Hosta.ai, a Cambridge, Massachusetts-based new artificial intelligence property technology company, raised $11.5 million in Series A to bring their remote property assessment platform to insurers, contractors, and home improvement companies across North America.
The round was led by Eclipse Ventures, with participation from USAA, Brick & Mortar, Spider Capital, The Cincinnati Insurance Company, Motivate, and Massive.
This investment brings the company’s total funding to $15 million. Matt Mulvey, Partner at Eclipse Ventures, will join the company’s board.
Company: HL Acquisition, Inc.
Raised: $11.5M
Round: Series A
Funding Month: November 2021
Lead Investors: Eclipse Ventures
Additional Investors: USAA, Brick & Mortar, Spider Capital, The Cincinnati Insurance Company, Motivate and Massive
Company Website: https://hosta.ai/
Software Category: Assessment Platform-AI-powered Property Assessment Solution
About the Company: Established in 2020, Hosta is on a mission to empower people and businesses with fast, accessible, and trusted information about their built surroundings. Hosta helps companies that need fast and accurate data about the built environment accelerate their businesses with remote and automated property assessments. The Hosta A.I. Assessment Platform uses patent-pending A.I. spatial and material analysis to automate property assessments from just a few sample photos.
Source: https://www.businesswire.com/news/home/20211118005451/en/Hosta.ai-Announces-11.5-Million-Series-A-Led-by-Eclipse-Ventures-to-Revolutionize-the-Property-Tech-Industry