Zesty.ai, a San Francisco, CA-based leading provider of property risk analytics solutions powered by Artificial Intelligence (AI), announced that it closed $33 million in Series B funding.
The round was led by Centana Growth Partners, a growth equity fund with deep experience in financial and insurance technology. Current investors and Brex also participated in the oversubscribed round with equity and debt.
Zesty.ai will use the new capital to expand the breadth of its existing products within the insurance and develop new products for the real estate market.
The funding will fuel Zesty.ai’s expansion as it grows the scope of its property and climate risk products scales its go-to-market motion and builds real estate solutions designed specifically for mortgage, property, and asset management.
Company: Zesty.ai, Inc.
Raised: $33.0M
Round: Series B
Funding Month: July 2022
Lead Investors: Centana Growth Partners
Additional Investors: Brex
Company Website: https://www.zesty.ai/
Software Category: Property Risk Analytics Solutions
About the Company: Zesty.ai offers insurers and real estate companies access to precise intelligence about every property in North America. The company uses AI, including computer vision, to build a digital twin for every building in North America, encompassing 200B property insights accounting for all details that could impact a property’s value and associated risks, including the potential impact of natural disasters. Zesty.ai’s core mission in insurance is to leverage cutting-edge technologies like AI and computer vision to help protect families, communities, and their financial well-being.
Source: https://www.zesty.ai/blog/zesty-ai-raises-33m-as-centana-growth-partners-leads-series-b