Honeycomb uses an AI-driven platform that ingests hundreds of data points—geospatial datasets, aerial imagery, and building history—to price multi-unit residential risks without physical inspections. Its underwriting approach allows the company to offer premiums it says can be up to 40% cheaper for well-maintained buildings compared with traditional carriers. Customers include landlords, condo associations, and HOA boards managing multifamily housing. Honeycomb was co-founded in 2019 by CEO Itai Ben-Zaken and CTO Nimrod Sadot. The company reported it was cash-flow positive and profitable, ending 2025 with $275 million in gross written premium and more than $100 billion in total insured value across 22 states. Management projects crossing $500 million in GWP in the next couple of years as it scales the business.

Total raised

$91M

Funding rounds

3

Latest round

Series C

Latest activity

Jun 2026