Spotr, a Dutch AI-powered property data platform, has recently garnered €4.5m in funding to bolster its mission of constructing the world’s most reliable and expansive image-driven property database.
The funding round, led by EDF Pulse Ventures and supported by existing investors Volta Ventures and InnovationQuarter, has injected €4.5m into Spotr’s ambitious endeavour.
The firm specialises in harnessing AI technology to compile comprehensive property data globally, offering swift and hassle-free solutions to its clientele.
Spotr’s distinctive approach involves gathering images from various sources, including satellites and street views, to create digital twins of properties worldwide.
This, coupled with machine learning and AI capabilities, enables Spotr to conduct large-scale property inspections efficiently.
“With the investment we have extended our executive team with two seasoned and successful entrepreneurs”, says Dirk Huibers, co-founder and CEO of Spotr. “Bart Jan Hin, former CCO of Rodeo, has come on as CCO and Sander Mulders, former founder Geophy, as CTO. Next to these key hires, we will extend our technology, originally built for housing organisations, in the insurance industry. This allows us to service large enterprise companies like Zurich and local real-estate owners like the Alliantie. Our ambition is to inspect 15 million properties in the next two years.”
Julien Villeret, Chief Innovation Officer at EDF group, added, “Decarbonising housing, which is responsible for 36% of greenhouse gas emissions in Europe , is directly in line with the EDF Group’s raison d’être. The technology developed by Spotr enables us to effectively qualify customers’ needs, so that we can very quickly offer them concrete solutions in terms of energy efficiency and decentralised energy production, such as the installation of solar panels on their roofs.”
Copyright © 2024 InsurTech Analyst
