Zesty.ai raises $10 million

US financing company Brex has provided $10 million in growth capital via venture debt to ZestyAI , a provider of predictive data analytics in the climate risk space. The financing will help Zesty.ai expand into use cases in real estate including financing and asset management.

This deal marks continued momentum for Brex Venture Debt , which Brex launched in August 2021 as a way to help founders take their business to the next level. It helps growing businesses scale quickly and flexibly with a founder-friendly, less dilutive offering that is tailored to their needs.

Zesty.ai uses AI to deliver real-time assessments of climate risks associated with real estate assets and portfolios. The company’s technology considers a wide range of climate risks, including wildfires, wind and hail storms, floods and other catastrophic events, to help insurance companies better underwrite and rate homeowners and commercial lines policies.