London-based insurtech Insuredata, which provides property data to reinsurers, has raised $1m in a recent funding round. The likes of Menlo Ventures, Anthemis Group, and Plug and Play participated in the round. “It is clear that what the firm offers to the insurance industry through providing data at a level of resolution multiple times higher than currently available will be a game changer for both insurers and reinsurers.” In addition to its existing product offering, InsureData also announced that it will be working with insurance companies on blockchain technology for their own products. Insuredata also provides 3D-imaging and augmented reality services to clients.
London-based insurtech Insuredata, which provides property data to reinsurers, has raised $1m in a recent funding round. The likes of Menlo Ventures, Anthemis Group, and Plug and Play participated in the round. In addition to its existing product offering, InsureData also announced that it will be working with insurance companies on blockchain technology for their own products. Insuredata also provides 3D-imaging and augmented reality services to clients.