The terms of the funding were not disclosed.
The company plans to use the funds to expand its artificial intelligence capabilities to new imagery sources, as well as enhance its property data and analytics platform.
Led by David Lyman, Co-Founder & CEO, Betterview provides a building and property data and analytics platform to allow decision-makers to to unlock actionable insight from an abundance of drone, aerial, and satellite imagery and reduce risk, cost, and waste.
In August of 2018, the company announced the release of Property Profile, which uses aerial imagery, along with a growing number of other data sources like historical weather, to determine the characteristics and condition of a roof and the risk of future insurance claims. Over the last few months, Betterview has enhanced Property Profile by adding building permits, new AI roof detections, measurement and annotation tools, and oblique imagery.
In addition, the company recently announced its integration accelerator for Guidewire PolicyCenter™, which enables underwriters to request and access property data and inspections from within PolicyCenter.