InsurTech startup ZestyAI raises $15M to scale its AI-powered risk analytics platform
Summary
ZestyAI raised a $15 million credit facility from CIBC Innovation Banking to support the expansion of its AI-powered property and climate risk analytics platform. The company uses property data, AI, and climate science to help insurers improve pricing, inspections, and underwriting decisions. It reported rapid growth in customer partnerships, product launches, and regulatory approvals across multiple U.S. states. ZestyAI also said insurers will soon be able to file its wildfire model in California under the PRID process without additional review.
Funding
Amount
$15.0M
Total raised
Date
June 25, 2025
Announcement date
Investors
-
Lead investors
Company
https://zesty.ai
Funded company
Classifications
industries
InsurTech
applications
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AskAI Classifications
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