– Utilises advanced mapping technologies and aerial remote sensing to create sophisticated algorithms for the risk of flooding.
– B2C and B2B product
– Policies are currently backed by Lloyd’s of London, Markel and AXA

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.