State Farm Ventures

InsurTech: Infrastructure

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 HOMEE provides a property claims management platform that connects insurers, policyholders, and home service providers. Insurers can use this platform to digitize the entire claims process, starting from the first notice of loss (FNOL) up to the claims payout stage. The platform grants insurers access to videos and photos showcasing property damages that facilitate damage assessment and estimation. Moreover, insurers can efficiently dispatch home service providers through the platform to carry out necessary repairs and receive real-time updates on tasks. It had more than 20,000 registered contractors on its platform as of September 2021.
 
 
 In August 2022, HOMEE acquired MyCAT Marketplace, a SaaS platform provider specializing in property claims management related to natural catastrophes (Nat Cat). Through this acquisition, the company aimed to expand its property claims capabilities to encompass Nat Cat events. The platform enables insurers to track upcoming natural disasters, visualize and manage plans, and establish connections with catastrophe teams for the effective preparation and management of Nat Cat events.
 
 
 Funding and financials
 
 
 The company raised USD 17 million in a Series B-2 funding round led by Morningside in September 2021. It had planned to use the funds to enhance its technology suite, launch in new markets to further service carriers, and expand its service provider network throughout the US.
 
 
 
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 CAPE Analytics is a property intelligence startup that uses a combination of geospatial imagery and artificial intelligence (AI) to get an accurate understanding of properties, which can then be used to facilitate underwriting decisions for home insurance without requiring a physical visit. The company provides an application programming interface (API) which insurers can use to integrate with their existing systems, enabling clients to provide home insurance products completely online. The company&rsquo;s partnership with Kin Insurance is an example of this integration. Insurers can also use the company&rsquo;s technology to evaluate any changes in the property&rsquo;s condition at the time of renewal. Other clients of the company include AXA and Western Mutual Insurance.
 
 
 As of January 2020, the company&rsquo;s property intelligence platform held records of more than 90 million structures in the US. CAPE Analytics&rsquo; technology is also being used by commercial insurers and reinsurers when evaluating property-specific risk. Furthermore, the company also provides information related to real estate trading and valuations by relevant stakeholders.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of July 2021, the company reported over 50 subscription customers spanning the insurance and real estate markets including Hippo Insurance, Amica Insurance, and State Auto Insurance.
 
 
 The company 
 <a href="https://sp-edge.com/updates/17369">
 partnered with Google Cloud
 </a>
 to scale and improve its predictive analytics, risk management, and property valuation solutions aimed at insurers and real estate and property developers by using the latter&rsquo;s cloud platform and machine learning technology.
 
 
 Funding and financials
 
 
 In July 2021, the company raised USD 44 million in a Series C funding round led by Pivot Investment Partners. The new funding was earmarked for developing new products, expanding its geographical presence, and growing the company&rsquo;s workforce.
 
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Nexar specializes in dash cams that enable new vision-based applications. Nexar’s core products include Nexar App and Nexar Dash Cams. Nexar Dash Cams are said to record the road and the cabin in up to 4K resolution, while the Nexar App shows the user’s video history, lets them see what’s going on in the car when they're not around, and sends smart alerts. It offers solutions for logistics, mapping, alternative data, cities, car insurance, autonomous vehicles, and parking. Nexar is a privately held company.

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 Snapsheet provides a Software-as-a-Service (SaaS) solution for insurers to digitize their claims processing from First Notification of Losses (FNOLs) all the way to processing disbursements. The platform includes features such as real-time status tracking, payee engagement, financial reporting, and integration with banking platforms. Started under the name BodyShopBids and providing a marketplace for auto repairs that allowed customers to comparison shop by uploading photos of their vehicles, in 2012, the company pivoted to licensing its technology to insurers, enabling them to carry out appraisals virtually without having an agent on site.&nbsp;
 
 
 
 
 The company was forced to furlough 100 staff due to the downturn caused by the Covid-19 pandemic, but by March 2021, the company had reengaged 24 of those employees for a total headcount of 220 people with plans to expand its team by 170 over the next two years.
 
 
 Snapsheet has partnered with insurance startups such as Kin Insurance, Clearcover, and Branch Insurance to power their claims management systems and has also entered into cross-industry partnerships with car-sharing platform Getaround and salvage vehicle marketplace Insurance Auto Auctions (IAA). As of March 2021, the company claims to have processed millions of claims and more than USD 7 billion in appraisals for more than 100 clients including Zurich Insurance and the car rental company Hertz.
 
 
 In March 2021, the company raised USD 30 million in a Series E2 funding round led by Ping An Global Voyager Fund and Pivot Investment Partners. The company expects to use the funding to add new features to its claims management platform and grow its team.
 
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Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

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 Car IQ offers a contactless in-car payment solution called &ldquo;Car IQ Pay&rdquo; for vehicles and fleets. Its platform enables vehicles to autonomously initiate, validate, and complete payments for services such as tolls, fueling, parking, etc. without the need for debit/credit cards or additional hardware. The payment is done via its patent-pending &ldquo;Know Your Machine (KYM)&rdquo; technology&mdash;a machine identity verification process that allows vehicles and machines to connect directly to payment networks/banks, physical infrastructure, and mobility platforms. KYM is accepted by a number of payment networks and is reportedly the first machine payment network that uniquely authenticates vehicles, facilitating direct vehicle-initiated transactions. Car IQ Pay is claimed to be the first in-car payment solution for vehicles and fleets.
 
 
 &nbsp;
 
 
 Key customers and partnerships
 
 
 Car IQ has several service and product partnerships with companies such as digital bank and payments company Discover to build a payment platform for machine-initiated payments for automotive fleets (August 2020); car wash membership platform EverWash to facilitate cardless payment for car washes at EverWash locations (May 2022); toll management and smart mobility technology provider Verra Mobility to offer a toll payment suite for fleet customers (December 2022); software company PDI Technologies to utilize its mobile payment technology to process cardless payments at convenience stores 
 <a href="https://sp-edge.com/updates/19681">
 (June 2023); 
 </a>
 and Visa to enable payment over Visa network 
 <a href="https://sp-edge.com/updates/20062">
 (July 2023).
 </a>
 &nbsp;
 
 
 
 
 As of February 2024, Car IQ Pay covered fuel stations nationwide and 98% of toll gates in the US with plans to extend the solution for repair, maintenance, parking, and insurance payments. The technology was accepted at 21,500+ fuel stations across the US including Shell and Sunoco as of February 2023. In January 2024, Car IQ Pay expanded its merchant network to include over 12,000 Exxon and Mobil stations to the portfolio, and partnered with Huck&rsquo;s Convenience Store 
 <a href="https://sp-edge.com/updates/27273">
 in March 2024,
 </a>
 to facilitate payments for commercial fleet drivers across 128 store locations of Huck's.
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/16244">
 In February 2023,
 </a>
 Car IQ raised USD 15 million in an extended Series B round led by Forte Ventures for further product development to meet the rising demand and to add new commerce categories, including electric vehicle (EV) charging, repairs, registration, and insurance.
 
 
 
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<div>
 
 PreAct Technologies develops software-definable flash LiDAR sensors. These compact and affordable sensors find application across various industries, including automotive, robotics, healthcare, agriculture, and smart cities as well as industrial sectors. Its software-definable flash LiDAR systems named &ldquo;Mojave&rdquo; and &ldquo;Sahara&rdquo; are pitched toward both automotive and non-automotive applications, and can be integrated with ADAS systems and autonomous vehicles. Mojave was made available to the market 
 <a href="https://sp-edge.com/updates/20568">
 in August 2023,
 </a>
 and, as of February 2024, Sahara was yet to be released.&nbsp;
 
 
 
 
 PreAct Technologies claims that its suite of sensor technologies is the only software-definable LiDAR on the market designed specifically to support the extended life of software-defined vehicles.
 
 
 
 
 Key customers and partnerships
 
 
 In March 2022, PreAct Technologies partnered with ESPROS Photonics, a Swiss phonetics technology company, to jointly develop its flash LiDAR solution pitched toward automotive, trucking, industrial automation, and robotic applications. In September 2023, it partnered with Aioi Nissay Dowa Insurance Services USA to couple Aioi&rsquo;s edge computing data science platform, MOTER, with PreAct&rsquo;s advanced near-field sensor technology to commercialize data insights related to insurance-related driving risks.&nbsp;
 
 
 
 
 The company also acquired Spanish AI/ML-based gesture recognition software company, Gestoos 
 <a href="https://sp-edge.com/updates/15634">
 in January 2023
 </a>
 to complement its sensor solutions.
 
 
 
 
 Funding and financials
 
 
 
 
 <a href="https://sp-edge.com/updates/17973">
 In April 2023,
 </a>
 PreAct Technologies announced the second close of its Series B funding round, raising USD 20 million led by I Squared Capital following the first close raising USD 14 million 
 <a href="https://sp-edge.com/updates/15518">
 in January 2023.
 </a>
 The company intended to utilize the funds to meet the growing demand for its products from industries like agriculture, healthcare, and robotics.
 
 
 
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Toyota and BMW-backed May Mobility develops self-driving technology pitched toward autonomous shuttle services for public transportation. Its proprietary multi-policy decision-making (MPDM) autonomous driving technology comes with a suite of sensors including LiDAR, radar, and cameras to create a 360-degree view of surroundings <a href="https://sp-edge.com/updates/17125">(third-generation system released in March 2023) </a>. The technology can be integrated into multiple platforms such as buses or cars.As of February 2024, May Mobility had active autonomous shuttle services deployed in cities in Michigan, Minnesota, Texas, and&nbsp;<a href="https://sp-edge.com/updates/17972">Arizona,</a> and&nbsp;<a href="https://sp-edge.com/updates/21984">California</a>. The company claimed to have completed 350,000+ autonomous rides as of October 2023 (includes now inactive deployments in geographies including Hiroshima [Japan] and Indiana). May Mobility was yet to commence commercial operations as of January 2024, and these rides were offered free of charge to customers, with costs being borne by partnering companies. The company has driverless operations in Sun City, Arizona&nbsp;<a href="https://sp-edge.com/updates/25063">in (December 2023)</a> and Ann Arbor, Michigan&nbsp;<a href="https://sp-edge.com/updates/36320">(November 2024).</a>However, <a href="https://sp-edge.com/updates/26710">in February 2024, </a>May Mobility announced layoffs of roughly 13% of its workforce (about 40 employees), to focus on its main business objectives.Key customers and partnershipsMay Mobility has product development partnerships with companies such as Toyota to retrofit its tech into Toyota’s vehicles <a href="https://sp-edge.com/updates/26500">(announced plans</a> to launch robotaxi services in Odaiba, Japan by mid 2024, and at Miyata factory in Fukuoka, Japan for employee and guest transportation in <a href="https://sp-edge.com/updates/36762">December 2024);</a> Bridgestone Americas for tire technology (March 2022); and Aeva for LiDAR sensors&nbsp;<a href="https://sp-edge.com/updates/23631">(November 2023).</a> The company also has partnerships with wheelchair-accessible van manufacturer BraunAbility to modify its fleet of Toyota Sienna vehicles to include wheelchair access (April 2022); SoftBank to obtain 5G network services for deployments in Japan (June 2022); Stantec, a design and engineering company, to develop autonomous micro-transit solutions&nbsp;<a href="https://sp-edge.com/updates/17349">(March 2023);&nbsp;</a>mobility service provider, Moovit to integrate its urban mobility app and on-demand reservation and routing software&nbsp;<a href="https://sp-edge.com/updates/17698">(April 2023)</a>; shared mobility solutions provider Liftango to create demand-responsive autonomous microtransit solutions&nbsp;<a href="https://sp-edge.com/updates/23073">(October 2023)</a>; and Peachtree Corners, a smart city in Georgia for autonomous vehicle operations (<a href="https://sp-edge.com/updates/34064">September 2024</a>).&nbsp;The company has partnered with cities and authorities (e.g.,&nbsp;<a href="https://sp-edge.com/updates/31213">Southwest Transit Commission,</a>&nbsp;<a href="https://sp-edge.com/updates/30371">City of Detroit Office of Mobility Innovation and the Michigan Mobility Collaborative,</a> City of Arlington, City of Grand Rapids, The Indiana Economic Development Corporation,&nbsp;<a href="https://sp-edge.com/updates/33594">Contra Costa Transportation Authority),</a> universities (e.g., University of Texas, Arlington), transit tech and ride-hail companies (e.g.,&nbsp;<a href="https://sp-edge.com/updates/17972">Via,</a>&nbsp;<a href="https://sp-edge.com/updates/35718">Lyft),</a> and nonprofits (e.g., Toyota Mobility Foundation, Energy Systems Network) for its active and past deployments. As announced&nbsp;<a href="https://sp-edge.com/updates/23570">in November 2023,</a> NTT will have&nbsp;<a href="https://sp-edge.com/updates/23510">exclusive rights</a> to sell May Mobility's self-driving system in Japan. The companies will also work with Toyota for autonomous vehicle testing in Japan.

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

Hover offers a mobile app that allows homeowners to capture photos with their smartphones which can be transformed into fully-interactive 3D models which can be used to measure, design, and estimate projects while providing professionals with detailed information. The platform also provides insurance professionals' claim cycle workflows with up-to-date photos and detailed property measurements to create accurate claim estimates.In February 2024, Hover added new automated features to its app to streamline project management for contractors. The updates include Material Lists, Checklists, and Job Invites. Material Lists quickly generate order-ready lists with customizable templates, Checklists help document and communicate project details, and Job Invites enhance collaboration among professionals and homeowners.

Hemlane operates a centralized property management platform that allows landlords to manage the rental process of all their properties via one platform. The platform operates a tiered system that offers landlords the option of selecting their level of involvement in the rental management process, while the rest is delegated to licensed professionals. The platform manages the entire rental lifecycle from tenant screening to managing repairs.It also provides some added services, such as its own network of licensed agents, managers, maintenance coordinators, and a virtual assistant for addressing repair requests, all of which are available with an upgraded user package.Hemlane provides four pricing tiers for its property management software: Free, Basic, Essential, and Complete. The Free plan includes limited features for those new to property management. The Basic plan costs USD 30 per month and offers marketing tools, lease management, and rent collection. The Essential plan, priced at USD 48 per month, adds state-specific leases and repair coordination. The Complete plan, at USD 96 per month, provides full repair coordination and access to service professionals.&nbsp;As of August 2024, the platform claims to operate over 29,300 rental properties across 50 states.

The latest line of defense against rising cyber attacks

Cyber Insurance

Elpha Secure is a managing general agent providing cyber security software integrated with cyber insurance coverage for small and medium-sized enterprises to protect against cybercrimes targeted at businesses.Elpha Secure also provides tailored cyber insurance coverage, which is backed by an AM Best A-rated carrier. Elpha Secure undergoes a streamlined AI-powered underwriting process to deliver cyber insurance quotes. The company covers the impacts of cyberattacks such as ransomware, extortion loss, data restoration, cyber crime, hardware replacement, network security and privacy liability, and business interruption. Elpha Secure offers its software and cyber insurance coverage under a SaaS subscription model for up to USD 1,000 per year. The company offers insurance with maximum coverage of USD 3 million to companies. Elpha Secure determines an organization’s external security posture and delivers a risk scorecard along with the cyber insurance quote. The company partners with select brokers to deliver its product.Elpha Secure’s ML-based software features data backup, virtual private network, software version management, secure multi-factor authentication for remote access, 24/7 security operations center, endpoint detection and response, and real-time threat monitoring.Elpha Secure operates in all 50 US states, and it is backed by Axis Surplus Insurance Company and Everest Re Group.Funding and financialsIn October 2022, the company <a href="https://sp-edge.com/updates/13631">raised USD 20 million </a>in Series A funding led by Canapi Ventures. The company utilized the funds for its business growth through its broker network and enhanced its product features such as improved cyber defense systems and enhanced end-to-end protection and response measures.

Smart Homes: Energy & Water Solutions

Whisker Labs is a company focused on electrical fire prevention through its flagship product, Ting. Ting is a smart plug-in sensor that monitors a home's entire electrical system for electrical fire hazards. It uses machine learning and artificial intelligence to analyze high-frequency signals and detect micro-arcing, loose connections, and faulty wiring or devices that could lead to electrical fires.
Ting takes 30 million measurements per second to identify anomalies and arcing signatures that indicate potential fire risks. If a hazard is detected, the homeowner receives notifications through the Ting app with guidance on addressing the issue. Ting can differentiate between normal arcing and hazardous situations, reducing false alarms.
The technology combines proprietary hardware, digital signal processing capabilities, and a growing signal library correlated with verified electrical fire hazards. Whisker Labs' data shows that Ting prevents approximately 80% of electrical fires across hundreds of thousands of monitored homes.
In addition to detecting internal electrical hazards within the home, Ting identifies utility-related fire hazards originating from the local electrical grid infrastructure, such as loose neutrals, high/low voltage issues, and failing transformers. This unique capability helps improve grid resilience and situational awareness for utilities.
Beyond fire prevention, Ting often identifies faulty home systems or appliances essential for safe living conditions, enabling proactive repairs or replacements before failures occur. The company is leveraging its growing dataset to develop AI/ML models for predicting home fire risk based on various factors.

Riding together toward a sustainable future

Shared Mobility

HopSkipDrive is a leading rideshare service specializing in providing safe and reliable transportation for children aged six and above, as well as for other populations requiring additional care, such as older adults and individuals with disabilities. Founded in 2015, the company employs highly experienced "CareDrivers" who undergo rigorous background checks and a comprehensive certification process to ensure the utmost safety and security for their riders.
HopSkipDrive's innovative technology platform allows parents, caregivers, and organizations to schedule rides in advance, track the journey in real-time, and receive constant updates throughout the trip. The company partners with educational facilities, government agencies, and nonprofits to support its mission of enabling reliable mobility solutions for families and communities.
One of the key differentiators of HopSkipDrive is its strict safety protocols. All CareDrivers must pass extensive continuous background checks, including fingerprinting, criminal record checks, sex offender checks, and social security trace. They are also required to have a minimum of five years of caregiving experience, with at least two years working with children. The app's two-factor authentication system and real-time ride monitoring further enhance the safety measures.
HopSkipDrive offers various accommodations to cater to the specific needs of its riders, such as providing booster seats, front-seat rides (for riders aged 12 and above), and gender-specific CareDrivers upon request. The company's flexible booking system, intuitive app, and detailed monitoring function contribute to a convenient and stress-free experience for parents and caregivers.
While HopSkipDrive's rides tend to be slightly more expensive than traditional taxi services or ride-sharing apps due to the additional safety measures, many parents consider the cost reasonable and well worth the peace of mind it provides.

Digitizing the commercial real estate value chain

Commercial PropTech

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.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Nexar develops AI-powered connected dash cameras and software solutions for vehicles. The company's dash cameras record high-definition video footage of both the exterior and interior of vehicles, with models offering resolutions ranging from 1080p to 4K. Its products feature automatic incident detection, GPS tracking, parking mode surveillance, and cloud backup capabilities. The cameras connect to smartphones via WiFi and utilize an AI-powered mobile app that automatically saves important clips and allows users to access footage remotely. Nexar's product lineup includes several models like the Nexar One (featuring 4K resolution and LTE connectivity), Nexar Beam (a compact single-lens camera), and Nexar Pro (a dual-lens system for interior/exterior recording). The cameras use AI algorithms to detect collisions, hard braking events, and other incidents, automatically generating detailed reports with video evidence, location data, and speed information for insurance claims.
Key customers and partnerships
The company primarily serves individual drivers, ride-share operators, and commercial fleet operators. Nexar's technology particularly appealed to professional drivers, ride-share services like Uber and Lyft, and fleet management companies looking to monitor driver behavior and vehicle security remotely. The company also caters to parents monitoring teen drivers through its real-time alert and tracking capabilities.

Harnessing tech to provide exceptional customer experiences

Customer Service Platforms

Replicant is a San Francisco-based company that develops call center automation software using artificial intelligence and machine learning technology. The company's core product is a "thinking machine" that uses advanced AI models to accurately translate customer intent 94% of the time. Replicant's system integrates with existing customer relationship management software to recognize customers based on their order histories and past interactions. It can capture, transcribe, and make customer conversations searchable, while engaging with customers through voice, SMS, and web channels. The technology is designed to automate mundane customer service interactions, allowing human agents to focus on more complex issues. Replicant's AI is contextually aware, drawing upon knowledge from prior conversations and customer data. The system has been trained to wait a few extra seconds for a person to finish speaking, accommodating older populations and those with speech delays. The company offers enterprise customers the ability to choose data retention windows, typically ranging from six months to two years. For cases involving sensitive information, Replicant provides a service called "highly confidential turn" to redact sensitive data from its database and logs.

OneClick is a trusted data partner, dedicated to streamlining the code-sourcing process for all parties in the roofing industry while also increasing efficiency and transparency for all stakeholders in construction and restoration. OneClick Data, is the only platform to have blazed the trail for data automation of jurisdictional authority for building codes, permit fees, taxes, and manufacturer specifications required for any address nationwide. OneClick Data has been serving customers in the contracting, insurance, and claim adjusting fields by providing instant access to trusted roofing codes, in the click of a button. Offering unique reports that can be easily shared between all stakeholders in the roofing claims industry, OneClick is adding value to all parties and empowering customers to save time and money on every claim. Welcome to restoration intelligence, automated.

May Mobility specializes in autonomous vehicle technology development and deployment. The company's technology studies the city's traffic and commuter flow, identifying bottlenecks and gaps in the current public transit schema to design the optimal routes for communities. The company also offers a fleet operation service and provides daily transit by deploying autonomous shuttles to reduce human error in driving, reduce pollution, and create greater economic benefit for communities and riders, enabling public transportation systems to create a safer, greener, more efficient environment.

Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Every millisecond matters before a crash, and our patent-pending suite of sensor technologies, computing systems, and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash.  Their Portland-based firm leverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision. This alone can reduce the majority of injuries from the most common types of crashes while saving the industry billions of dollars annually. Seasoned automotive experts lead PreAct Technologies, with the engineering team comprised of leaders in computer vision, optics, and parallel processing. It arose from more than 15 years of DARPA-funded research in high-speed optics and computing systems and a major investment from Artis Corporation, the leading US provider of military active protection systems.

Car IQ’s cutting-edge payments platform eliminates the credit card completely and connects your vehicle directly to merchants to make secure payments. Car IQ integrates with existing tech stacks and uses telematics and vehicle data to provide fleets with detailed vehicle insights, enabling them to monitor each transaction and prevent fraud. Car IQ consolidates all transactions into a single ledger, reducing reconciliation and enabling fleets to manage their spending more effectively.

Get Covered develops custom digital solutions for the insurance industry. Its automated, simplified platform ensures commercial or residential clients purchase and maintains their insurance.

Elpha Secure is a provider of cybersecurity solutions and software protection to small businesses. To defend against today's attacks and prepare for the next generation of cyber threats, they use telemetry tools to stay one step ahead of threat actors. The company's comprehensive cyber insurance coverage is backed by an AM Best A-rated carrier and supplemented by a hand-picked team of incident response professionals, and its full suite of cybersecurity software is developed and supported in-house and validated by a leading third-party security provider.

Owl Autonomous Imaging delivers Monocular 3D Thermal Ranging™ solutions to industrial and automotive mobility markets to dramatically enhance safety day or night and in all weather conditions.  Thermal Ranging™ is a new 3D modality that uses optical fusion and novel deep learning techniques to extract dense range maps from radiated heat signatures, without requiring illumination. Owl was co-founded by Chuck Gershman. Mr. Gershman has 30 years of semiconductor industry experience in executive management, marketing, engineering, business development, sales, consulting and executive advising. A serial entrepreneur, Mr. Gershman has been a member of the executive team of five startups, three of which as CEO/COO. He has had successful exits with acquisitions by Intel and PMC-Sierra. Further company information can be found at www.owlai.us

Hemlane is a nationwide property management platform. They empower rental owners to manage their properties remotely with a transparent solution that offers online tools and connections to maintenance coordinators and local support. For agents and managers, they can manage existing clients and meet new clients directly on Hemlane. Top features: (1) Rental Marketing: Advertises rentals to over 30 rental listing websites. (2) Show Scheduling: Responds to prospective tenants’ inquiries, schedules showings, and sends reminders to prospective tenants. (3) Applicant Screening: Recommends whether to accept or deny applicants based on objective criteria and comprehensive applications and screening. (4) Lease Tracking: Reminders on lease renewals, saves and protects important property and tenant-specific documents. Partners to provide lease contracts and on call legal advice. (5) Online Rent Collection: Reminds tenants on rent collection, offers ACH and credit/debit payments, and sends automatic requests for the late fees. (6) Maintenance: Alerts you with maintenance requests (allows photo upload) and adds your vendors to the conversation (no sign in required)   LOCAL FEATURES: (1) Provides access to recommended licensed agent and managers in your area for local expertise (2) Offers 24/7 coordination of maintenance and repair requests.

Nexar creates powered dash cams that enable new vision-based applications for better driving. Nexar's mission is to reduce the chance of collisions and to make the road safer for everyone. Like a school of fish or a flock of birds, we want to get every car on the road moving safely and smoothly together.  Using a Nexar-powered dashcam, AI, and inter-vehicle networking, Nexar makes every car a smart car and is building the world’s first safe driving network.

Whisker Labs develops cutting-edge sensor technology to protect families, homes, and communities by predicting and preventing electrical fires in homes while monitoring the resiliency and safety of the U.S. electrical grid. Its flagship solution, Ting, draws on decades of electromagnetic and atmospheric sensor expertise combined with AI to detect electrical faults in the home and across the grid. Through a single DIY sensor plugged into a wall outlet inside the home, Ting enables intelligent detection, localization, and mitigation of hazards before they can start a fire. Ting is proven to prevent four out of five home electrical fires, reducing home fire losses and saving lives across the U.S. daily. As one of the fastest-growing grid IoT networks - with 3/4 million homes protected today and 50k homes joining the service monthly - the Ting Sensor Network has evolved into a vital data source supporting grid resiliency. For more information, visit www.whiskerlabs.com and www.tingfire.com.

Homee is a technology platform for connecting insurers, policyholders, and service providers in the claims process. They facilitate scheduled and emergency mitigations and repairs. They create tools for insurance to connect policyholders and service providers in the claims process. Their network of registered restoration contractors, plumbers, and electricians specializes in claim and repair services.

Phiar is an ultra-lightweight AI company, building the world's most advanced Ultra-Lightweight Spatial AI Engine to enable every vehicle to see its surroundings, running real-time at the edge, using just commodity mobile-grade processors and existing automotive computing platforms with a single camera. Focused first on powering our Intelligent AR Navigation Platform, as the anchoring/foundational use-case to transform driving experience and safety, and to ultimately enable the next-gen connected cars and ADAS services.

Cape Analytics uses deep learning and geospatial imagery to provide instant property intelligence for buildings across the United States. Cape Analytics enables insurers and other property stakeholders to access valuable property attributes at the time of underwriting—with the accuracy and detail that traditionally required an on-site inspection, but with the speed and coverage of property record pre-fill.

Hover is making the homeowner journey easy, transparent and fun. Starting with the home improvement industry,  we’re answering age-old questions like, “What is it going to look like?” and “What is it going to cost?”, by helping homeowners and pros visualize what’s possible with Artificial Intelligence (AI) and interactive 3D property models. Homeowners, contractors, and insurance professionals all use Hover to get fully measured, accurate, and interactive models of any property—in a matter of minutes, and with just a few snaps of a smartphone camera.

Replicant is an AI voice technology that solves problems over the phone, improves customer experience, and reduces cost. Replicant was founded on the belief that machines are ready to have useful, complex conversations that will transform the way they interact with the world. The company's initial focus was making Replicant listen closely, think quickly, take actions, and reply fast enough to be conversational. The brain needed to understand complex and colloquial speech patterns and interpret slang and humor. Piece by piece we built elegant tools that allowed Replicant to listen, think, speak, act and interact with the world.

HopSkiDrive is an information technology company that offers safe and dependable transportation solutions for schools and families. The company specializes in the fields of ridesharing for kids, kid transportation, school transportation, and student transportation. HopSkipDrive presently has contracts with more than 400 school districts and operates in 21 significant markets across 12 states. HopSkipDrive CareDrivers have securely transported 2 million riders to more than 16,000 schools while driving more than 20 million miles. It was founded in 2014 and is headquartered in Los Angeles, California.

Liveoak is a computer software company that specializes in cloud-based platform. It features a cloud-based software application platform that utilizes video conferencing, screen-sharing and data/ID capture with forms collaboration and e-signature capabilities that let your teams deliver white-glove service to your customers. The company was founded in 2014 and headquartered in Austin, Texas.

State Farm Ventures is a venture capital firm that invests in companies that disrupt conventional modes of operation to help each of individual live smarter and safer lives.

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