Exclusive: ResiQuant raises $4 million in LDV Capital-led funding round

By Mia MacGregor

March 14 - (The Insurer) - ResiQuant, a San Francisco-based AI platform for property carriers, has raised $4 million in a seed funding round led by LDV Capital, with participation from Foothill Ventures, Pear VC, Alumni Ventures and angel investors.

The company also announced its first customer, Golden Bear Insurance Company, which has adopted ResiQuant’s platform to enhance risk selection, automate underwriting workflows and support reinsurance negotiations, according to ResiQuant.

Founded in 2023, ResiQuant’s end-to-end AI platform identifies building vulnerabilities and attributes that determine structural survival during disasters, from earthquakes to climate-driven catastrophes such as wildfires and severe storms.

ResiQuant said the new funding will be used to expand its platform’s capabilities and grow its engineering and AI teams to better serve property carriers across major U.S. markets.

The company also noted that it is working to develop a multi-hazard platform that enables carriers to scale profitably while promoting resilient building design and adaptation in vulnerable communities.

Currently focused on earthquake risk for commercial, multi-family and single-family properties, ResiQuant said that it plans to expand its coverage to wildfires and windstorms.

"ResiQuant is transforming how we process submissions, delivering risk-specific engineering insights at remarkable speed,” said Michael Brown, vice president of property at Golden Bear Insurance Company.

“This is helping our underwriters better understand each risk, set pricing based on robust and specific risk data, and write cat-exposed business with greater confidence based on better information,” Brown added.

Omar Issa, ResiQuant's CEO, added, "We're transforming this paradigm by delivering engineering-grade analysis that reveals hidden structural vulnerabilities in every building, helping them underwrite with confidence and maintain coverage precisely where others are forced to retreat.”