SAN FRANCISCO, CA, Delos Insurance Solutions today announced a $7.3 million seed extension round.
Delos Insurance Solutions, which uses wildfire science and satellite imagery expertise to solve homeowners' wildfire insurance availability issues, today announced a $7.3 million seed extension round. The funding enables the company's expansion in the California homeowners' insurance market. The seed extension round was led by IA Capital Group with participation from Blue Bear Capital; Gallatin Point Capital; Generation Space through Seraphim Space Investment Trust PLC; Avanta Ventures, the corporate venture arm of CSAA Insurance Group; Red Dog Capital; DNX Ventures; Robert Glanville; and Jonathan Crystal.
Delos Insurance Solutions uses cutting-edge technology to offer insurance protection to homeowners in communities abandoned by other insurers because of wildfire risk. Founded in San Francisco in 2017 by aerospace engineers, Delos uses satellite imagery and artificial intelligence to identify insurable homes within territories deemed too risky by the rest of the insurance market. Delos is a Managing General Agent (MGA) offering policies on behalf of insurers rated "A" (Excellent) by AM Best.
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