Hometap, a startup that offers people a way to borrow against the equity in their homes without taking out loans, has raised $60 million in new funding. American Family Ventures led the investment, which brings Hometap’s total operating capital raised since its 2017 inception to $95 million. New and existing backers, including Bain Capital, Iconiq […]
Bain Capital and American Family Ventures were among the investors in this funding round for the company, which has more than doubled its staff in the past 12 months.
Smart-home device maker Wyze raises $110M as it plans to inject AI heavily into camera products
July 30, 2021 at 5:05 pm
The Wyze Cam Outdoor from Wyze Labs. (Wyze Photo)
Smart-home device maker Wyze Labs has raised $110 million in new funding, GeekWire learned on Friday, boosting the Kirkland, Wash.-based company’s plans to improve its existing line of products and launch even more.
Wyze has launched more than 30 products, including everything from security cameras to robot vacuums to thermostats, and many of those products came during a flurry of activity over the past year or so.
“We are doubling down and investing heavily to build world-class artificial intelligence into our camera products,” Wyze co-founder and Chief Marketing Officer Dave Crosby told GeekWire. “Just in the last year, our AI team has built person detection, vehicle detection, package detection and pet detection into our cameras.
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This infusion of additional capital allows Gradient to expand its product offerings, accelerate its customer acquisition plans, and expand its Board of Directors with the addition of Kyle Beatty, Managing Director at American Family Ventures. Kyle brings deep domain and investing expertise in insurtech, data analytics, and enterprise software platforms, including prior leadership and product positions at Verisk Analytics, Willis Towers Watson, and Risk Management Solutions.
Gradient’s artificial intelligence solutions help commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with several economic, health, and litigation datasets. This robust aggregation of data provides out-of-the-box claims and u
2 hours ago
Funding to Meet Demand and Drive Further Growth of Its Artificial Intelligence and Machine Learning Solutions
BOSTON–(BUSINESS WIRE)–Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance technology space, announced today that it has raised $20.0 million in a Series B financing led by American Family Ventures with participation from principals from Stone Point Capital, and BSC Capital as well as existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.
This infusion of additional capital allows Gradient to expand its product offerings, accelerate its customer acquisition plans, and expand its Board of Directors with the addition of Kyle Beatty, Managing Director at American Family Ventures. Kyle brings deep domain and investing expertise in insurtech, data analytics, and enterprise software platforms, including prior leadership and product positions at