Founded Year

2014

Stage

Series B | Alive

Total Raised

$16.36M

Last Raised

$7.5M | 2 yrs ago

About Betterview

Betterview provides predictive analytics that help insurance carriers to identify and score roof conditions and other property risks. The company analyzes manned aircraft and satellite imagery with the use of machine learning and computer vision. After, Betterview combines this data with other sources such as building permits, assessors’ data, and historical weather to determine the characteristics and condition of a roof to determine the risk of future losses.

Betterview Headquarter Location

643 7th Street

San Francisco, California, 94103,

United States

415-963-1968

ESPs containing Betterview

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

Geospatial analytics platforms combine location data with demographic information to improve claims evaluation and assessment. By reducing the need for in-person inspections, they also help lower the cost of data acquisition. Use cases include automated property damage assessments and natural catastrophe loss estimation.

Betterview named as Leader among 14 other companies, including ICEYE, Carto, and Orbital Insight.

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Betterview's Products & Differentiation

See Betterview's products and how their products differentiate from alternatives and competitors

  • Remote Property Intelligence Platform

    Our out of the box, easy-to-use platform that provides underwriters with a comprehensive, actionable view of property risk.

    Differentiation

    Platform forward, driven by action rather than raw data. 

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    Differentiation

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    Differentiation

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    Differentiation

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    Differentiation

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Expert Collections containing Betterview

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

Betterview is included in 5 Expert Collections, including Real Estate Tech.

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

3,567 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

9,093 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

7,442 items

US-based companies

I

Insurtech 50

50 items

Betterview Patents

Betterview has filed 1 patent.

The 3 most popular patent topics include:

  • CBS network shows
  • Confidence tricksters
  • Epidemiology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/27/2019

Fictional secret agents and spies, CBS network shows, Confidence tricksters, Epidemiology, MBTI types

Application

Application Date

3/27/2019

Grant Date

Title

Related Topics

Fictional secret agents and spies, CBS network shows, Confidence tricksters, Epidemiology, MBTI types

Status

Application

Latest Betterview News

Betterview to provide wildfire insights through engagement with NFPA

Aug 10, 2022

Reinsurance News Insurtech provider Betterview has teamed up with the National Fire Protection Association (NFPA) to provide property and community-level wildfire insights. NFPA is a non-profit organisation that is devoted to eliminating death, injury, property, and economic loss due to fire, electrical, and related hazards. The company is focused on helping insurers in California adhere to the state’s pending “Safer from Wildfire” legislation, as well as leveraging insights on community-based wildfire mitigation through its Firewise USA recognition program. With California and other states experiencing more devastating wildfires, the ability of insurers to acquire new data at a rapid pace will help policyholders proactively prevent damage from these wildfire events. “‘Safer from Wildfire’ will greatly impact the insurance industry in California,” says Armin Monajemi, VP of strategic partnerships at Betterview, an InsurTech provider of actionable property intelligence to property and casualty (P&C) insurance companies. “Insurers can no longer generalize wildfire risk in California, or simply charge high insurance premiums. Instead, they must consider three measures of wildfire risk: the vulnerability of the structure itself, the vulnerability of the immediate surroundings, and finally the vulnerability of the community. These more stringent regulations will encourage insurers to get a more complete picture of wildfire risk at the property and community level, to write safer, better-informed policies in the most at-risk communities.” In response to increasing wildfire risk, California’s pending “Safer from Wildfire” legislation will require insurers to implement a new rating system for underwriting properties in the state. One particular provision that is included in the “Safer from Wildfire” legislation mandates that insurers offer discounts to policyholders taking prescribed precautions against wildfire risk. In addition, the “Safer from Wildfire” legislation lays down guidelines for evaluating the vulnerability of communities and was the driving factor behind building the relationship between Betterview and NFPA. However, participation in NFPA’s Firewise USA- recognition program requires communities to meet the criteria for wildfire safety including home preparedness, creation of defensible space, and vegetative fuel modification. Recently, Betterview launched Wildfire Risk Insights, a new feature of the Betterview Property Intelligence & Risk Management Platform, to help insurers protect communities in high-risk areas where wildfires are increasing in both frequency and severity while minimizing losses. Betterview’s Wildfire Risk Insights leverages predictive analytics, computer vision, and third-party property data to show a holistic picture of wildfire risk including both regional hazard data and property-level vulnerability. This relationship between Betterview and NFPA enriches the risk insights by including the community aspect, which is a critical piece in reducing wildfire risks. Therefore, by showing the geospatial community boundaries, insurers can see which properties are in designated Firewise USA sites from within the Betterview user interface, empowering fast and efficient underwriting decisions. Michele Steinberg, Wildfire Division Director at NFPA, added: “Featuring Firewise USA in Betterview is a great way to show insurers which properties are part of an ongoing effort to reduce wildfire risk at the community level, allowing them to encourage their policyholders to continue their loss reduction activities in concert with their neighbors. Our organization’s goal is to protect homes, businesses, and communities from the threat of wildfire. By incentivizing policyholders to prepare for wildfire, and offering them discounts on coverage, California’s Safer from Wildfire goes a long way towards achieving that goal.”

Betterview Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Betterview Rank

  • When was Betterview founded?

    Betterview was founded in 2014.

  • Where is Betterview's headquarters?

    Betterview's headquarters is located at 643 7th Street, San Francisco.

  • What is Betterview's latest funding round?

    Betterview's latest funding round is Series B.

  • How much did Betterview raise?

    Betterview raised a total of $16.36M.

  • Who are the investors of Betterview?

    Investors of Betterview include Compound, Maiden Re, Chestnut Street Ventures, EMC Insurance Group, ManchesterStory Group and 21 more.

  • Who are Betterview's competitors?

    Competitors of Betterview include Descartes Labs, Zesty.ai, Ecopia, Blackshark.ai, Agritask, ICEYE, Satellogic, Carto, Planet, Windward and 43 more.

  • What products does Betterview offer?

    Betterview's products include Remote Property Intelligence Platform and 4 more.

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