A Series A fundraising round of $19 million has been raised by Israeli firm GEOX. Flashpoint Venture Capital led the round, and investors Ariel Maislos and Noam Lanir also participated, along with Suretech Partnership. With the addition of this capital, the company has received $23 million in investments since its start.
Natural disasters like hurricanes, floods, and wildfires can potentially inflict significant damage, which is predicted by this method. Comprehensive, data-rich 3D insights are produced by the platform that contain important property facts like exact location, type, slope, and more.
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The system developed by the Israeli business does 3D analysis of aerial photographs using artificial intelligence, allowing for automatic and extremely precise real estate property appraisals.
Potential damage from natural catastrophes like floods, hurricanes and wildfires is predicted with the usage of this approach.
About GEOX
In 2018, Guy Attar, CTO Eli Lavi, and CEO Itzik Lavi established GEOX. Itzik Lavi, a 22-year-old who had served in Israel’s elite 9900 military intelligence unit, launched the business.
