SF-based home insurer Stand, which uses digital twins of homes to price wildfire risk and insures $10B+ of property, raised a $70M Series C at a $1B valuation (Nick Lichtenberg/Fortune)
Nick Lichtenberg / Fortune:
SF-based home insurer Stand, which uses digital twins of homes to price wildfire risk and insures $10B+ of property, raised a $70M Series C at a $1B valuation — Matt DiStefano shares his screen and rotates a gray 3D model of a California neighborhood. He zooms in on one house and overlays a heat map.