Tensorflight Raises Series A Funding

Tensorflight, a NYC-based artificial intelligence and imaging-based insurtech company, raised a funding round of undisclosed amount.

The round was led by QBE Ventures and includes new investors Tareyton Venture Partners and ff Venture Capital Poland. Participating prior investors include ff Venture Capital and HSCM Bermuda.

The company intends to use the funds to accelerate market penetration and product optimization across the property insurance data analytics market.

Founded by ex-Googlers Zbigniew Wojna, PhD and Robert Kozikowski, Tensorflight offers innovative technology for the property insurance industry that enables material efficiencies across multiple insurance functions, including brokers, underwriting, loss control and claims. The company combines satellite, aerial and street level imagery understanding technology with a proprietary Artificial Intelligence engine to automate commercial property inspections. The benefits it delivers across the global insurance industry include:

  • Reduction of premium leakage
  • Instant, automated insurance policy quotes
  • Reduction of in-person property inspection costs
  • Order of magnitude increase of claim teams efficiency

The company also has has offices in London and Warsaw.