Zesty.ai

Overview
Activities
News
Climate Risk Analytics?
InsurTech: Infrastructure?
Product stageSegments
Early
?
Long-term climate risk analytics: AI/ML, Climate risk rating
?

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 partnerships

The company’s state-of-the-art R&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 Coterie Insurance , to provide property risk insights for commercial insurance underwriting across the US. In September 2023, Zesty.ai integrated the Insurance Institute for Business & Home Safety's (IBHS) FORTIFIED construction standard into its Z-PROPERTY predictive property and climate risk platform. In November 2023, the company partnered with Cytora, a UK-based insurance company, and in April 2024, Florida Peninsula Insurance, a provider of homeowners insurance, to provide property risk analytics.

Funding and financials

Zesty.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.


HQ location:
548 Market St Suite 75392 San Francisco CA USA
Founded year:
2015
Employees:
51-100
IPO status:
Private
Total funding:
USD 56.0 mn
Last Funding:
USD 33.0 mn (Series B; Jul 2022)
Last valuation:
-
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