GeoX Raises $19M to Expand AI-Powered Real Estate Risk Analysis Platform
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Israeli startup GeoX, specializing in AI-driven real estate risk analysis, has secured $19 million in Series A funding, raising its total investment to $23 million since its inception. Led by Flashpoint Venture Capital, the round saw participation from Suretech Partnership and notable investors Ariel Maislos and Noam Lanir.
Founded in 2018 by CEO Itzik Lavi, CTO Eli Lavi, and Guy Attar, GeoX employs artificial intelligence to deliver highly accurate assessments of properties through 3D aerial image analysis. This cutting-edge technology helps predict potential damage from natural disasters like hurricanes, floods, and wildfires.
By providing detailed insights, insurers can better customize premium rates according to a property's unique risk profile, benefiting both insurers and property owners.
Source: CTech
GeoX
GeoX experts use machine vision and deep learning technology to automate fast and accurate extraction of 3D objects from aerial imagery and create worldwide property databases. This property data is for Insurance companies to study property features, get current property intelligence, effectively process claims, streamline underwriting, and evaluate risks resulting in significant cost reductions and lost revenue capturing.
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