Cape Analytics, Geospatial Imagery and Machine Learning For Property Analytics, Raises M …
Cape Analytics, a new company that leverages geospatial imagery, computer vision, and machine learning to generate property data, announced today it has raised $14 million in funding from leading technology investors. The round was led by Formation 8, and other investors include Data Collective, XL Innovate, Lux Capital, Khosla Ventures, Promus Ventures, and Montage Ventures. The funding will allow Cape Analytics to expand its world-class engineering and sales teams as it brings its proprietary data to more regions and customers around the United States. As part of this financing, Formation 8’s Shirish Sathaye has joined the company’s board of directors. Cape Analytics is initially focused on enabling insurance carriers to deliver faster and more accurate quotes. Insurers want to provide quick, accurate, and hassle-free quotes to customers but, traditionally, quotes have…
Link to Full Article: Cape Analytics, Geospatial Imagery and Machine Learning For Property Analytics, Raises M …
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