About Cape Analytics
Cape analytics revolutionizes the information about the built environment created and consumed. The company enables insurers and other property stakeholders to access valuable property attributes at the time of underwriting with the accuracy and detail traditionally required for an on-site inspection. It was founded in 2014 and is based in Palo Alto, California.
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ESPs containing Cape Analytics
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The geospatial analytics market involves the use of technology to analyze and interpret data related to geographic locations. This includes satellite imagery, aerial photography, and other geographic information system (GIS) data. The market offers solutions for a variety of industries, including insurance, agriculture, oil & gas, mining, and supply chain management. Geospatial analytics can provi…
Cape Analytics's Products & Differentiators
Home Insurance Property Intelligence
Delivers critical property understanding needed by personal lines carriers for new business rating, quoting, underwriting, and renewals via real-time API. Features 60+ AI-derived property characteristics including Roof Condition Rating (RCR), the gold standard score for carriers in a category created by CAPE Analytics. RCR is highly predictive of insurance claims, replacing inferior methods of assessing roof condition. Carriers streamline customer experience with rapid quoting and underwriting and improve loss ratios. This property intelligence is used by over 70 major US insurance carriers.
Research containing Cape Analytics
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cape Analytics in 5 CB Insights research briefs, most recently on Jun 8, 2023.
Expert Collections containing Cape Analytics
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cape Analytics is included in 7 Expert Collections, including AI 100.
Winners of CB Insights' annual AI 100, a list of the 100 most promising AI startups in the world.
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
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Cape Analytics Patents
Cape Analytics has filed 27 patents.
Change detection, Cerebellum, Molecular biology techniques, Data mining, Remote sensing
Change detection, Cerebellum, Molecular biology techniques, Data mining, Remote sensing
Latest Cape Analytics News
Nov 14, 2023
Investing in readiness to meet pending foreign government awards DENVER, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced third quarter results. For the period ending September 30, 2023, the Company reported revenue of $1.5 million, compared with $1.2 million for the third quarter of 2022 and $1.5 million in the second quarter of 2023. Intermap recognized a 35% increase in subscription-based revenue year-over-year for the third quarter, driven by the expansion of its European insurance segment and growth in insurance software license values. Value-added data increased to $0.4 million in the third quarter of 2023, compared with $0.3 million in 2022. Due to timing effects, there was no government revenue recognized during the third quarter of 2023. Intermap recognized a 46% increase in subscription revenue year-over-year. Software and solutions increased to $3.4 million for the first nine months, compared with $2.4 million in the same period in 2022. The Company remains focused on providing the world’s best geospatial data in exploitation formats that fit growing commercial and government applications. The Company believes this model of building and selling useful points through data-as-a-service ensures that the best quality and currency of geospatial intelligence is available cost effectively to the broadest number of potential users. In the last year, customers using Intermap’s tailored analytics called over 20 million data points characterizing peril risk to help them optimize their risk assessment and pricing. Notably, in the U.S., Intermap’s InsitePro customers displayed remarkable performance following Tropical Storm Hilary, with some large California underwriters reporting no claims at all. Reflecting the Company’s positive operating leverage, loss for the third quarter improved to $(0.8) million, compared with $(1.9) million in 2022. Operating loss for the nine months ended September 30, 2023, improved to $(2.6) million, compared with $(3.8) million in 2022. Adjusted EBITDA for the quarter was $(0.9) million, compared with $(1.6) million in 2022. The improvement in Adjusted EBITDA is primarily attributable to a greater mix of highly scalable, as-a-service revenue and decreased net loss for both periods. Since the end of the quarter, cash on the balance sheet has risen from $265 thousand to $332 thousand. In the third quarter, Intermap won significant contracts across various markets. These include: 3D data exploitation agreement for space infrastructure with the leading private commercial space operator New partnership with CAPE Analytics for property intelligence analytics Contract with USGS to support NASA’s moon landing simulations in preparation for the planned moon landing in 2024 Multiple InsitePro® subscription upsells and early renewals with major insurance clients Letter of intent with the Slovak Insurance Association to provide major Slovak insurers with a comprehensive flood risk solution Contract to support a critical flood modeling project in Togo Data contract for mining exploration in Ecuador Intermap’s insurance revenue continued to grow during the quarter with a major client renewing its subscription to InsitePro and another key customer increasing its multiyear subscription value by 36% to accommodate higher usage of the data and software. “Intermap is focused on prioritizing high-value opportunities for as-a-service revenue as well as successful execution of pending government contracts, which will drive revenue gains into the fourth quarter,” said Patrick A. Blott, Intermap Chairman and CEO. “Our commercial business continues to grow, particularly within our global insurance segment. We are anticipating an expansion of government programs as traditional funding priorities unfold following COVID.” The Company’s consolidated financial statements for the quarter ended September 30, 2023, are available on SEDAR+ at www.sedarplus.ca . To learn more about Intermap, visit intermap.com/investors . Intermap Reader Advisory Certain information provided in this news release, including reference to revenue growth, growth and continuation of government contracts, pending government contracts and commercial opportunities, and closing of the second tranche of the Private Placement, constitutes forward-looking statements. The words “anticipate”, "expect", “project”, “estimate”, “forecast”, “continue”, “focus”, “will”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. About Intermap Technologies Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com or contact: Jennifer Bakken
Cape Analytics Frequently Asked Questions (FAQ)
When was Cape Analytics founded?
Cape Analytics was founded in 2014.
Where is Cape Analytics's headquarters?
Cape Analytics's headquarters is located at 411 High Street, Palo Alto.
What is Cape Analytics's latest funding round?
Cape Analytics's latest funding round is Series C.
How much did Cape Analytics raise?
Cape Analytics raised a total of $75M.
Who are the investors of Cape Analytics?
Investors of Cape Analytics include Formation 8, State Farm Ventures, State Auto Labs, The Hartford, The Cincinnati Insurance Companies and 17 more.
Who are Cape Analytics's competitors?
Competitors of Cape Analytics include Arturo, CrowdAI, Betterview, Pupil, Descartes Labs and 7 more.
What products does Cape Analytics offer?
Cape Analytics's products include Home Insurance Property Intelligence and 4 more.
Who are Cape Analytics's customers?
Customers of Cape Analytics include The Hartford and Hippo.
Compare Cape Analytics to Competitors
Betterview offers a property intelligence and risk management platform. The company provides monitoring, property issues detection, automation flags, and other features. It also delivers wildfire, hurricane, and hail risk insights and a catastrophic (CAT) response system. The company was founded in 2014 and is based in San Francisco, California.
Zesty AI provides an artificial intelligence-enabled building analytics platform. The company provides consumers with a digital purchasing experience and manages home inspections. It was formerly known as PowerScout. The company was founded in 2015 and is based in San Francisco, California.
Descartes Labs is a technology company focused on the analysis of geospatial data. The company offers services that enable the analysis of earth observation data at scale, providing insights into commodity sourcing and forecasting, resource exploration, and climate resilience. Its primary sectors include the mining industry, consumer goods sector, climate solutions, and government. It was founded in 2014 and is based in Santa Fe, New Mexico.
CoreLogic provides property information, analytics, and data-enabled services. The company combines public, contributory, and proprietary data to develop predictive decision analytics and provide business services that bring insight and transparency to the markets. It serves markets including real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic was formerly known as The First American Corporation. It was founded in 1997 and is based in Irvine, California.
SpaceKnow is a company that focuses on transforming space data into actionable intelligence, operating within the technology and space data analysis industry. The company offers services that involve the processing of data from multiple space-based sensors to provide independent and near real-time insights. These insights are primarily used in sectors such as economics, energy and commodities, defense and intelligence, environment and ESG, and construction and real estate. It was founded in 2013 and is based in San Francisco, California.
Arturo is an artificial intelligence-powered property analytics company. It delivers structured data observations and predictions for residential and commercial properties for use in the property and casualty insurance, reinsurance, lending, and securities markets. Arturo was formerly known as Deep Image Analytics. It was founded in 2018 and is based in Denver, Colorado.