Delos Insurance Solutions: Innovative Approaches and Fresh Capital for Better Insurance

The California-based company Delos Insurance Solutions, known for its focus on hard-to-insure areas with high wildfire risk, has secured 9 million USD in a Series A funding round. Interestingly, Delos was founded in 2017 by aerospace engineers in San Francisco and now manages an impressive insurance volume of 40 billion USD. Using satellite imagery and advanced fire science, Delos develops a unique technology that allows for the identification of homes with lower wildfire risk. This technology offers a welcome alternative to traditional insurers who often withdraw from such high-risk areas. The secured capital will support Delos in expanding its business to other states and developing new products. The goal is to provide affordable insurance that better meets the needs of people. Kevin Stein, CEO of Delos, emphasized that the company intentionally downsized the round despite oversubscribed funding. The reason: surprisingly high growth figures and positive market response in California. At the same time, climate-related growth investors from HSBC Asset Management highlighted the importance of Delos' innovative technology in light of recent climate challenges. As of September 2023, Delos was able to acquire 7.3 million USD in an extended seed funding round led by IA Capital Group.