CompScience Insurance Services, a San Francisco, CA-based provider of a computer vision insurtech company, raised $10M in Series A funding.
The round was led by Valor Equity Partners, with participation from Four More Capital, an early-stage investing arm of Henry Crown and Company.
The company intends to use the funds will expand further into additional industry verticals, grow its technology and service offerings, and build out its staff of insurance and safety experts in several existing and additional high risk industries.
Led by Josh Butler, Founder and CEO, CompScience provides an AI-powered safety analytics platform that combines visual AI with insurance incentives to analyze workplace security video with AI and data science techniques. With this data, CompScience delivers risk mitigation services to measurably reduce hazard exposure as part of a workers’ compensation policy or a SaaS offering.
CompScience grew its insurance business over 10x and drove down its injury rates by 23% so far this year with partners such as Swiss Re, Nationwide, and 10 of the top 20 commercial insurance agencies in the United States.
