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Class 3 Technologies
New York, US · Founded 2023 · 3 known investors
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Class 3 Technologies, spun out of engineering consultancy Arup, develops Iris, a platform that assesses natural hazard and climate risk to buildings using component-level engineering models to estimate damage, downtime, and financial loss. It serves asset owners, operators, investors, lenders, insurers, and advisors managing property portfolios, from single-campus owners to institutions with thousands of buildings.
Founders & leadership
Class 3 Technologies was founded in 2023 by Hedi Smida, Ibbi Almufti, and Sean Merrifield.
Board
Investors · 3
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Reported raises · per SEC filings
Form D private placements$2M disclosed across 1 round · 2025
▶$2MraisedOct 2025 · 1 investors · Other TechnologyRule 506(b)
- Ibrahim Al-MuftiExecutive Officer, Director
- Rebecca BirminghamExecutive Officer, Director
- Marie ThompsonDirector
- Thomas WilcockDirector
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Aug 2025
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Class 3 Technologies do?
- Class 3 Technologies, spun out of engineering consultancy Arup, develops Iris, a platform that assesses natural hazard and climate risk to buildings using component-level engineering models to estimate damage, downtime, and financial loss. It serves asset owners, operators, investors, lenders, insurers, and advisors managing property portfolios, from single-campus owners to institutions with thousands of buildings.
- Who founded Class 3 Technologies?
- Class 3 Technologies was founded by Hedi Smida, Ibbi Almufti, Sean Merrifield in 2023.
- Who are Class 3 Technologies's investors?
- Class 3 Technologies's investors include Powerhouse, Sustainable Future Ventures, Tailwind Futures.
- How much funding has Class 3 Technologies raised?
- Class 3 Technologies has disclosed $2M raised across 1 round.
- Where is Class 3 Technologies headquartered?
- Class 3 Technologies is headquartered in New York, US.