Archipelago
Property risk management for insurance brokers
- 101-200 employees
- B2B
- Artificial Intelligence
- Real Estate
- Machine Learning
- Mid-Market, San Francisco, CA
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Company mission
To connect the property risk market.
40% employee growth in 12 months
Our take
Archipelago is an AI computer data and analytics platform that provides commercial property owners, brokers, and insurers with simplified, yet comprehensive, risk assessment tools. The platform uses machine learning to extract data from submitted documents to analyze underlying risk efficiently and accurately.
The company’s platform allows its clients to cut out laborious and error-prone manual processes, reducing costs whilst increasing efficiancy. Long-term, the company hopes to shape a truly transparent insurance market that affords cheaper, broader coverage.
Since coming out of stealth mode in 2021, the platform has over $9.5 trillion in total insured value across 1.3 million+ properties, with 100% of top carriers in the property insurance industry represented. The company has continued to focus on expanding its platform capabilities, winning multiple innovation awards, and is well set to see continued global expansion.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 4 rounds)
Apr 2021
$34m
SERIES B
Mar 2020
$6m
EARLY VC
Total funding: $57.1m
This company has top investors
Leadership
Hemant Shah
(Co-Founder, CEO & Excecutive Chair)After graduating from Stanford University, they co-founded Risk Management solutions, which blended model science with SaaS risk management solutions. They continue to be an Advisor for Praedicat, a science-based analytics company for emerging risks and are on the Board of a social venture, Build Change.