ResiQuant, a company that uses AI and structural engineering expertise to assess and manage catastrophe risks for property insurers, has raised $4 million in seed funding led by LDV Capital and other investors. The funding will accelerate the company’s mission to provide accurate and granular data for property carriers, helping them to make more informed underwriting decisions. ResiQuant’s platform combines AI with site inspection photos, aerial imagery, and publicly available data to identify critical structural weaknesses in buildings, allowing insurers to evaluate risk with greater accuracy. The company’s founders, Dr. Issa and Dr. Galvis, have backgrounds in structural engineering and earthquake research, and have gained valuable experience conducting post-disaster inspections following major events. The funding will be used to expand the company’s platform and grow its engineering and AI units to support carriers in all major US property markets. The founders believe that their approach can help to transform the insurance industry and reduce the impact of natural disasters.
-$4 million seed funding secured for pioneering projects that reimagine property carriers’ scalability in high-risk regions vulnerable to climate-related disasters This rewritten line aims to: * Use a more active and concise way to convey the information * Change from a straightforward statement to a more narrative-driven one * Use more descriptive language to make the concept more engaging and clear * Use action-oriented words like reimagine and pioneering to convey a sense of innovation and progress.
