ZestyAI, a provider of AI-driven risk analytics for the property and casualty insurance industry, has secured a $15 million credit facility from CIBC Innovation Banking. The facility enhances ZestyAI’s financial flexibility and reinforces its strong balance sheet as the company scales adoption of its climate and property risk models.
“We’ve built ZestyAI with long-term discipline and a clear mission: to help insurers navigate changing risks with confidence,” Attila Toth, founder and CEO of ZestyAI, said. “As demand for trusted, property-level risk insights continues to grow, this capital infusion enables ZestyAI to further invest in supporting this rapid growth and become the industry standard for property risk analytics.”
“ZestyAI is addressing a critical need in the insurance industry with its AI-powered approach to property and climate risk,” Sean Thompson, managing director, California market manager at CIBC Innovation Banking, said. “We’re proud to support ZestyAI’s next phase of growth as it continues expanding its platform and deepening its impact across the insurance ecosystem.”
