Yembo obtains a Series A financing round of $ 8.5 million led by Imagen Capital Partners

Yembo obtains a Series A financing round of $ 8.5 million led by Imagen Capital Partners

Yembo’s platform utilizes machine learning and predictive modeling which transforms the surveying process by accurately defining rooms, furniture, appliances, structures and other relevant content, as well as their volume and dimensions. At the heart of Yembo’s patented technology are robotic algorithms – delivering web-based, ISO 27001 compliant offerings, which provide instantaneous video processing with AI at enterprise scale. “Yembo’s technology offerings are well-timed given the ever-increasing demand for desk adjusting solutions that extend the reach of the insurance carrier to the policyholder,” said Chris Barrow, General Partner with Imagen Capital Partners. “We believe the market will continue to seek cutting-edge solutions focused on efficient interior claims processing, while also underwriting decisioning and Yembo’s current technology can seamlessly shift to support these carrier demands. The company’s vast domain expertise within the field of 3D computer vision and cloud computing has already deployed a powerful solution for the moving and relocation market, and we are excited to collaborate with and support the team as they extend their business model across the insurance sector.”

“As we continue to advance the digital transformation of the moving and relocation industry we’re just scratching the surface of how powerful our visual AI survey technology can be.  The adaptation of our solutions across the insurance ecosystem makes perfect sense,” said Yembo Chief Executive Officer Sid Mohan. “Having the financial support and expertise of the Imagen team will help us execute this vision more rapidly and broadly – and with the benefit of experience, perspective and relationships of a leading tech investor and former Insurtech operators.” For more information, visit www.imagencap.com

About Imagen Capital PartnersImagen Capital Partners is a Seattle-based venture firm focused on investments in software/SaaS, data analytics and technology-enabled concerns.  Imagen seeks to create collaborative relationships with entrepreneurs beyond the investment process to innovate, challenge and transform the dynamics of new and existing enterprise markets. SOURCE Yembo, Inc.

To learn more about Yembo, visit https://yembo.ai About YemboFounded in 2016, Yembo was started by Siddharth (Sid) Mohan and Zach Rattner after spending over a decade at Qualcomm developing algorithms and software technologies that power 4G wireless and artificial intelligence (AI) on over a billion smartphones today. Yembo’s mission is to combine advances in AI with a new generation of software services to deliver unparalleled visual survey technologies, resulting in streamlined operations and a higher quality experience for consumers – from beginning to end. 

http://www.yembo.ai Related Links

Source www.prnewswire.com

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