of dollars are impacted by earthquakes.
Singularity University chose precursor as the winner of the Grand Challenge: ‘Disaster Resilience’ with the ability to impact over a billion people. To do so, precursor is engaged with leading innovators in (re)insurance, technology and emergency management from the private sector and government.
Led by a unique, multi-disciplinary team that is purpose-built to deliver capabilities to meet the challenges of commercial earthquake forecasting.

Clive George Cook
CEO
Clive is an accomplished executive who provides balance between technical understanding and strong strategic and operational leadership. He has a demonstrated track record of building teams and leading companies to market and exit. Clive is an architect of innovative products and services launched from effective business models. He is an externally oriented executive that focuses on how to build a long-term, profitable business by creating effective partnerships. He still does a lot of coding.Clive has led a number of companies from early beginnings to successful exits. Backed by prominent venture capital and private equity firms, Clive was the COO of patagon.com, sold to Banco Santander and was the CEO of RNA Networks, sold to Dell. Clive has certification in Machine Learning from Stanford University, a Master’s Degree in Computer and Systems Engineering from Carleton University and a MBA from the Ivey Business School.

Dr. Pierre-Richard Cornely
Engineering
Dr. Cornely is a talented and practical geophysicist that has the ability to lead all around him to success. Pierre-Richard’s background in geophysics and atmospheric physics uniquely aligns with precursor SPC. Pierre-Richard’s is the creator of precursor’s systems architecture and leads the technical team.Pierre-Richard Cornely received his PhD degree in Electric Engineering with a thesis in Geophysics, working with the ionospheric division at Hanscom Air Force Base Research Laboratory and the University of Massachusetts Lowell’s ionospheric data acquisition group. Dr. Cornely started his career in academia and in 1999, he became the president and CEO of 374’s Electric Power Corporation until 2004, leading the corporation to a multi-million dollar increase in valuation, positioning for sale. From 2004 to 2017, Dr. Cornely became a leading research scientist in missile defense at Raytheon, contributing to the technology for over $2B in contracts for Raytheon IDS.

Dr. Wilfrid LeBlanc
Engineering
Dr. LeBlanc is a distinguished engineer and expert in digital signal processing. Over the past twenty years, Wilf has implemented numerous applications using machine learning and predictive analytics techniques. Wilf is leading the signal processing and analysis of pre-earthquake and ionosphere signals at precursor SPC. Wilf is a renowned backcountry skier and cyclist.Wilfrid LeBlanc received his PhD degree in Systems and Computer Engineering with a thesis in Speech Coding, working with the leading telecommunications companies including Newbridge Networks (now Alcatel). Dr. LeBlanc has filed over 150 patents with more than 80 currently issued on topics related to audio, speech, signal processing, adaptive filtering and beam forming techniques. Wilf was the Technical Director at Broadcom for more than 15 years and a distinguished engineer at Texas Instruments.  

Alix Douyon
Business Development
Alix is a seasoned sales and business development professional. Alix has a proven track-record leading the establishment of important infrastructure projects internationally in the Caribbean, Africa and Asia. Alix leads precursor’s business development throughout the Caribbean.Alix Douyon has a BS in Communications with extensive experience in sales and marketing. He has led sales teams for Xerox and IBM corporations. Alix was an appointee in the first campaign of Senator Barack Obama who appointed him as the delegate of the Illinois Soybean Association (ISA) to Haiti (2005-2011). Alix was a visiting lecturer for the University of Illinois at Urbana-Champaign. Most recently Alix has been the President and CEO of Caribe Worxs International (CWI), a company that exports goods and develops business networks internationally working with conglomerations like DCK and AECOM.  

Round type: Seed Round size: US $5,000,000 Minimum investment: US $1,000 Target Minimum: US $1,800,000 Raised to date: US $570,728 US $10,500 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 6.0% Note term: 32 months