ZestyAI, a leader in AI-driven risk analytics for the property and casualty insurance industry, has secured a $15 million credit facility from CIBC Innovation Banking. This funding strengthens ZestyAI’s financial position, enabling the company to scale its climate and property risk models to meet growing demand in the insurance sector. For the latest stock information on CIBC, refer to the finance card above.
ZestyAI secures $15M credit facility from CIBC Innovation Banking.
Delivered 31M property risk assessments in 2024, doubling 2023 volume.
On track to exceed 50M assessments in 2025.
AI models approved in over 50 regulatory filings nationwide.
Extended coverage to 511,000 previously uninsurable properties in 2024.
Launched 4 new products and secured 33 new partnerships.
ZestyAI’s $15 million credit facility from CIBC Innovation Banking enhances its financial flexibility, supporting the expansion of its AI-powered risk analytics platform. “We’ve built ZestyAI with long-term discipline and a clear mission: to help insurers navigate changing risks with confidence,” said Attila Toth, Founder and CEO of ZestyAI. The company delivered over 31 million property risk assessments in 2024, doubling its 2023 volume, and is on pace to surpass 50 million in 2025.
ZestyAI’s AI models for wildfire, severe convective storms, and non-weather water damage have gained significant regulatory approval, with over 50 filings nationwide, including recent approvals in Texas, Colorado, and California. The Z-FIRE™ wildfire model, reviewed by the California Department of Insurance, is cleared for rate segmentation and underwriting under the PRID process starting January 2, 2025. This regulatory support strengthens ZestyAI’s position as a trusted provider in the insurance industry.
The platform’s precise, parcel-level risk insights enable insurers to strengthen underwriting, optimize pricing, and expand coverage in catastrophe-prone regions. In 2024, ZestyAI helped carriers extend coverage to over 511,000 properties previously deemed uninsurable. “ZestyAI is addressing a critical need in the insurance industry with its AI-powered approach to property and climate risk,” said Sean Thompson, Managing Director at CIBC Innovation Banking. This capability supports insurers in aligning premiums with actual risk profiles.
ZestyAI’s growth includes 33 new and expanded customer partnerships, with 26 new clients and four new product launches in the past year. Its adoption spans admitted carriers, MGAs, FAIR Plans, and public-private partnerships. By combining property data, climate science, and AI, ZestyAI empowers insurers to improve operational efficiency and protect communities, positioning it as a leader in risk analytics.
This funding marks a pivotal step for ZestyAI, reinforcing its mission to transform the insurance industry with AI-driven insights. As demand for precise risk analytics grows, ZestyAI is poised to become the industry standard, fostering a more resilient and accessible insurance market.
ZestyAI is the leading risk platform trusted by Property and Casualty insurers and regulators across the United States. Combining advanced AI models with robust data sources, ZestyAI delivers property-level risk insights for perils such as wildfires, severe convective storms, and non-weather-related hazards. Validated by climate science and historical loss data, these insights enable smarter underwriting, precise rating, and improved reinsurance outcomes. ZestyAI fosters a healthier insurance market for all by helping carriers align premiums with true risk, increase accessibility and prioritize mitigation to make insurance more affordable.
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