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Honeycomb

honeycombinsurance.com

Founded Year

2019

Stage

Series A | Alive

Total Raised

$18.7M

Last Raised

$15.4M | 1 yr ago

About Honeycomb

Honeycomb is a reinsurance-backed MGA providing simple, fair, and affordable multi-family property insurance through its end-to-end digital platform. Honeycomb leverages user-generated proprietary data, advanced AI, and computer vision to automate a manual, inaccurate, and costly underwriting process. Honeycomb improves the customer experience and provides tailored coverage at a competitive price point and at improved profit margins through its real-time rate/quote/bind offering and its data-driven “right-pricing” advantage.

Headquarters Location

1390 Market St. Suite 200

San Francisco, California, 94102,

United States

877-415-8901

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Expert Collections containing Honeycomb

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Honeycomb is included in 6 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

I

Insurtech

2,310 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

F

Fintech

7,746 items

US-based companies

S

Smart Cities

1,146 items

Latest Honeycomb News

“AI technology is only as good as the brain behind it”

Nov 30, 2022

"AI helps us give the right price and evaluate risk properly using third party sources such as tenants, board members, etc," explained Nimrod Sadot, Co-Founder and CTO of Honeycomb Insurance Noa Gadot (Sinai David) "Our AI technology helps scale the underwriter group," said Nimrod Sadot, Co-Founder and CTO at Honeycomb Insurance, speaking to CTech at Calcalist's Tech TLV conference. "It helps us give the right price and evaluate risk properly using third party sources such as tenants, board members, etc." Referring to insurance specialization versus their competition, Sadot said: "Our buildings have high premiums and you need to be specialized in the area. You need good technology as anything done in AI is only as good as the brain behind it.” Honeycomb insurance leverages artificial Intelligence and computer-vision in selling insurance in the U.S., insuring over $4 billion in assets. Related articles:

Honeycomb Frequently Asked Questions (FAQ)

  • When was Honeycomb founded?

    Honeycomb was founded in 2019.

  • Where is Honeycomb's headquarters?

    Honeycomb's headquarters is located at 1390 Market St., San Francisco.

  • What is Honeycomb's latest funding round?

    Honeycomb's latest funding round is Series A.

  • How much did Honeycomb raise?

    Honeycomb raised a total of $18.7M.

  • Who are the investors of Honeycomb?

    Investors of Honeycomb include The Phoenix, IT-Farm Corporation, Ibex Investors, Sure Ventures, Distributed Ventures and 5 more.

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