(Image source: John Deere, Kespry client.)
Kespry, a Menlo Park, Calif.-based drone-based aerial intelligence solution provider, announced that it is received funding from Salesforce Ventures (San Francisco), Salesforce’s venture capital arm. According to Kespry, this is Salesforce’s first investment in a hardware company. The news came within a broader announcement that Kespry has enjoyed significant growth across the industries it serves, including insurance, mining, aggregates and inspection, gaining 43 new clients during the last year. Kespry declines to specify the amount of investment.
Salesforce Ventures has invested in Kespry to fuel its growth trajectory, with a focus on its AI-augmented insurance claims management capabilities which complement Salesforce Financial Services Cloud, according to a Kespry statement. “Together, the companies will enhance the end-to-end digital experience for insurance clients and their customers by delivering accurate risk and damage assessment, loss adjustment expense reduction, and rapid claims payouts,” the statement elaborates.
“Kespry is pleased to be extending our claims management solution to complement Salesforce’s industry-leading financial services solution,” comments George Mathew, CEO and Chairman, Kespry. “Providing sensor-based aerial insights as a cloud service aligns perfectly with Salesforce’s mission and approach. We’re also enabling people with AI-augmented tools in other industrial sectors, including mining, aggregates and construction. This new funding will enable us to further accelerate our innovation into those sectors as well.”
Kespry reports that its solutions are now used by some of the largest insurance companies in the U.S. to resolve residential and commercial roof claims in as little as an hour. Kespry also claims to reduces policy risk and drive preventative maintenance for commercial property inspections, while improving underwriting processes.
The Kespry solution includes a fully-autonomous drone, cloud data processing and analytics, and rapid integration into organizations’ existing workflows for damage assessment and estimating. It is offered on a “drone-as-a-service” basis, with insurance, mining and aggregates, construction, and pulp and paper companies purchasing yearly drone, software, and services packages.