State Farm’s venture arm invests in Cape Analytics

Jan 16, 2020 - Reinsurance News

State Farm Ventures, the venture arm of U.S. P&C insurer State Farm, has made a significant investment in Cape Analytics, a provider of AI-powered geospatial property data.

Cape Analytics is set to use the proceeds from the investment to accelerate the development of ground-breaking solutions for property insurance firms, utilising geospatial analytics and other unique sources of information.

Ryan Kottenstette, Chief Executive Officer (CEO) and co-founder of Cape Analytics, said: “...