Honeycomb Insurance: A Rising Star in the Insurtech Industry

Honeycomb, a Chicago-based digital insurer, recently secured $36M in Series B funding, led by Zeev Ventures. CEO Itai Ben-Zakan aims to revolutionize the insurance market with AI-powered solutions. Honeycomb's innovative approach integrates aerial imagery and AI to accurately underwrite risks in real-time. The company covers landlords and condo associations in the U.S., with plans to expand into new markets. Despite facing competition, Honeycomb's unique technology sets it apart in the industry. With the new funding, Honeycomb plans to double its workforce, introduce new products, and become a one-stop shop for commercial real estate insurance. Honeycomb's success story showcases the potential for innovation in the insurtech sector, attracting investors like Zeev Ventures and positioning the company for future growth and expansion.