ZestyAI, a US-based InsurTech firm focused on AI-driven risk analytics for property and casualty insurers, has secured a $15m credit facility from CIBC Innovation Banking.
The funding will support ZestyAI’s expansion and strengthen its balance sheet as the company scales its property and climate risk models. In 2024, it delivered more than 31 million property assessments and is projected to surpass 50 million in 2025.
ZestyAI’s platform combines AI, climate science, and property data to offer parcel-level insights that help insurers improve underwriting and expand coverage, especially in catastrophe-prone areas. Its wildfire model, Z-FIRE™, was recently cleared by California regulators for ongoing use in filings.
Founder and CEO Attila Toth said, “We’ve built ZestyAI with long-term discipline and a clear mission: to help insurers navigate changing risks with confidence.”
CIBC Innovation Banking managing director Sean Thompson added, “ZestyAI is addressing a critical need in the insurance industry with its AI-powered approach to property and climate risk.”
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