NeuWave
AI-powered wave analytics for offshore insurance underwriting and renewable energy risk
Overview
NeuWave is an environmental intelligence platform for offshore insurance underwriters, carriers, and renewable energy operators. The company provides AI-driven wave forecasting data that enables more accurate pricing of offshore wind and subsea infrastructure risk.
The core platform delivers wave condition predictions with 60x greater resolution and 10x improved accuracy compared to standard marine models, refreshing forecasts in minutes rather than hours. Products include real-time forecasting, hindcast datasets, and site assessment tools, all delivered as API-accessible cloud services and SaaS products.
Founded by PhD researchers at the University of Manchester in 2024, NeuWave raised a GBP 570,000 pre-seed round in 2025 from EHE Ventures' AI Growth Fund, Insurtech Gateway, and QVentures. The company is embedded in the Insurtech Gateway ecosystem and has active partnerships with EDF, National Grid, Celtic Sea Power, and the Catapult Offshore Renewable Energy centre.
Products & Services
NeuWave Wave Analytics Platform
An AI-driven forecasting engine that delivers high-resolution wave and metocean data for offshore project underwriting, engineering, and operations. The platform integrates historical hindcast data with real-time forecast outputs for end-to-end environmental intelligence.
Key Features
- 60x higher resolution grid compared to legacy marine forecasting systems
- Forecast refresh in minutes, versus the multi-hour cycle of conventional models
- Hindcast datasets for engineering validation, regulatory compliance, and actuarial analysis
- Site assessment data products supporting environmental impact assessments and permit submissions
- REST API for integration into underwriting and operations workflows
Target Users: Offshore wind underwriters, subsea infrastructure insurers, offshore energy operators, marine engineers
Operational Decision Support
Real-time metocean intelligence for vessel routing, offshore access planning, and emergency rerouting during active offshore operations.
Key Features
- Real-time wave and environmental condition monitoring
- Navigation planning and vessel access window forecasting
- Metocean reporting for regulatory and contract compliance
Target Users: Offshore energy operators, marine logistics teams, offshore wind construction and maintenance crews
At a Glance
- Founded
- 2024
- Headquarters
- Manchester, United Kingdom
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Environmental data offshore risk scoring site assessment
- Insurance Verticals
- Specialty/E&S P&C Commercial
- Target Customers
- Carriers, Reinsurers, MGAs/MGUs
Customers
- EDF
- National Grid
- Celtic Sea Power
- Catapult Offshore Renewable Energy
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Last updated: 2026-06-14