Cape Analytics

Overview
Activities
News
Commercial PropTech?
InsurTech: Infrastructure?
Product stageSegments
Expansion
?
Property data and analytics
?

Cape Analytics is a leading provider of AI-powered geospatial property intelligence solutions. Founded in 2014, the company utilizes machine learning, computer vision, and data infrastructure to extract property insights from aerial and satellite imagery, weather data, and public records. Cape Analytics' platform generates over 80 predictive property analytics, including roof condition assessments, building material identifications, vegetation density analyses, and peril-aligned risk scores for hazards like wildfires, hail, and wind.

These insights enable insurance carriers to accurately underwrite and rate policies, with granular visibility into a property's vulnerability. Cape Analytics' solutions also empower real estate and mortgage firms to enhance automated valuation models, streamline due diligence processes, and monitor portfolios efficiently. As of June 2024, the company covers over 99% of US households and has expanded its offerings to Canada and Australia through strategic partnerships.

In September 2022, Cape Analytics launched CAPE Purefill, a next-generation prefill solution that combines geospatial analytics with machine learning to generate verified property data, improving replacement cost estimations and reducing underinsurance risks. The company has integrated its property intelligence products into leading automated valuation models, increasing their accuracy by over 7%.

Cape Analytics serves over 80 enterprise clients as of June 2024, including most of the top 30 US homeowners insurance carriers and major investment banks. In March 2023, the company partnered with Google Cloud to leverage its secure infrastructure and machine learning capabilities, enhancing risk management solutions for insurers.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
411 High Street Palo Alto CA USA
Founded year:
2014
Employees:
101-250
IPO status:
Private
Total funding:
USD 75.0 mn
Last Funding:
USD 44.0 mn (Series C; Jul 2021)
Last valuation:
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