Yembo raises $8.5 million

San Diego-based AI visual survey company Yembo has raised $8.5 million in a Series A round of financing led by Imagen Capital Partners.

Founded in 2016, Yembo’s platform utilizes machine learning and predictive modeling to define rooms, furniture, appliances, structures and other relevant content, as well as their volume and dimensions.

“Yembo’s technology offerings are well-timed given the ever-increasing demand for desk adjusting solutions that extend the reach of the insurance carrier to the policyholder. We believe the market will continue to seek cutting-edge solutions focused on efficient interior claims processing, while also underwriting decisioning and Yembo’s current technology can seamlessly shift to support these carrier demands. The company’s vast domain expertise within the field of 3D computer vision and cloud computing has already deployed a powerful solution for the moving and relocation market, and we are excited to collaborate with and support the team as they extend their business model across the insurance sector.” – Chris Barrow, General Partner with Imagen Capital Partners.

“As we continue to advance the digital transformation of the moving and relocation industry we’re just scratching the surface of how powerful our visual AI survey technology can be.  The adaptation of our solutions across the insurance ecosystem makes perfect sense. Having the financial support and expertise of the Imagen team will help us execute this vision more rapidly and broadly – and with the benefit of experience, perspective and relationships of a leading tech investor and former Insurtech operators.” – Yembo Chief Executive Officer Sid Mohan.