InsureVision raises $2.7 million

InsureVision has raised $2.7 million in a seed funding round led by Rethink Ventures, Twin Path Ventures, and State Farm Ventures .

The company is developing AI-powered contextual driving risk assessment through its proprietary “enviromatics” technology, which analyzes video footage to provide a more accurate understanding of driving environments.

Unlike traditional telematics or first-generation AI dashcams, InsureVision’s platform recognizes not just objects but also the intentions of other road users, enabling more precise risk evaluation.

InsureVision says trials are already underway in the US and Japan, with results expected later this year.