Betterview is a Property Intelligence & Risk Management Platform for P&C insurers based in San Francisco that identifies and helps mitigate real property risk while improving inspection and operational efficiency. The company offers specialized risk insights for event-specific perils and a CAT-Response System to enable rapid, proactive responses to severe weather. Betterview plans to use the new funds to continue growth, support its path to profitability in 2023, and deliver new and enhanced products and features. In 2022 the company grew to 68 active insurers on its platform and nearly doubled revenue despite a difficult macroeconomic environment. Betterview has expanded strategic partnerships with geospatial and property intelligence providers, growing its PartnerHub to 37 companies, including HazardHub (from Guidewire), e2Value, Canopy Weather, Redzone, Iceye and JMI Reports. The company is led by co-founders David Lyman (CEO) and David Tobias (COO). Betterview provides a Remote Property Intelligence software platform for property and casualty (P&C) insurance carriers to identify and manage property risk throughout the policy lifecycle. Led by Co-Founder and CEO David Lyman, the platform is used by underwriters, loss-control specialists, and claims staff during policy inception and renewal to obtain a comprehensive understanding of individual properties. The company launched its Remote Property Intelligence platform less than two years ago and is supporting twenty companies in production. Betterview is based in San Francisco, California. The company raised $7.5m in the latest funding round, bringing total capital raised to $17m. It will use the funds to expand its capabilities in the Remote Property Intelligence space. Betterview provides an AI-driven risk management platform that delivers data, analysis and insights on commercial and residential properties across the United States. The platform leverages machine learning, computer vision and geospatial data and exposes property data via API and a user interface. Betterview’s risk scoring has been shown to correlate with property losses, enabling carriers to disqualify, fast-track, or better manage properties. The company began in 2014 as a drone-based property inspection platform and service and launched its current risk management platform in July 2018. Betterview plans to use the new funding to grow its team. To date the company has raised $10M in total financing. Betterview offers a property and building data and analytics platform that analyzes drone, aerial, and satellite imagery to surface actionable insights for risk reduction and cost savings. The company’s Product Profile (announced August 2018) uses aerial imagery plus other data sources such as historical weather to determine roof characteristics, condition, and the risk of future insurance claims. In recent months Betterview added building permits, new AI roof detections, measurement and annotation tools, and oblique imagery to enhance Property Profile. The company also launched an integration accelerator for Guidewire PolicyCenter to enable underwriters to request and access property data and inspections from within PolicyCenter. Betterview is led by Co‑Founder & CEO David Lyman and is based in San Francisco, California. The firm recently received external funding to support further product development and AI expansion. Betterview provides a machine learning platform that generates data and analytics on building and property conditions, characteristics, and potential hazards by analyzing satellite, aerial, and drone imagery. The platform produces building and property information that can be used across organizations, including loss control, underwriting, claims, and catastrophe response. The company intends to use the newly received funds to extend its machine learning platform across additional data sources and release insights about commercial and residential properties for P&C insurers and reinsurers. Nationwide made a venture capital investment in Betterview to enhance its ability to write business and service claims leveraging AI and drone technology. The article does not disclose revenue, users, or the investment amount.

Total raised

$16M

Funding rounds

7

Latest round

Equity

Latest activity

Jun 2020