# HL Acquisition

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hl-acquisition

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.hosta.ai
- Total disclosed funding: $12M
- Latest round: Series A (Nov 18, 2021)
- Investors on record: 7

## About

HL Acquisition, Inc. is an innovative technology company specializing in AI-powered property assessments. Their platform enables remote evaluations of residential and commercial properties, utilizing advanced analytics for efficiency and accuracy.Founded in 2020, HL Acquisition, Inc. is based in Cambridge, US. The company offers AI-driven property assessment solutions and has successfully completed 3 deals, with their most recent funding round occurring on November 18, 2021. They secured USD 11.5 mn in Series A funding led by Eclipse Ventures, with participation from other investors including Brick & Mortar Ventures and The Cincinnati Insurance Company. The company does not currently have known subsidiaries or a parent company.Hosta A.I. specializes in an AI-powered property assessment platform that allows for remote residential and commercial property assessments using just a few photographs. The core functionality of this platform includes patented spatial and material analytics that automate the onsite property assessment process, streamlining operations for various stakeholders in the property management and insurance sectors. Key user groups include inspectors, appraisers, adjusters, contractors, property managers, material manufacturers, and interior designers. The technology is designed to enhance efficiency and reduce operational costs, making it suitable for markets across North America and Europe. By leveraging AI and machine learning, Hosta A.I. provides critical real-world insights without necessitating physical site visits, thus solving challenges related to time-consuming assessments and estimation accuracy.Hosta A.I. operates on a B2B model, offering subscription-based pricing plans tailored to various industry needs. The company's offerings include different editions such as Automation Edition, underwriting services, and customizable APIs that allow businesses to integrate Hosta’s capabilities into their existing workflows. Typical transactions involve partnerships with property insurers, contractors, and home improvement platforms, allowing clients to leverage Hosta A.I. for accurate property assessments and damage estimations without onsite presence. While specific pricing structures for the various products and services are not detailed, clients benefit from a streamlined process that potentially includes all-in-one pricing or a la carte options based on their unique requirements. The platform's focus on automated assessments positions it as a distinctive player in the property management and insurance technology landscape.In November 2021, HL Acquisition, Inc. raised USD 11.5 mn in Series A funding led by Eclipse Ventures, with participation from Brick & Mortar Ventures, Massive, Motivate, Spider Capital Partners, The Cincinnati Insurance Company, and USAA. The company will use the funding to bring their remote property assessment platform to insurers, contractors, and home improvement companies across North America. Hosta A.I. aims to expand its product offerings and enter new markets, focusing on enhancing their technology to meet the evolving needs of the property management and insurance sectors.

## Funding rounds

- Series A, Nov 18, 2021, $12M — USAA, Spider Capital, Eclipse Ventures, Brick & Mortar Ventures, Motivate, The Cincinnati Insurance Company, Massive

## Investors

- USAA — Series A
- Spider Capital (https://capitalatlas.ai/funds/spider-capital) — Series A
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Series A
- Motivate — Series A
- The Cincinnati Insurance Company — Series A
- Massive (https://capitalatlas.ai/funds/massive) — Series A