Swyfft builds an algorithm-driven home insurance platform that leverages big data, machine learning, 3D modeling and LiDAR to produce rapid, precise quotes. Its web app lets users enter an address and receive a quote in less than five seconds, and policies can be quoted, adjusted, bound, issued and emailed in under a minute. The company's multi-patented AI-driven technology analyzes millions of data points — including fires, tornados and wind patterns — and founders estimate roughly 50% of policies save customers money. Swyfft positions itself against incumbents by emphasizing faster responses and more accurate risk assessment. The company plans to use the funding to improve forecasting precision and expand into additional states in 2017.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2017