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§ Private Profile · San Francisco, CA, USA
Property intelligence and risk management platform analyzing aerial imagery with AI for P&C insurers, optimizing underwriting and claims.
Based in San Francisco, California, Betterview is a property intelligence and risk management platform that utilizes artificial intelligence and computer vision to analyze aerial imagery for the property and casualty insurance industry. The software-as-a-service company enables insurance carriers to automate underwriting workflows, assess roof health, and optimize pricing and claims decisions. Prior to its acquisition, the enterprise generated approximately $11.6 million in revenue, maintained a workforce of roughly 55 employees, and secured $17 million in total venture funding. The firm received financial backing from notable investors including Nationwide Ventures and ManchesterStory before being acquired by global location intelligence company Nearmap in December 2023. Following the transaction, the platform integrated its capabilities with Guidewire PolicyCenter to provide underwriters with direct access to property risk data. Betterview was founded in 2014 by David Lyman and David Tobias.
Betterview has raised $25.6M across 6 funding rounds.
Betterview has raised $25.6M in total across 6 funding rounds.
# Betterview: Property Intelligence for Modern Insurance
Betterview is a property intelligence and risk management platform that serves the property & casualty (P&C) insurance industry[1]. The company applies artificial intelligence and computer vision to aerial imagery and geospatial data to help insurers identify and mitigate property risk, automate underwriting and pricing decisions, and improve the customer experience[1][3]. Founded in 2014 and based in San Francisco, Betterview raised $16.36M before being acquired by Nearmap in December 2023[1], integrating into a broader location intelligence platform serving the insurance sector.
The platform addresses a fundamental challenge in property insurance: insurers historically lacked high-quality, actionable insights into property conditions and risks[2]. Betterview transforms this by delivering continuous property monitoring, automated risk flagging, and catastrophic response capabilities—shifting the industry from reactive "Repair and Replace" approaches to proactive "Predict and Prevent" strategies[1][3].
Betterview operates at the intersection of geospatial intelligence, AI/computer vision, and insurance technology—three converging trends reshaping how insurers manage risk. The timing is critical: property insurers face mounting losses from climate-related catastrophes, regulatory pressure to improve underwriting accuracy, and competitive pressure to streamline operations. Betterview's acquisition by Nearmap reflects the consolidation of location intelligence providers, positioning the combined entity as a full-stack solution from imagery capture through AI-powered insights.
The platform influences the broader ecosystem by demonstrating how computer vision can automate traditionally manual insurance workflows, setting a standard for property intelligence that competitors must match. Its integration with Guidewire—the dominant policy administration system for insurers—amplifies its reach and establishes it as infrastructure for the industry.
Betterview's trajectory from independent startup to Nearmap subsidiary signals maturation in the property intelligence market. Under Nearmap's ownership, the platform is expanding its capabilities through integrations (Guidewire PolicyCenter launch in October 2025) and advancing its AI and generative AI features[5][6]. The company is well-positioned to capture growing demand from insurers seeking to automate underwriting, reduce loss ratios, and respond to climate-driven risk acceleration.
The key question ahead: as climate volatility increases and insurers face tighter margins, will property intelligence platforms like Betterview become essential infrastructure—or will commoditization pressure limit their value? The answer likely depends on whether they can continuously innovate in predictive accuracy and integrate seamlessly into insurers' existing technology stacks, a challenge Betterview appears to be addressing through its Guidewire partnership.
Betterview has raised $25.6M across 6 funding rounds. Most recently, it raised $7.5M Other Equity in June 2020.
Betterview has raised $25.6M in total across 6 funding rounds.
Betterview's investors include ManchesterStory, Chestnut Street Ventures, EMC, Maiden Re, Metamorphic Ventures, Nationwide, Winklevoss Capital, Acrew Capital, AllegisCyber Capital, Alumni Ventures, Bascom Ventures, Earthshot Ventures.