Company Overview
Snapshot
Founded in April 2018 by Izik Lavi, Eli Lavi, and Guy Attar, GeoX GIS Innovations operates with 11–50 employees. The company has raised $23 million across two funding rounds from five investors.
Business overview
GeoX GIS Innovations develops artificial intelligence technology to extract 3D object data from aerial imagery, providing accurate and meaningful property insights for insurers. Its core product, GEOX PROPERTY, offers detailed property dimensions and risk indicators, enabling insurers to perform reliable underwriting and assess portfolio risks. The company partners with aerial imagery collectors to gather high-resolution data, including post-disaster assessments, to help insurers manage claims effectively. GeoX operates in the Fintech & Insurtech sector, serving the insurance industry globally, with a focus on markets like Australia.
Strategic signal
In September 2024, GeoX GIS Innovations secured a Series A funding round, highlighting continued investor confidence in its AI-driven property data solutions. This investment signals the market's recognition of GeoX's potential to enhance real estate risk analysis, particularly in the context of climate-related disasters, and reinforces its strategic position within the Insurtech sector.
Log in to access full profile ›Company Intelligence Q&A
- What is GeoX GIS Innovations' primary focus?
- GeoX GIS Innovations leverages proprietary artificial intelligence to extract 3D property data from aerial imagery, providing crucial insights for the insurance industry to assess risks and manage claims.
- When was GeoX GIS Innovations founded and by whom?
- GeoX GIS Innovations was founded in April 2018 by Izik Lavi, Eli Lavi, and Guy Attar.
- What was a key partnership announced by GeoX GIS Innovations in February 2022?
- In February 2022, Japan's Sompo announced plans to use the GeoX platform for property insurance, indicating a significant international adoption of the company's technology.
- What major project did GeoX GIS Innovations undertake in July 2021?
- In July 2021, GeoX GIS Innovations began a project to produce three-dimensional mapping of 18 million buildings in Australia, expanding its global operational footprint.