Property AI insurtech Tensorflight closes new funding led by QBE Ventures
Tensorflight, a fast-growing artificial intelligence and imaging-based insurtech, has completed a new round of funding led by QBE Ventures and which includes new investors Tareyton Venture Partners and ff Venture Capital Poland.
Participating prior investors include ff Venture Capital and HSCM Bermuda.
Tensorflight combines satellite, aerial and street level imagery understanding technology, with a proprietary Artificial Intelligence engine to automate commercial property inspections.
Founded by ex-Googlers Zbigniew Wojna, PhD and Robert Kozikowski, Tensorflight’s team includes technical expertise from tech leaders such as Google, Facebook, Nvidia and DeepMind.
“We could not be more excited to welcome QBE Ventures and others to our already strong investor base,” said Zbigniew Wojna, Co-Founder of Tensorflight. “Their combined strategic insight and industry experience will be an invaluable asset going forward. Their confidence in our value proposition and global growth strategy to date is an important moment in Tensorflight’s growth trajectory.
“The vision for our business is to use accurate data to become the leader in the management of property intelligence. The value we deliver to customers across the property and casualty insurance industry is enormous, and will continue to increase as new features are rolled out and our global footprint expands. We plan to significantly grow sales efforts across the USA and globally. From our current base of multiple S&P 500 clients, including a number of top global commercial insurers such as Zurich Insurance, there is a massive opportunity to scale up in the next two years.”
Mark Budd, Head of Innovation, UK, Zurich Insurance Group, added: “Construction type and associated property information has a crucial impact on our portfolios, we’re excited about the opportunities we’ve uncovered by working with Tensorflight.”
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