Betterview, a San Francisco, CA-based provider of a machine learning platform that generates building data and analytics, received an investment from insurance and financial services organization Nationwide.
The amount of the deal was not disclosed.
The company intends to use the funds to extend its machine learning platform across additional data sources to release valuable insight about commercial and residential properties for P&C insurers and reinsurers.
Betterview provides a machine learning platform that generates data and analytics on building and property conditions, characteristics, and potential hazards by analyzing satellite, aerial, and drone imagery.
This information can be used throughout an organization, from loss control and underwriting, to claims and catastrophe response.
Nationwide is making the venture capital investment to enhance its ability to write business and service claims leveraging artificial intelligence (AI) and drone technology.