GEOX Raises $19M in Series A Funding to Advance AI-Powered Real Estate Risk Analysis
GEOX leverages AI to help the insurance and real estate industries better understand and mitigate risks related to climate disasters through advanced 3D property analysis.
Company Name: GEOX
Location: Tel Aviv, Israel
Sector: AI, Real Estate Risk Analysis
Funding Details: Raised $19M in Series A funding, led by Flashpoint Venture Capital with participation from Suretech Partnership, Ariel Maislos, and Noam Lanir. This brings the total investment to $23M since its founding.
Purpose of Investment: The funds will be used to further develop GEOX's AI-powered platform for analyzing real estate risks from climate-related disasters and to expand its operations globally.
Product and Innovation: Founded in 2018 by CEO Itzik Lavi, CTO Eli Lavi, and Guy Attar, GEOX provides a platform that uses artificial intelligence to conduct 3D analysis of aerial imagery. The system offers automated and highly accurate assessments of real estate properties, predicting potential damage from natural disasters such as hurricanes, floods, and wildfires. The platform delivers comprehensive, data-rich insights that include critical property details such as location, roof size, type, condition, and slope.
Recent Developments: GEOX's technology is used by leading global insurance companies, including MunichRe and Sompo, to streamline underwriting processes and improve risk assessments.
About the Company: GEOX leverages AI to help the insurance and real estate industries better understand and mitigate risks related to climate disasters through advanced 3D property analysis. Its solutions are transforming how companies assess property vulnerabilities and streamline insurance workflows.