KITTERY, Maine--(BUSINESS WIRE)--Apr 6, 2026--
When a storm threatens a coastline, the people responsible for protecting it — port operators, insurers, city managers, infrastructure engineers — are often working from different data sources that don’t agree, can’t sync, and weren’t built to talk to each other. Decisions get made anyway. Sometimes that works. Sometimes it doesn’t.
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Coastal Measures is changing that.
Today, the company announced it has secured over $1.2M combined funding — including support from Amazon Web Services through its Generative AI incentive program — to accelerate CUMULUS, its AI platform for coastal and ocean data. With $400k more funding committed to close in the next several months as part of the pre-seed funding round, the company is well positioned to build the next wave of coastal intelligence.
“Data is how we see our coasts clearly — and right now, most organizations are working half-blind. CUMULUS changes that. When you can see the full picture, you don’t just reduce risk — you find opportunity,” said Josh Humberston, Ph.D., CEO of Coastal Measures.
Coastal Measures partners with sensor vendors to build a standardized data ecosystem that's AI-ready on day one — turning fragmented, incompatible data streams into actionable intelligence for coastal operators, insurers, and engineers.
Alongside the funding, Coastal Measures named Matt Marino to its Board of Directors. Marino previously co-founded and led Galehead Development, where the company’s data platform unlocked large-scale capital investment in new solar and wind infrastructure, leading to its acquisition by Macquarie Asset Management in 2022.
About Coastal Measures
Coastal Measures provides data infrastructure for coastal and ocean intelligence. Its CUMULUS platform standardizes environmental data and uses AI to deliver actionable intelligence for insurers, engineers, and public-sector organizations. Based in Kittery, Maine.
To learn more, visit www.coastalmeasures.com.
(Left) Josh Humberston, PhD, CEO, and (right) Neil Schonwald, CTO, co-founded Coastal Measures to make coastal data work better for those who need to make critical decisions.
NEW YORK (AP) — The U.S. stock market drifted higher in tentative trading ahead of a deadline President Donald Trump has set to bomb Iranian power plants. The S&P 500 rose 0.4% Monday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.5%. Like stock indexes, oil prices seesawed through the day amid continued uncertainty about what will happen in the war with Iran and how long it will slow the global flow of crude oil. Trump warned again he will bomb Iran’s power plants if it doesn’t open the Strait of Hormuz. Treasury yields held relatively steady in the bond market.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — The U.S. stock market is making only hesitant moves Monday, while oil prices are flip-flopping ahead of a deadline that President Donald Trump has set to bomb Iranian power plants.
The S&P 500 rose 0.4%, coming off its first winning week in the last six. The Dow Jones Industrial Average was up 109 points, or 0.2%, with an hour remaining in trading, and the Nasdaq composite was 0.5% higher.
Oil prices likewise seesawed between gains and losses amid continued uncertainty about what will happen in the war with Iran and how long it will slow the global flow of oil and natural gas. Iran on Monday rejected the latest ceasefire proposal and instead said it wants a permanent end to the war, though the talks may not have collapsed.
“We won’t merely accept a ceasefire,” Mojtaba Ferdousi Pour, head of the Iranian diplomatic mission in Cairo, told The Associated Press. “We only accept an end of the war with guarantees that we won’t be attacked again.”
Fighting is continuing, meanwhile, including an Israeli attack on an Iranian petrochemical plant. And in the background is the clock ticking toward a deadline, which Trump has moved multiple times, where he has threatened to attack Iran's infrastructure if it does not open the Strait of Hormuz. A fifth of the world’s oil typically sails through the strait during peacetime.
“Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran,” Trump said on his social media network over the weekend, threatening Iranian leaders that “you’ll be living in Hell - JUST WATCH!”
Monday also offered the first chance for U.S. stock prices to react to a report from Friday that said U.S. employers hired more workers last month than economists expected. The unemployment rate unexpectedly improved.
They’re encouraging signals for an economy that’s had to absorb painful leaps in costs for gasoline since the war’s beginning. The average price for a gallon of regular gasoline is nearly $4.12 across the country, according to AAA. It was below $3 a couple days before the United States and Israel launched attacks to begin the war in late February.
For countries that don’t produce as much oil as the United States, the pain has been even worse. That’s because they are more reliant on oil coming from the Middle East, and the war has blocked in much of the crude produced in the Persian Gulf area. That oil typically gets to customers around the world by exiting the Strait of Hormuz.
The price for a barrel of benchmark U.S. crude rose 0.8% to settle at $112.41 after erasing an earlier modest dip. Brent crude, the international standard, added 0.8% to $109.77 per barrel and remains well above its roughly $70 price from before the war.
On Wall Street, a split performance for the Big Tech stocks that are the U.S. market’s most influential kept things in check. Apple rose 1.3%, and Amazon added 1.2%. Tesla slid 2.6%, and Microsoft fell 0.3%.
Bank stocks were some of the market’s strongest, including a 1.5% rise for JPMorgan Chase.
CEO Jamie Dimon said in his annual letter to shareholders released on Monday that the U.S. economy continues to be resilient, and businesses still look healthy. He, though, also acknowledged that prices for stocks and other assets are high, which could imply “anything less than positive outcomes could have a dramatic impact on global markets.”
In the bond market, Treasury yields held relatively steady. The 10-year Treasury yield was sitting at 4.33%. That's still well above its 3.97% level from before the war. The rise has pushed up rates for mortgages and other loans going to U.S. households and businesses, which slows the economy.
A mixed report on Monday said that finance, transportation and other U.S. businesses in services sectors grew in March for a 21st straight month of expansion. But the growth was slightly slower than economists expected, and a measure of prices accelerated at its fastest pace since 2022 in a potentially discouraging signal for inflation.
In stock markets abroad, Japan’s Nikkei 225 added 0.5%, and South Korea’s Kospi jumped 1.4%. Many other markets in Europe and Asia were closed for holidays.
AP Business Writers Yuri Kageyama and Matt Ott contributed.
Patrick McKeon, center, works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
Screens display financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
U.S. President Donald Trump is seen on a screen as traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, April 6, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, April 6, 2026. (AP Photo/Ahn Young-joon)
