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Tractable raises $60M at a $1B valuation to make damage appraisals using AI

TechCrunch

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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Block backs Japanese fintech startup Kyash in $41.2M round

TechCrunch

The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly known as Square), Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, StepStone Group, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. . million (12.8

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Climate accounting platform Persefoni raises $101M Series B led by Prelude and TPG

TechCrunch

EDF (Électricité de France), Sumitomo Mitsui Banking Corporation (SMBC), The Ferrante Group, Alumni Ventures Group and New Valley Ventures. It now claims to have four of the 10 largest global Private Equity firms and four of the world’s 20 largest banks using it, along with several global insurance companies and pensions/endowments.

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Automotive startup Upstream raises $62M Series C to scale cloud-based security

TechCrunch

Aside from scaling its security operations further, Upstream also intends to use the fresh funds to expand its offerings in data analytics, insurance telematics, predictive analytics and business intelligence, the company said. The Series C was led by Mitsui Sumitomo Insurance and was joined by new investors I.D.I.