Insurtech BirdsEyeView has announced it has secured an undisclosed seven-figure investment to support continued international expansion and development of its wildfire model.
With support from the European Space Agency, BirdsEyeView provides global multi-hazard natural hazard modeling and risk management software to reinsurers, MGAs and brokers. Its platform combines high-resolution satellite data with advanced artificial intelligence analytics to deliver real-time risk assessment and real-time portfolio risk management directly on the underwriter’s desktop.
The round was led by venture capital and growth equity fund 24 Haymarket, with additional investment from all existing investors. This follows a 200% increase in turnover and recent expansion into the US and Australian markets.
BirdsEyeView intends to use the investment to accelerate the development of its machine learning-driven wildfire model, expand its team of scientists and climate experts, and expand commercial operations in North America and Australia.
This investment comes at a critical time as wildfire risks are evolving rapidly as climate change drives severe fire activity into areas historically not considered high risk. BirdsEyeView notes that many traditional wildfire models fail to reflect the speed and scale of these changes, relying on outdated historical data, and emphasizes the need for a more adaptive, real-time data-driven approach to wildfire risk assessment.
James Rendell, CEO and founder of BirdsEyeView, said: “By 2025, we have become the trusted natural hazards and hazard modeling partner for Lloyd’s and the Australian and Canadian policyholder markets. This investment allows us to build on that foundation.”
“Advances in artificial intelligence are transforming hazard modeling, particularly by automating time-consuming data preparation processes to underpin model accuracy. This allows teams to focus on higher-value scientific analysis while ensuring models evolve in response to new data, emerging risks and a rapidly changing climate.”
Jamie Dunnett, investment director at 24 Haymarket, added: “We are delighted to be working with James and the BirdsEyeView team to support the company’s ambitious growth plans. We have been impressed by the way James has committed to building the business and are excited to see where this investment can take them – strengthening the company’s position in the emergency market and replicating this success in other business areas such as property. The company has made excellent progress since the investment was completed last August and we are well-positioned to take on 2026 Great opportunities for the year.”
The investment follows a June 2022 seed funding round led by SFC Capital and an undisclosed seven-figure investment in December 2023 led by the European Space Agency, Big 5 Investors, InsurTech NY and ACF Investors.
