Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market.
The seed extension round was led by IA Capital Group. Participation in the round included Blue Bear Capital, Gallatin Point Capital, Generation Space through Seraphim Space Investment Trust PLC, Avanta Ventures (the corporate venture arm of CSAA Insurance Group), Red Dog Capital, DNX Ventures, Robert Glanville, and Jonathan Crystal.
Delos’ platform aggregates and analyzes exposure and concentration data to quantify a home’s actual wildfire risk. It’s enabled by a geospatial AI algorithm hundreds of data layer inputs, and multi-level overlays of amount, type, and health of vegetation.
Delos was founded in San Francisco in 2017.
Topics California
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