Yembo Raises $8.5M in Series A Financing
Summary
In conjunction with the funding, Imagen Capital Partners General Partners Chris Barrow and John Polchin (both former EagleView Technology executives) will join Yembo’s Board of Directors, serving alongside continuing director Steven R. Altman, former President and Vice Chairman of Qualcomm. The company will use the proceeds to further advance its efforts towards the moving and relocation sector, while also developing and leveraging current technology to support the insurance industry with specific focus towards interior claims processing and underwriting applications. Founded in 2016 by Siddharth (Sid) Mohan and Zach Rattner, Yembo is an Artificial Intelligence (AI) enabled visual survey company that combines advanced deep learning, 3D computer vision, robotic algorithms with a scalable architecture. The platform utilizes machine learning and predictive modeling to improve the surveying process by accurately defining rooms, furniture, appliances, structures and other relevant content, as well as their volume and dimensions. At the heart of Yembo’s patented technology are robotic algorithms – delivering web-based, ISO 27001 compliant offerings, which provide instantaneous video processing with AI at enterprise scale.