The Catalan company that puts numbers on climate peril
Mitiga Solutions provides "climate intelligence" to calculate and withstand environmental risks for factories, offices, and critical infrastructure
BarcelonaA recent report prepared by specialized technology companies has shown that nearly half of Spanish companies have already suffered losses related to the climate emergency. From supply chain disruptions due to extreme weather events to factory shutdowns due to floods or droughts, the private sector is already beginning to feel the environmental tensions that threaten to turn the planet upside down on its balance sheets. The figures are more than eloquent: in the worst cases, some companies have registered losses of up to 500,000 euros due to just one unforeseen climatic phenomenon. The company behind the study, the Catalan Mitiga Solutions, has been one of the pioneers in observing, calculating, and –as the name suggests– mitigating this devastation. "We offer climate intelligence to identify climate risks in different assets, from infrastructure to a company's business model," explains its founder and CEO, Alejandro Martí, in conversation with Empreses.
The company was born in 2018, as a spin-off from the Barcelona Supercomputing Center. At a time when the climate crisis did not yet occupy such a central place in public discourse, Martí found a significant gap in a market that, in a short time, became essential. In just eight years of existence, however, it has already managed to become "the benchmark for many Ibex companies," as the executive explains. Mitiga basically offers a platform that serves to calculate the risk posed by extreme weather to companies, "before, during, and after" they start operating.
It is a platform where the client enters their entire portfolio of assets – present and even future – to generate a report on what environmental hazards a facility suffers or may suffer from. "Companies need to maximize their operations and minimize interruptions due to climate risks. We offer all the intelligence to adapt to them," describes Martí. With direct application for the largest cases, and even an artificial intelligence agent to streamline and automate the process, Mitiga's software "maps all the climate risks of an asset portfolio up to the year 2100 in a matter of seconds".
Mitiga Solutions' clients, mostly large corporations, use the platform for various purposes. The instructions serve to plan physical resilience against floods, fires, or torrential rains, but also financial resilience. Even with a tool like this, companies "cannot eliminate all risk". Thus, a support building, a fence, or a good ventilation system "reduce a percentage of the danger; but, to adapt to the rest, one must go to the financial markets to cover it." The company's information also serves for the companies that use it to access climate insurance, which usually offers better conditions to those organizations that already have contingency plans. "Premiums are lower because insurers highly value that the company can continue operating," indicates Martí.
From Microsoft to the blackout
Mitiga's capabilities quickly attracted the attention of investors and the technological environment. In 2020, a more than relevant qualitative leap occurred when Microsoft included it in its program for start-ups. Three years later, in 2023, it became the first startup in the state to receive funding from the Redmond giant, when the Microsoft Climate Innovation Fund participated in an investment round of over 13 million euros led by Kibo Ventures. The impulse from an ally of this caliber is one of the factors that has served to elevate it to the first European position on the business podium for managing climate risks for critical infrastructure.
Not even a decade after its founding, Mitiga celebrates having "demonstrated that climate models can offer answers" to companies' environmental risks. However, according to Martí, there is still a gap in the largest slice of the economic pie: small and medium-sized enterprises. "SME data is worrying," he laments. Only 12% of those analyzed have already studied the environmental risks that affect them. Common sense is on their side, and the costs of climate platforms have been decreasing; but there is still work to be done in local industry.
In 2026, Mitiga received a new capital injection to continue enhancing its services, with financing of 2.4 million euros in the form of a grant and another 6 million in equity from the European Innovation Council accelerator; an investment level that places the Catalan company among those most valued by Brussels. The next step, based on this new momentum, is to go beyond the volume of assets they value. "The first to join were banking and insurance, because the business model suited them. But right now, the fastest growing is critical infrastructure," Martí observes. Energy companies, renewables, and even the electricity grid show "enormous problems" in adapting to the climate emergency. In this regard, Mitiga's "next great contribution" will be to improve the conditions of these essential, but constantly threatened, structures, as the general blackout of April 2025 demonstrated.
