April 07, 2020

Arturo Secures $8 Million in Series A Funding to Advance ML and AI in the Insurance Market

CHICAGO & SAN FRANCISCO–(BUSINESS WIRE)–Arturo, the AI-powered analytics provider of residential and commercial property characteristic data and predictive analysis announced today that it has reached its Series A goal of $8 million. The effort was led by Crosslink Capital, a leading early-stage venture capital firm based in San Francisco. The funding also includes a generous contribution from IAG Firemark Ventures, the venture capital fund for IAG,Australia’s largest general insurer.

After more than three years as a research and development component of American Family Insurance, in 2018 Arturo was spun out of American Family Insurance to embark on a solo journey. The company has the ability to provide structured data observations and predictions for commercial and residential properties using satellite, aerial, drone and ground-level imagery. Since launch as a standalone company, Arturo has been recognized by leading insurance carriers as possessing the best deep-learning models that can deliver property data to its customers instantaneously and has been steadily gaining clients and recognition across the industry. Read rest here.