Zesty.ai raises $33 million

Oakland-based ZestyAI closed a $33 million Series B funding round led by Centana Growth Partners, bringing its total funding to $56 million.

Founded in 2017, Zesty.ai (a team of ~40) 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.

It is now looking to expand beyond insurance to real estate and more specifically to mortgage, property, and asset management. “This represents a natural extension of Zesty.ai’s core mission in insurance, which is to leverage cutting-edge technologies like AI and computer vision to help protect families, communities, and their financial well-being.”

According to Coverager Data, at least 6 insurers use its platform.