CompScience, a San Francisco, CA-based active commercial P&C insurance company, raised $27.6M in Series B funding.
The round was led by Sands Capital. Other investors included Four More Capital, Working Capital, and Valor Equity Partners.
The company intends to use the funds to accelerate product innovation, scale operations, and expand its market reach.
Led by CEO and Founder Josh Butler, CompScience provides a visual AI platform that identifies risks and predicts incidents before they become claims, strengthening client relationships and creating safer workplaces. Beyond protecting employees and businesses, CompScience also empowers brokers with AI-powered risk mitigation tools, enabling them to proactively address workplace hazards, reduce claims, and lower costs. By integrating with existing camera systems, it eliminates the need for equipment and physical inspections, making AI-driven safety solutions more accessible to businesses. It also enables workers to avoid preventable injuries, helps brokers strengthen client relationships and credibility, and allows businesses to turn risk management into a competitive advantage.
FinSMEs
28/02/2025