How Upgraded Helped RiskThinking.ai Secure $1,119,000 in SR&ED & $35,000 in Tech Savings
Upgraded guided RiskThinking.ai through the SR&ED program, securing substantial tax credits while optimizing operational expenses for this AI-driven climate risk analysis company.
“The experience so far has been one of the smoothest we've had from an outsourced solutions provider.”
The Challenge
RiskThinking.ai's finance lead sought to maximize R&D tax credit dollars while the product team wanted to accelerate innovation without budget constraints. As an AI company in the sustainability space with 45 employees, they needed a partner who understood both the technical and financial sides of SR&ED.
The Solution
Upgraded deployed a comprehensive three-part strategy:
Technical Deep-Dive — We collaborated with the product team to identify all R&D activities and mapped development milestones to SR&ED requirements, ensuring no qualifying work was overlooked.
Financial Compliance — Aligned accounting practices with the SR&ED framework and tracked eligible costs with full clarity and audit-readiness.
Application Support — Drafted innovation summaries for AI projects, managed all government agency communications, and handled deadlines and documentation end-to-end.
Tech Stack Optimization — Identified savings through cloud services and licensing optimization, data storage efficiency improvements, and workflow automation.
The Results
RiskThinking.ai secured $1,119,000 in SR&ED credits — enabling reinvestment in R&D and product acceleration. An additional $35,000 in annual tech savings was identified through cloud and licensing optimization.
The strategic outcomes extended beyond dollars: expanded product capabilities, international market entry, a stabilized balance sheet, and a repeatable SR&ED claim system for future years.
“The way they supported our SR&ED claim was incredible — thorough, timely, and beneficial to our bottom line.”
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