Friday, May 14, 2021

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Archipelago: Raises $34M in Series B Funding

  • Archipelago, a San Francisco, CA-based AI-driven technology and data analytics company focused on commercial property risks, raised $34M in Series B funding
  • The round was led by Scale Venture Partners, with participation from earlier investors Canaan Partners, Ignition Partners, and Zigg Capital
  • Principals from Stone Point Capital, and Prologis Ventures, also participated in the round
  • The company intends to use the funds to further build out new product capabilities and scale the team, including investment in engineering, data science, and customer-facing teams
  • Plans are also underway to globalize and expand the focus beyond property owners and insurers in North America
  • Archipelago provides a platform for commercial property owners and managers like Prologis, JLL, Alexandria to use AI and data to manage their risks and improve their insurance outcomes

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