Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR technology.
The latest investment round was led by the European Space Agency, Big 5 Investors, InsurTech NY, and ACF Investors.
The insurtech leverages artificial intelligence (AI) and petabytes of climate data to deliver high speed nat cat modelling to insurers.
BirdsEyeView says that the capital injection follows a period of unprecedented growth since the launch of BirdsEyeView’s RAPTOR in 2022, marked by strategic partnerships with some high profile insurers and brokers, including Liberty Specialty, Arch, Convex, Ark, Everest, Fidelis, and many others.
