# ResiQuant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/resiquant

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.resiquant.ai
- Total disclosed funding: $4.7M
- Latest round: Seed (Dec 23, 2024)
- Investors on record: 4

## About

ResiQuant, Inc. is an innovative technology company specializing in AI-driven solutions for risk assessment in property insurance, enhancing decision-making processes for insurers.ResiQuant, Inc. was founded in 2023 in San Francisco, US, focusing on improving risk assessments for the property and casualty insurance market. The company has completed a single major deal to date. The founder has previously founded other companies, although specific details are not disclosed. ResiQuant is independently operated without any known subsidiaries or parent companies.ResiQuant offers an AI-powered platform that enhances property intelligence by focusing on climate and seismic risk assessments. Its core products enable property and casualty (P&C) insurance carriers to improve underwriting processes through automated analysis of complex submissions and critical building data. By uncovering vulnerabilities that determine the survivability of properties, ResiQuant's solutions address the significant issue of missing and inaccurate property data, which has been a barrier to effective risk selection in the insurance industry. The platform serves a diverse clientele, including leading insurance carriers across the United States, and supports underwriting operations in 99% of the continental U.S., Hawaii, and Alaska. Key use cases include facilitating property evaluations for multi-family, single-family, and commercial properties, thereby allowing carriers to make informed decisions in catastrophe-prone regions.ResiQuant generates revenue through its subscription-based model, where insurance carriers utilize the AI platform to enhance underwriting processes and risk assessment capabilities. Clients engage with the company through direct partnerships, accessing a suite of solutions aimed at reducing manual workloads and improving operational efficiency. The structure of transactions typically includes tiered pricing plans that align with the scale and needs of the insurance providers, emphasizing tailored solutions that enhance profitability in high-risk markets. While specific pricing details for individual services are not disclosed, ResiQuant's flagship offerings focus on critical engineering insights and automated underwriting tools designed to identify profitable opportunities in diverse hazard environments.In December 2024, ResiQuant, Inc. raised approximately USD 4.65 mn in Seed funding led by new investor LDV Capital, with participation from Foothill Ventures, Pear VC, Alumni Ventures, and individual investors. The company will utilize the funding to increase its development and activities. Future initiatives include launching new products aimed at enhancing the platform's analytical capabilities and expanding into additional geographical markets within North America by late 2025.

## Funding rounds

- Seed, Dec 23, 2024, $4.7M — Pear VC, LDV Capital, Alumni Ventures Group, Foothill Ventures

## Investors

- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed
- LDV Capital (https://capitalatlas.ai/funds/ldv-capital) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Seed