InsureVision, a London, UK-based company which specializes in AI-powered contextual driving risk assessment, raised $2.7M in Seed funding.
The round was led by Rethink Ventures, Twin Path Ventures and State Farm Ventures.
The company intends to use the funds to accelerate its technology development and market expansion, with trials currently underway with insurance companies across the US and scheduled for Japan.
Led by CEO Mark Miller, InsureVision transforms vehicle risk assessment through AI-powered enviromatics technology. By analyzing real-time camera footage with contextual understanding, it helps insurance companies, fleet operators, and automotive manufacturers ensure safer roads while reducing costs.
Focused now on contextual driving risk assessment, the platform applications span multiple industries:
- Insurance: Enables better underwriting, reduced claims, and competitive customer pricing through comprehensive risk assessment
- Fleet Operators: Provides real-time risk monitoring and driver safety insights for vehicle leasing companies
- Automotive: Offers a software-based solution for upcoming Automatic Emergency Braking legislation, particularly relevant for software-defined vehicles (SDVs)
FinSMEs
10/03/2025