TensorFlight, a Mountain View, CA-based provider of actionable insights from aerial imagery, closed a seed round of funding of undisclosed amount.
The round was led by Hemi Ventures (with Amy Gu from Hemi joining the TensorFlight’s board of directors) with participation from Boost VC.
The company intends to use the new funds to scale computer vision algorithms to cover properties globally and build the sales team to serve insurance customers.
Led by Robert Kozikowski, CEO, and Zbigniew Wojna, CTO, Tensorflight is looking to innovate how insures obtain important data about property by providing technology that automatically analyzes satellite, aerial, drone and street view imagery in order to automate slow and expensive manual in-person building inspections. Algorithms can automatically analyze global imagery captured by satellites, drones, and street view cameras, and quantify factors used in actuarial models such as the state of the building, roof shape, trees, building degradation and damages, solar panels and windows or activity around the property.
The company currently has 10 employees working in offices in Mountain View and in Poland.
Clients include four leading P&C insurers and reinsurers.