The new financing will bolster the company’s balance sheet and support the continued expansion of its climate and property risk models, which are gaining traction across the insurance ecosystem.
The announcement comes as ZestyAI experiences rapid growth in demand for its parcel-level risk insights. In 2024, the company delivered more than 31 million property risk assessments—more than double the volume from the previous year—and is on track to exceed 46 million in 2025. The new capital will enable ZestyAI to scale operations and product offerings to meet that growing demand.
“We’ve built ZestyAI with long-term discipline and a clear mission: to help insurers navigate changing risks with confidence,” said Attila Toth, Founder and CEO of ZestyAI. “As demand for trusted, property-level risk insights continues to grow, this capital infusion enables ZestyAI to further invest in supporting this rapid growth and become the industry standard for property risk analytics.”
CIBC Innovation Banking emphasized ZestyAI’s growing role in an evolving insurance landscape. “ZestyAI is addressing a critical need in the insurance industry with its AI-powered approach to property and climate risk,” said Sean Thompson, Managing Director and California Market Manager at CIBC Innovation Banking. “We’re proud to support ZestyAI’s next phase of growth as it continues expanding its platform and deepening its impact across the insurance ecosystem.”
ZestyAI’s AI-driven models—covering wildfire, severe convective storms, and non-weather water damage—are increasingly recognized by regulators, with approvals in more than 50 regulatory filings across the U.S., including recent clearances in Texas, Colorado, Ohio, Georgia, Connecticut, Michigan, North Carolina, Louisiana, and Oklahoma. The company’s wildfire model, Z-FIRE™, recently cleared a key hurdle in California, where it was reviewed and accepted under the Pre-Application Required Information Determination (PRID) process by the state’s Department of Insurance, allowing it to be filed for underwriting and rate segmentation without further review.
The company has also expanded its customer base significantly, securing 33 new and expanded partnerships over the past year, including 26 new clients. Its platform is now in use by admitted carriers, MGAs, E&S insurers, FAIR Plans, and public-private partnerships.
By combining AI with property data and climate science, ZestyAI’s tools help insurers strengthen underwriting, optimize inspections, price risk more accurately, and extend coverage in catastrophe-prone regions. In 2024, ZestyAI enabled coverage for more than 511,000 properties previously considered uninsurable, advancing its mission to protect homeowners, businesses, and communities in the face of growing climate risk.
