Geosite is a provider of geospatial intelligence solutions, offering a platform that enables users to access and leverage spatially relevant data for various applications. The company's flagship product, Bedrock, aggregates and visualizes geospatial data from multiple sources, including satellites, drones, aerial imagery, and IoT sensors. This platform is designed to support day-to-day operations in industries such as insurance, helping with underwriting, claims processing, and pre- and post-disaster analysis.
Geosite's technology addresses the challenge of managing complex spatial data by providing a comprehensive, intuitive interface that requires little to no expert data science knowledge. The platform offers services such as accurate geocoding, property attribute information, and integration with climate-related models. Bedrock can feed this data directly into various policy administration systems, including Socotra, Guidewire, and Majesco. In April 2024, Descartes Labs acquired Geosite's operating assets, with Geosite's CEO, Rachel Olney, leading the insurance technology business within Descartes Labs.
Key customers and partnerships
Geosite has worked with several notable clients and partners in the insurance and government sectors. MS&AD, a global insurer based in Tokyo, collaborated with Geosite in 2021 to develop a platform for geospatial claims processing, aiming to improve efficiency in handling claims after natural catastrophes. The US Air Force utilizes Geosite's Mission Management Tool (MMT) for coordinating civilian search and rescue operations within the continental US and Alaska, responding to over 11,000 incidents annually as of 2023.
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