– Uses satellite imagery and AI to help homeowners in wildfire areas get insurance
– Have a pipeline of data sets which include ecological, topological, climatic, and ignition-based factors, plus spatial AI tech, which they use to create predictive risk maps
– High-resolution view provides customized (yet automated) home hardening suggestions for homeowners to protect against total loss.
– MGA focused on Cali, policies from Canopius
Novee AI Raises £1.6M to Build Intelligence Layer for Commercial and Specialty Underwriting
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.
