San Francisco AI startup Zesty.ai secured a Series A financing round of $13 million led by Luxembourg-based private investment fund Blamar. Plug & Play Ventures and existing investors also participated in the round.
Zesty.ai’s goal is to harnesses the power of artificial intelligence to help property and casualty insurance carriers, reinsurers, managing general agents, and Insurtechs better assess risk. The company uses satellite and aerial imagery combined with structured data sources to remotely capture data points on buildings and their surroundings, as well as machine learning to model multi-peril catastrophic loss events (e.g., hurricane, wildfire, and flood) at the property level.