GEOX Raises $19 Million in Series A

GEOX Raises $19 Million in Series A

GEOX, a Tel Aviv, Israel-based startup specializing in AI-driven real estate risk analysis for climate-related disasters, has raised $19 million in Series A funding.

The round was led by Flashpoint Venture Capital, with participation from Suretech Partnership, as well as investors Ariel Maislos and Noam Lanir. With this funding, GEOX's total investment since its inception has reached $23 million.

Flashpoint is an international tech investment manager with approximately $500 million in assets under management (AUM) focused on U.S. and Western European tech companies from Europe and Israel. Flashpoint manages five venture funds across three products: Venture Capital, Growth Debt, and Direct Secondary. The firm is headquartered in London and has offices in New York, Tel Aviv, Budapest, Warsaw, Riga, Nicosia, Barcelona, and Zurich.

Founded in 2018 by Itzik Lavi, Eli Lavi, and Guy Attar, GEOX developed a platform that utilizes artificial intelligence to perform detailed 3D analyses of aerial imagery. The system generates data-rich 3D insights that include critical details about properties, such as location, roof size, type, condition, and slope. GEOX works with international organizations like the United Nations and the World Bank.

Funding Details

Company: GEOX

Raised: $19.0

Round: Series A

Funding Date: September 2024

Lead Investor: Flashpoint Venture Capital

Additional Investors: Suretech Partnership, Ariel Maislos, Noam Lanir

Company Website: https://geox-group.com/

Software Category: Real Estate Risk Analysis