Tensorflight, a New York-based artificial intelligence, and imaging-based insurtech company raised an undisclosed amount in Series A.
The round was led by QBE Ventures, including new investors Tareyton Venture Partners and ff Venture Capital Poland. Participating prior investors include ff Venture Capital and HSCM Bermuda.
The company intends to use the funds to accelerate market penetration and product optimization across the property insurance data analytics market.
Company: TensorFlight, Inc.
Raised: undisclosed amount
Round: Series A
Funding Month: October 2021
Lead Investors: QBE Ventures
Additional Investors: Tareyton Venture Partners, Venture Capital Poland, Venture Capital, and HSCM Bermuda
Company Website: https://www.tensorflight.com/
Software Category: Artificial intelligence for property insurance
About the Company: Founded by ex-Googlers Zbigniew Wojna, Ph.D., and Robert Kozikowski, Tensorflight offers innovative technology for the property insurance industry that enables material efficiencies across multiple insurance functions, including brokers, underwriting, loss control, and claims. The company combines satellite, aerial, and street-level imagery understanding technology with a proprietary Artificial Intelligence engine to automate commercial property inspections. The benefits it delivers across the global insurance industry include Reduction of premium leakage, Instant, automated insurance policy quotes, Reduction of in-person property inspection costs, and Order of magnitude increase of claim teams’ efficiency. The company also has offices in London and Warsaw.
Source: https://www.finsmes.com/2021/10/tensorflight-raises-series-a-funding.html