InsureVision, a London, UK-based company specializing in AI-powered contextual driving risk assessment, has raised $2.7 million in seed funding.
Investors
Rethink Ventures, Twin Path Ventures, and State Farm Ventures led the round.
Rethink Ventures is a venture capital firm focused on investing in innovative technologies that aim to transform industries and improve societal outcomes.
Twin Path Ventures invests in early-stage companies with groundbreaking technologies, particularly in sectors like insurance technology (insurtech), where they seek to drive significant improvements and innovations.
State Farm Ventures is the venture capital arm of State Farm, one of the largest vehicle insurers. It invests in emerging technologies that have the potential to enhance road safety and transform the insurance industry.
InsureVision Use of Funds
The investment will support the continued development of InsureVision’s AI-powered technology and help accelerate its market expansion, with trials already underway with major insurance companies in the US and Japan.
About InsureVision
Founded in 2023 by Mark Miller, InsureVision is a technology company focused on transforming vehicle risk assessment through AI-powered enviromatics technology. By analyzing real-time footage from standard forward-facing cameras, the platform provides a comprehensive understanding of driving risk through contextual awareness of the driving environment and the intentions of other road users. Its platform helps insurers with accurate underwriting and pricing, supports fleet operators with real-time risk monitoring, and offers automotive solutions for upcoming Automatic Emergency Braking regulations, especially for software-defined vehicles. InsureVision serves multiple industries, including insurance, fleet operators, and automotive manufacturers.
Funding Details
Company: Advanced Automobile Solutions Ltd
Raised: $2.7M
Round: Seed
Funding Date: March 12, 2025
Lead Investor: Rethink Ventures, Twin Path Ventures, State Farm Ventures
Additional Investors:
Company Website: https://insurevision.ai/
Software Category: AI Risk Assessment
Source: Tom Lawrence - MVPR