{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwO2E4o0KDA","lastupdate":"2023-05-14T00:00:00.000Z","update_date":"2023-05-14T00:00:00.000Z","lastModified":"May 14, 2023","active":1,"confidence_score":91,"confidence_score_reason":"markets, not claimed","urlname":"skywatch-technologies","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$ChzIaWMj53nJ7dpxn4m9qVZ5SUtLZHbW6zyp2OPjgFFf2PXDMtMYMi","name":"VOOM Insurance","oneliner":"On-demand Platform for Specialized Mobility Insurance","registrar":"515538437","website":"https://www.voominsurance.com","careerspage":"https://www.voominsurance.com/careers","founded_month":10,"founded_year":2016,"formernames":["SkyWatch.AI","SkyWatch"],"sociallinks":{"twitter":"https://twitter.com/VoomInsurance","youtube":"","facebook":"https://www.facebook.com/VOOMinsurance","linkedin":"https://www.linkedin.com/company/19164437","instagram":""},"social":["https://www.facebook.com/VOOMinsurance","https://www.linkedin.com/company/19164437","https://twitter.com/VoomInsurance"],"flattenedsociallinks":"https://www.facebook.com/VOOMinsurance|https://www.linkedin.com/company/19164437|https://twitter.com/VoomInsurance","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"11-50","employees_exact":21,"patent":0,"raised":22000000,"stage":"B","public_stage":"B","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Iee18sJDA","primary_sector":"Fintech & Insurtech","alternativenames":[""],"about":"VOOM offers an on-demand, telematics-based insurance technology platform for specialized mobility products designed to protect users for anything they ride, fly, or sail. 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The companys innovative insurance products are expected to expand the share of insurtech in the insurance industry.","partners":null,"customers":null,"investors":"JAL Ventures, UP.Partners, F2 Venture Capital, Kaedan Capital, Arbor Ventures, Verizon Ventures, ICON Continuity Fund","confidence":9,"key_topics":["insurance","expansion","funding","mobility","insurtech"],"date_of_event":"2021-10-05","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$15 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"gy2GhZuxU2ZXbol11T9byCzoKhIZnXJf99NGU7Nux2WBqgvMrhq5jn","news_summary":"VOOM raises $15 million to provide insurance to more mobility vehicles","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"fbd3a15a-e7bf-44fa-80b8-e27b4410c990","date":"Aug 18, 2021","link":"https://nocamels.com/2021/08/voom-insurtech-israel-motorcycle-insurance/","source":"nocamels.com","visible":1,"analysis":{"tags":"insurance tech","company":"Voom","layoffs":null,"summary":"Voom, an Israeli insurance tech platform, has launched its first per-mile insurance offering for motorcycles in select states in the US. The insurance is in collaboration with Markel Insurance Company. Voom will distribute the per-mile product both directly and via select partners. The coverage is accompanied by online policy management and various other coverage options. This offering is especially ideal for motorcyclists who travel short distances or ride only occasionally, allowing them to customize their insurance and pay for the time they ride instead of predetermined rates.","partners":["Markel Insurance Company"],"customers":null,"investors":null,"confidence":8,"key_topics":["per-mile insurance","motorcycles","collaboration","flexibility","growth"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"UEjwxchoMwEgtvTwlwDcz940wREQwCzwhZQMvHzGxFJ6MB4t0jQV03","news_summary":"Israeli Insurtech Firm Voom Launches 1st Per-Mile Motorcycle Insurance","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f2f64357-0387-4efe-8432-ac55af475e21","date":"Jul 26, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3913299,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"appointments","company":"VOOM","layoffs":null,"summary":"VOOM, an insurtech company for high-risk vehicles, has appointed Amir Shneider as Head of Marketing. Shneider will oversee the companys product Skywatch AI drone insurance. The appointment is expected to have a positive impact on the companys growth. VOOM creates data-driven, usage-based insurance products for various high-risk mobility verticals, including drones, light planes, motorcycles, e-scooters, and e-bikes. Shneider replaces Ilan Yusim, who led the successful launch of Skywatch AI drone insurance. VOOM is headquartered in Tel Aviv with an office in Palo Alto, California.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["insurtech","marketing","high-risk vehicles","drone insurance","new-mobility segments"],"date_of_event":"2021-07-26","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Management Changes"],"acquisition_amount":null,"structuredIssuesShow":"#Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Y9Ms4trByTE9nqWwNqlK8BnmXpLgjms7FoXNBbUOCDUEt7eS1mRX1j","news_summary":"VOOM names Amir Shneider as Head of Marketing","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9f749bce-7df6-41ab-826a-55728f6cf77d","date":"May 6, 2021","link":"https://www.prnewswire.com/il/news-releases/voom-recognized-as-a-cool-vendor-in-gartner-2021-cool-vendors-in-insurance-301285584.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"InsurTech, insurance","company":"VOOM","layoffs":null,"summary":"VOOM, the leading InsurTech company for new mobility, has been named a Gartner Cool Vendor in the 2021 Cool Vendors in Insurance report. The recognition highlights VOOMs mission to provide flexible insurance options through technology. Insurers can leverage VOOMs insurance platform to add on-demand products to their portfolio without the need for internal expertise or platforms. VOOM specializes in creating and distributing innovative insurance products for new-mobility segments, including drones, e-scooters, e-bikes, motorcycles, and light planes. The company is a licensed insurance broker in all 50 US states.","partners":"Gartner","customers":null,"investors":null,"confidence":9,"key_topics":["InsurTech","Gartner Cool Vendor","Insurance","Technology","Mobility"],"date_of_event":"May 6, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"auPXdzWyYMgNfietrPL1e3tIM5Ufu7aOI2IQYnDWOvpOjDl9qAlBSC","news_summary":"VOOM Recognized as a Cool Vendor in Gartner 2021 Cool Vendors in Insurance","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"242c1035-4e92-4e91-83ae-c45ee3092ffc","date":"Jul 3, 2019","link":"http://nocamels.com/2019/07/escooters-drones-israeli-startup-voom-insurance-tech/","source":"nocamels.com","visible":1,"analysis":{"tags":["insurance","specialized mobility","on-demand","telematics-based solution"],"company":"Voom","layoffs":null,"summary":"Israeli insurance platform Voom has closed a $5 million Series A funding round led by Arbor Ventures. The company aims to provide on-demand, telematics-based insurance coverage for various modes of specialized mobility, including e-scooters, drones, small private planes, small boats, and motorcycles. Vooms solution includes an individual AI-risk analysis and personalized pricing based on actual use and personal risk. The company plans to partner with ride-sharing platforms as distributors for their insurance products. Vooms new products for specialized mobility will first launch in the US, with potential expansion to other countries.","partners":null,"customers":null,"investors":["Arbor Ventures","F2 Capital","Verizon Ventures","Kaedan Capital","Plug and Play Venture"],"confidence":8,"key_topics":["e-scooters","insurance","risk assessment","on-demand","specialized mobility"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$5 million","structured_issues":["Customers","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"PHcHvlVwsoTDzuGZ9KK7mFUffQp3HYZzGqPDH3a7PlZtDE44BRDGRj","news_summary":"With Rise Of E-Scooters, Israeli Startup Voom Creates 1st Personalized AI-Based Insurance Tech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3161b88b-b07e-4af9-9e3d-3e3c8d254d9e","date":"May 22, 2019","link":"https://tech.eu/brief/israeli-drone-insurance-startup-voom-raises-5-million/","source":"tech.eu","visible":1,"analysis":{"tags":"insurance, mobility","company":"VOOM","layoffs":null,"summary":"Tel Aviv-based insurance startup VOOM has raised $5 million in a funding round led by Arbor Ventures. The company offers insurance products for drones and on-demand insurance for various modes of transport. VOOM uses a telemetry-based risk analysis engine to provide real-time risk assessment and customize insurance policies. The funding brings the total amount raised by the company to $7 million.","partners":null,"customers":null,"investors":["Arbor Ventures","F2 Capital","Verizon Ventures","Kaedan Capital","Plug and Play Ventures"],"confidence":9,"key_topics":["insurance","mobility","funding","telemetry-based risk analysis engine","on-demand mobility services"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$5 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"b610v6RYH8BvlmxqPROGLAT9blil4NWNKYulLeFolkIRDnPTdDKaod","news_summary":"Israeli drone insurance startup VOOM raises $5 million - Tech.eu","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"cb377067-6f59-424b-a198-22d2664a24e7","date":"Jan 1, 2019","link":"http://uasmagazine.com/articles/1968/droneup-skywatch-ai-collaborate-on-uas-insurance-coverage","source":"uasmagazine.com","visible":1,"analysis":{"tags":["partnership","insurance"],"company":"DroneUp","layoffs":null,"summary":"DroneUp and Skywatch.AI have formed a partnership to provide liability coverage for missions flown by DroneUps pilots. The coverage will be carried by DroneUp at no additional charge to its pilots and includes property damage, bodily injury, and privacy claims. Skywatch.AI is a data analytics and insurance platform for drone pilots and fleet managers, while DroneUp is a network of individual pilots and pilot organizations for hire. The partnership aims to provide risk mitigation and seamless insurance solutions for drone operations.","partners":["Skywatch.AI"],"customers":null,"investors":null,"confidence":8,"key_topics":["DroneUp","Skywatch.AI","insurance","pilots","coverage"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"MEuTJQr05KVoSOXFrX3t7iB7MTSrooaN2Bmp6SmmrXE8xWMxC3Yayd","news_summary":"DroneUp, SkyWatch.AI collaborate on UAS insurance coverage","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"01c3619f-950a-4d3a-ac90-300f0aff0b2e","date":"Dec 18, 2018","link":"https://dronelife.com/2018/12/18/droneup-and-skywatch-ai-collaboration-puts-automated-insurance-solution-into-drone-pilots-hands/","source":"dronelife.com","visible":1,"analysis":{"tags":"insuretech, collaboration","company":"DroneUp","layoffs":null,"summary":"DroneUp, a leading drone pilot platform, has collaborated with Skywatch.AI to provide on-demand, automated flight insurance coverage to its licensed pilots. The integration allows Part 107 pilots to access insurance coverage for property damage, bodily injury, and privacy claims through the DroneUp app. The liability coverage is provided by DroneUp at no additional charge. The collaboration aims to mitigate risks for drone operations and enhance mission planning for DroneUps pilots. The insurance integration is now available through the DroneUp app, and pilots can also download the Skywatch.AI app. Both companies emphasize the importance of following FAA regulations and maintaining operational standards for drones.","partners":["Skywatch.AI"],"customers":null,"investors":null,"confidence":8,"key_topics":["insuretech","collaboration","drone industry","insurance coverage","pilot network"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"hkxjuNnOoAFKvSQVxZcA0Ezxhweh8uwSyzveYb30MzkOL6VAqgJLv5","news_summary":"DroneUp and SkyWatch.AI Collaboration Puts Automated Insurance Solution into Drone Pilots' Hands - DRONELIFE","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e06de90d-99de-4daa-886b-067d1e0d85d2","date":"Jan 31, 2018","link":"https://www.prnewswire.com/news-releases/drone-data-analytics-platform-skywatch-announces-2-million-in-seed-funding-671937973.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":["drone industry","data analysis","risk-assessment","insurance","investment"],"company":"SkyWatch","layoffs":null,"summary":"SkyWatch, a data analysis and risk-reduction platform for the drone industry, has raised $2 million in a Seed round from F2 Capital, Verizon Ventures, and Kaedan Capital. The funding will be used to continue building the platform and develop on-demand insurance solutions. SkyWatch aims to revolutionize drone safety by providing operators with a holistic solution to manage flight safety. The companys mobile application will be available in Q1 2018, allowing operators to receive real-time hazard warnings and calculate a safety score for each flight. SkyWatchs software platform uses AI algorithms and data sources to analyze risks and prevent potential failures. The drone industry is expected to grow by $100 billion over the next five years.","partners":null,"customers":null,"investors":["F2 Capital","Verizon Ventures","Kaedan Capital"],"confidence":8,"key_topics":["drone industry","safety","data analytics","insurance","investment"],"date_of_event":"January 31, 2018","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$2 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"wcc5nJhdeVFSzNUDoSrQDQHLxrjoerXkIXmNCb4iuLYBEEOJea3mTX","news_summary":"Drone Data Analytics Platform SkyWatch Announces $2 Million in Seed Funding","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"newsNumber":9,"techcommunityinvolvement":null,"mediagallery":[{"id":"04397d3b-7d24-4603-8ce9-a61d2f16d46f","timestamp":"2021-01-06 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