Arturo Announces Spin-out from American Family
Arturo , an AI and deep-learning property analytics startup, has announced the close of Seed Series Transaction, with lead investor and Arturo co-developer American Family.
Following the close of the transaction, Madison-based American Family will remain a customer as well as an investor in Arturo.
Arturo grew out of investment and more than three years of research by American Family on the application of artificial intelligence (AI) and deep learning to satellite, aerial, drone, and ground-level imagery to accurately assess physical property characteristics for residential and commercial properties.
Arturo’s AI-powered analytics generate detailed property information often in under five seconds. It enables a variety of businesses that insure, lend, invest, or manage residential or commercial properties to make more informed decisions and better manage risk with the most up to date information available.
“Building an AI analytics company directly inside your ideal customer and immediately next to the highest value problems that can generate significant value is the dream for any CEO. We’re incredibly excited to share with the industry what our fantastic team has been working on with our stealth-mode customers and the real value Arturo is enabling.” – Arturo CEO, John-Isaac Clark.