Flyreel, a Denver, CO-based Artificial Intelligence (AI) solution for property insurance, raised $3.85M in funding.
The round was led by Gradient Ventures, Google’s AI-focused venture fund, with participation from State Auto Labs Fund, and Donan, a nationwide forensic investigation firm.
The company intends to use the funds to service new and existing demand from its customers while expanding team and accelerating the development of its patent-pending technology.
Led by CEO Cole Winans and COO Laurie Kuhn, Flyreel equips property insurance carriers with an AI assistant that captures and analyzes ground-level data. The AI guides policyholders through their own property inspections using the camera on their mobile device and powerful, insurance-specific computer vision.
As users pan their mobile phone across a property’s interior and exterior, the company’s proprietary computer vision technology automatically documents property data, features, contents, and policy-worthy details.
For carriers, this enables personalized self-inspections at scale, real-time data intelligence, and comprehensive baseline records of properties to inform decisions across the value chain.