Fintech company Brex provided the financing.
The company intends to use the funds grow in insurance and expand into use cases in real estate including financing and asset management.
Led by Attila Toth, Founder & CEO, Zesty.ai uses AI to deliver real-time assessments of climate risks associated with real estate assets and portfolios. The company’s technology considers a wide range of climate risks, including wildfires, wind and hail storms, floods and other catastrophic events, to help insurance companies underwrite and rate homeowners and commercial lines policies. Zesty.ai counts leading insurance companies such as Amica, AON, Berkshire Hathaway, The California Fair Plan, Cincinnati Financial, Farmers Insurance, and more among its partners.