Honeycomb provides a platform that offers insurance for landlords, homeowners, and condominium owners associations. The company replaces physical inspections with alternative approaches such as satellite imagery, computer vision, artificial intelligence, and machine learning.
As of April 2024, the company operated in 16 states including Illinois, Arizona, Michigan, Wisconsin, Ohio, Pennsylvania, Connecticut, and Virginia.
Funding and financials
In May 2024, the company raised USD 36 million in Series B funding led by Zeev Ventures. It planned to use the funds to double its workforce, improve the end-user experience, and introduce a new range of insurance services.
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