Blamar

Plug and Play is a seed and early-stage investor focused on great teams leading emerging growth companies.  Plug and Play runs 12 industry-specific accelerator programs twice a year, that acts as a platform for major corporations and high quality startups to connect and collaborate.  Located in the heart of Silicon Valley, Plug and Play participates in Seed, Angel and Series A funding where they often co-invest with their strategic partners. Through years of experience and as part of their network, Plug and Play has put together a world-class network of serial entrepreneurs, strategic investors, and industry leaders who actively assist the firm with its successful and growing investment portfolio.  SEED ROUND. Plug and Play participates in seed round investing through a program called Startup Camp. Startup Camp is a 10-week program based in Silicon Valley for top-notch entrepreneurs to work intensively on building out their business model. Select startups will refine their business models and prototypes with help from a combination of structured workshops, speaker series and mentorship sessions, as well as active coaching from their investment team. At the culmination of Startup Camp, founders will have crystalized their business plans and pitched their company to the venture capital community at EXPO Demo Day.''  ANGEL ROUND Plug and Play makes angel round investments throughout the year, sourced from their monthly Plug and Play Angels (PAPA) sessions. They are partnered with local angel investors in Silicon Valley who participate in PAPA to find the most promising startups and best new technologies.  SERIES A. Series A typical Series A round is in the range of $2 million to $10 million, and is intended to provide operating capital for the company for six months to two years. This round capitalizes the company as it develops its products, performs initial marketing and branding, acquires talent, and conducts other early-stage business operations. It is in this stage that Plug and Play will co-invest with over 180 venture capital partners.  Plug and Play has helped grow market leaders such as PayPal, Danger, Google, DropBox, LendingClub, Zoosk, SoundHound, CreditSesame, Skytree, and has over 400 more early-stage startups in its portfolio.

Plug and Play

Centana Growth Partners is a private equity firm focused on providing growth equity and venture capital to companies in the financial services ecosystem. The firm’s partners bring decades of investing and operating experience, built on the backbone of specialized knowledge and deep domain expertise in our sectors. Over time our team has developed an extensive network with leading players and institutions in the industry, providing our companies the opportunity to accelerate growth and take their businesses to the next stage.

Centana Growth Partners

Brex is a spend platform that includes corporate cards, cost management, reimbursements, and bill pay.

Brex Inc.

ZestyAI

ZestyAI is the leading property and climate risk platform for Property and Casualty insurers in North America. The company has revolutionized the world’s understanding of property and climate perils by combining artificial intelligence with historical losses and cutting-edge data sources. Leading insurers trust ZestyAI’s platform to identify risk and assess exposure, including the impact of catastrophic events like wildfires, hail, and wind storms. ZestyAI helps insurers make more informed underwriting decisions, rate fairly and accurately, enhance reinsurance outcomes, and improve customer experience through actionable risk insights that both property owners and regulators trust.  For more information on how ZestyAI is revolutionizing risk management, visit www.zesty.ai.

Zesty.ai is a provider of property risk analytics solutions. The company leverages AI and machine learning to build digital twins of buildings.

Climate Risk Analytics

Zesty.ai is a property intelligence startup that takes in over 200 billion data points that include satellite and aerial imagery, combined with traditional data sources such as weather information, real estate transactions, details on building permits, etc. to deliver insights relating to a property. Insurers then apply this data to facilitate underwriting decisions, detect changes to properties, and devise marketing campaigns. Zesty.ai also offers a model to assess and predict climate risks using AI.

InsurTech: Infrastructure

Zesty.ai

ZestyAI unveils AI-powered model for non-weather water claims

Florida Peninsula Insurance Company

To use ZestyAI's Z-PROPERTY Location Insights solution to obtain property data from multiple sources using advanced computer vision and machine learning.

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using AI/ ML solutions

MetLife

MetLife partnered with Zesty.ai to predict fire risk in wildfire prone areas to support property-level risk scoring

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Zesty.ai is a provider of property risk analytics solutions. The company leverages AI and machine learning to build digital twins of buildings.The company’s climate risk models include Z-FIRE, Z-HAIL, Z-FLOOD and Z-WIND. Zesty.ai’s wildfire model, Z-FIRE, is a proprietary predictive risk evaluation platform that leverages high-resolution imagery, building and weather data, and AI to identify the level of a property's wildfire risk. Z-Hail provides predictive hail damage risk scores, Z-FLOOD predicts flood risk scores across property and Z-WIND scores each property for frequency and severity of wind.Key customers and partnershipsThe company’s state-of-the-art R&amp;D facility is in Montreal, Canada. Zesty.ai has partnered with several insurance and property companies. Insurers access Zesty.ai’s platform to obtain data about severe weather events for underwriting and when onboarding new insuree property. Insurance companies including Amica, Aon, Berkshire Hathaway, Cincinnati Insurance, Farmers Insurance, MetLife, and The California FAIR Plan leverage Zesty.ai’s models when formulating their risk management strategies. In July 2023, the company joined forces with <a href="https://sp-edge.com/updates/20033">Coterie Insurance </a>, to provide property risk insights for commercial insurance underwriting across the US. In September 2023, Zesty.ai integrated the Insurance Institute for Business &amp; Home Safety's (<a href="https://sp-edge.com/updates/22326">IBHS</a>) FORTIFIED construction standard into its Z-PROPERTY predictive property and climate risk platform. In <a href="https://sp-edge.com/updates/24446">November 2023</a>, the company partnered with Cytora, a UK-based insurance company, and in <a href="https://sp-edge.com/updates/28766">April 2024</a>, Florida Peninsula Insurance, a provider of homeowners insurance, to provide property risk analytics.Funding and financialsZesty.ai’s most recent funding round was in July 2022, when it raised USD 33 million in a Series B funding round led by Centana Growth Partner. The funds were to be utilized to scale up Zesty.ai’s offerings.

Tomorrow.io (formerly called ClimaCell) is a short-term weather analytics platform, serving businesses across a wide range of industries, including aviation, energy, insurance, on-demand companies, professional sports and venues, and logistics, as well as government agencies globally.The company’s proprietary Weather and Climate Security platform uses machine learning to translate hyperlocal forecasts into actionable insights for business decision-making. The platform aggregates real-time data from existing numerical weather prediction models to provide customized climate risk dashboards and alerts for businesses using AI and machine learning. Tomorrow.io’s key value proposition is its five-day advanced warning on adverse weather.In May 2023, the company launched its first satellite, Tomorrow-R1, the world’s first commercially built weather-radar satellite. Tomorrow.io launched a second satellite (R2) in <a href="https://sp-edge.com/updates/19726">June 2023 </a>. This makes Tomorrow.io the first company to launch precipitation radar-equipped satellites following NASA’s GPM satellite.Key customers and partnershipsTomorrow.io was serving 1,000+ customers as of November 2022, which included some high-profile clients such as Microsoft, Uber Technologies, Ford Motor Company, Delta Airlines, JetBlue Airways, National Grid and the U.S. Air Force.Funding and financialsTomorrow.io’s most recent funding was in <a href="https://sp-edge.com/updates/19726">June 2023 </a>, when it raised USD 87 million in a Series E funding round led by Activate Capital. The funds were used to launch the complete constellation of 20 satellites. In March 2021, Tomorrow.io raised USD 77 million in a Series D funding round led by Stonecourt Capital, to launch more radar-equipped satellites and to improve the company's overall product offering.

Tomorrow.io

Climavision offers an AI-powered radar-as-a-service solution to provide real-time weather prediction models and analytics. Climavision was a spin-off of Enterprise Electronics Corporation (EEC), a weather radar and satellite service provider. The company develops a private network of weather radars and satellites to fill in the coverage gaps across existing National Oceanic and Atmospheric Administration (NOAA) and National Weather Service (NWS) systems. This reportedly allows Climavision to collect additional data points to provide more accurate weather predictions than those solutions that only use legacy weather data.Climavision’s product offering includes Radar-As-A-Service (RaaS), Numerical Weather Prediction with GPS Radio Occultation (RO), and Numerical Weather Prediction with GPS-RO+ Radar. 1) RaaS provides real-time weather data, via Climavision's proprietary sensing network. 2) Numerical Weather Prediction with GPS-RO is a numerical weather prediction model. 3) Numerical Weather Prediction with GPS-RO+ Radar leverages the real-time power of Climavision’s sensing network. In <a href="https://sp-edge.com/updates/21793">September 2023</a>, Climavision installed its weather X-Band weather radar system in Alabama, to fill a low-level coverage gap in the Appalachian Plateau region. &nbsp;In <a href="https://sp-edge.com/updates/30169">June 2024</a>, the company launched a new product suite called Horizon AI to support the renewable energy sector. The suite improves the accuracy and scope of forecasting models by integrating machine learning and AI-based tools.In <a href="https://sp-edge.com/updates/30156">May 2024</a>, Climavision acquired Intersphere, a sub-seasonal to seasonal (S2S) weather forecasting platform (up to a year in advance), to enhance AI-powered weather prediction.&nbsp;Key customers and partnershipsIn June 2022, the company partnered with GE Digital, a provider of machine data to produce analytics and insights, to support the latter’s customers, improve their weather prediction ability, and better plan for severe storm events. Previously, in February 2022, the company added Cargill, a food and agricultural company to its customer portfolio.In June 2021, Climavision also entered into a strategic collaboration with GeoOptics, an Earth remote-sensing provider, to improve its weather forecasting solutions.Funding and financialsClimavision’s most recent funding round was in June 2021, when it raised USD 100 million in a Series A funding round led by The Rise Fund.

Climavision

Jupiter Intelligence provides climate risk analytics solutions across private and public sectors by incorporating AI and machine learning for predictive climate modeling. Jupiter covers a range of natural disasters such as flood, wind, heat, cold, wildfire, drought and water stress, hail, and extreme precipitation.As of November 2022, the company offered its solutions across 30+ companies in the Global 2000, US Department of Defense, and Federal Emergency Management Agency (FEMA). Jupiter serves across 20 sectors including banking, chemicals, insurance, pharmaceuticals, agriculture, and construction and provides customers with access to nearly 150 trillion data fields using cloud-based supercomputing. The company offers its risk analytics solutions via web-based applications, reports, through an API, and consulting engagements.Jupiter’s ClimateScore Intelligence Platform claims to predict natural disasters from one-hour to 50+ years in advance. The company also offers a ClimateScore Planning suite, which includes FloodScore, HeatScore, WindScore, FireScore and ClimateScore Global solutions for climate risk assessment. As of November 2022, Jupiter’s platform was priced at USD 1 million per year and upward.Key customers and partnershipsIn June 2022, the company partnered with Boston Consulting Group (BCG) to incorporate Jupiter’s climate analytics into BCG’s ClimateImpact.AI platform. In August 2022, Jupiter collaborated with Aon, a professional services firm, to address climate change for financial institutions’ balance sheets, identification of climate risks, and quantification of climate-related disclosure regulations. In January 2023, the company partnered with <a href="https://sp-edge.com/updates/15706">FORVIS </a>, an accounting and advisory company, to develop a climate risk modeling tool. In March 2024, Jupiter entered into a strategic agreement with <a href="https://sp-edge.com/updates/27657">Jones Lang LaSalle (JLL) </a>, an NYSE-listed real estate and investment management company, to provide AI-powered climate risk analytics for properties and portfolios. Jupiter’s customers include Hawaiian Electric, Zurich, conEdison, bp, Liberty Mutual, QBE, MS&amp;AS Insurance, Terna, Bephila, New York City, City of Miami, NASA, and US Department of Housing and Urban Development.Funding and financialsJupiter’s most recent funding was in October 2021, when it raised USD 54 million in a Series C funding round co-led by Clearvision Ventures and MPower Partners. The proceeds were to be used to expand sales, support customer demand, and scale up its R&amp;D activities.

Jupiter Intelligence

ClimateAi provides climate risk modeling solutions across global supply chains. The company states that its digital platform monitors short-term, seasonal, and long-term climate risks, ranging from one day to 50+ years into the future. ClimateAi’s proprietary AI modeling platform optimizes supply chain operations from production planning, demand estimation, and inventory management to ensure minimum climate disruption across supply chains. The company also launched its Enterprise Climate Planning (ECP) platform, to quantify climate impacts and provide business-specific insights in order to mitigate climate risks across supply chains.Key customers and partnershipsAs of November 2022, the company was working with 20+ food and agricultural companies across 35 countries.Funding and financialsClimateAi’s most recent funding was in April 2023, when it raised <a href="https://sp-edge.com/updates/17753">USD 22 million </a>in a Series B funding round led by Four Rivers Group. Previously in July 2021, the company raised USD 12 million in a Series A funding round led by Radical Ventures. The proceeds were utilized to expand its platform offering from existing food and agricultural companies to other industry supply chains. Part of the funds were also used to expand the company’s geographical footprint across India and Japan.

ClimateAi

Floodbase (formerly Cloud to street (C2S)) is a flood intelligence platform powered by satellites, machine learning, and on-the-ground observation data to track flood-events in real time. The company’s proprietary satellite imagery, historical data, and flood modeling provide governments and insurance companies with precise data to monitor people and assets at risk, identify blocked roads, and measure property and agricultural damage. The company utilizes 15 satellites to gather flood data.Floodbase also offers a Global Flood Database, a free and an open-sourced platform, which has mapped nearly 913 flood events across 169 countries globally as of November 2022.Key customers and partnershipsFloodbase supported 28 governments and institutions as of November 2022. The company’s customers include WillisRe, an insurance subsidiary of Willis Towers Watson. WillisRe adopted C2S’s platform to optimize its actuarial models in markets like Indonesia.In June 2022, the company partnered with two parametric insurance platforms, Raincoat and Munich Re Group, to deploy the world’s first parametric flood insurance program. Since then, Raincoat has leveraged Floodbase’s flood data to develop a platform that allows payouts to insured farmers within days of a disaster. In October 2023, the company partnered with <a href="https://sp-edge.com/updates?industryIds=124">Ag Guard </a>to provide parametric flood insurance programs for farmers and governments in Australia and New Zealand in 2024. In December 2023, Floodbase collaborated with <a href="https://sp-edge.com/updates/24786">Oneglobal </a>, a UK-based insurance broker, to provide flood insurance solutions for the Asian market. In January 2024, the company partnered with <a href="https://sp-edge.com/updates/25834">Capella Space</a>,, a space tech firm, to leverage high-resolution satellite data for parametric insurance payouts. In August 2024, Floodbase partnered with <a href="https://sp-edge.com/updates/32691">Amwins</a>, a specialty insurance distributor, to launch the Tees-to-Green flood insurance program for US golf courses.Funding and financialsThe company’s most recent funding was in January 2023, when it raised USD 12 million in a Series A funding round led by Lowercarbon Capital, alongside participation from Collaborative Fund, Floating Point, and Vidavo.

Floodbase

Forecasts weather for up to 14 days by using AI/ ML solutions

Forecasts weather for up to 14 days by using other next-generation solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using other next-generation solutions

Provides long-term climate risk analytics to cover the gap in traditional insurance products

Provides climate risk scores for third-parties

Uses AI/ML tools to forecast climate risks for up to ~50–80 years

Provides tools to identify future hazards to protect industries like agri and insurance

Zesty.ai is a property intelligence startup that takes in over 200 billion data points that include satellite and aerial imagery, combined with traditional data sources such as weather information, real estate transactions, details on building permits, etc. to deliver insights relating to a property. Insurers then apply this data to facilitate underwriting decisions, detect changes to properties, and devise marketing campaigns. Zesty.ai also offers a model to assess and predict climate risks using AI.Key customers and partnershipsZesty.ai’s customers include half of the top 50 property and casualty insurance carriers in the US such as Amica, Aon, Berkshire Hathaway, Cincinnati Insurance, and Farmers Insurance. The company reported that its revenue grew by 200% YoY in FY2021.Funding and financialsIn March 2022, Zesty.ai raised USD 10 million in the form of venture debt from B2B neobank, <a href="https://sp-edge.com/companies/627532">Brex </a>—through its ‘Brex Venture Debt’ arm. In addition, it raised USD 33 million in Series B funding in July 2022, led by Centana Growth Partners with participation from Brex. The company aimed to use the fresh capital to expand its product portfolio within the property insurance space and develop new products for the real estate market, particularly for mortgage, property, and asset management.

<div>
 
 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
</div>

AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

Bambi Dynamic

CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters “AI superpowers” that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2016, CLARA Analytics is headquartered in California’s Silicon Valley. For more information, visit www.claraanalytics.com.

CLARA Analytics

Coterie Insurance is an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 ZestyAI, a company that specializes in AI-driven climate and property risk analytics, has grown its partnership with auto, home, and life insurance provider, Amica Mutual Insurance. 
 Through this partnership, Amica will be able to utilize ZestyAI's comprehensive property and climate risk analytics platform. This includes AI-based hail and wind models (Z-HAIL and Z-WIND) and a property risk solution (Z-PROPERTY). They will be able to integrate these tools with their existing wildfire risk assessment (Z-FIRE) and regulatory compliance solutions.
 The growth of this partnership enables Amica to shift from territory-based segmentation to a more precise property-based risk assessment approach. As a result, they can improve their underwriting and portfolio optimization capabilities. Moreover, it provides Amica with a better understanding of the risks for individual properties. This empowers them to make more informed, transparent risk decisions in light of the increasing severity of weather events.
</div> Analyst QuickTake: 
 In <a href="https: 
//sp-edge.com/updates/28766"> April 2024 </a> , the company entered into a similar partnership with Florida Peninsula, a homeowners insurer, to improve its property risk analytics. As part of the collaboration, using advanced computer vision and machine learning, Florida Peninsula optimized ZestyAI's Z-PROPERTY Location Insights solution to obtain property data from multiple sources.

Zesty.ai

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