Skywatch Technologies Ltd.
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Skywatch Technologies Ltd. - overview
Established
2016
Location
Palo Alto, CA, US
Primary Industry
Software
About
Skywatch Technologies Ltd. is an innovative firm specializing in tailored insurance solutions specifically designed for the aviation and commercial drone sectors, enhancing operational risk management for its clients. Skywatch Technologies Ltd. provides insurance solutions tailored for the aviation and drone industries.
Founded in 2016 in Palo Alto, US, by Mohammed Kamel, Ori Blumenthal, and Tomer Kashi, it completed its most recent funding round, a Series B, in October 2021, raising USD 15. 00 mn. The company has executed 5 deals, primarily targeting insurance for individual pilots and drone operators. Tomer Kashi serves as the CEO.
SkyWatch Insurance Services, Inc. offers specialized insurance products for the aviation and commercial drone sectors, including drone insurance, aircraft owner insurance, and aircraft renter insurance. Their flexible drone insurance allows clients to purchase coverage for specific time frames—daily, weekly, or monthly—catering to a diverse clientele, including individual pilots and production companies. Operating across North America, including the United States and Canada, SkyWatch ensures compliance with local regulations.
SkyWatch generates revenue through direct sales of insurance policies, utilizing structured pricing plans that reflect the specific needs of its clients. The primary transaction model consists of one-time premiums for individual policies, allowing clients to select coverage duration options for both drone operators and aircraft owners. This straightforward approach enables clients to receive instant quotes and secure necessary insurance coverage efficiently. In October 2021, Skywatch Technologies Ltd.
raised USD 15. 00 mn in Series B funding, co-led by JAL Ventures and UP. Partners, with participation from ICON Continuity Fund, Arbor Ventures, F2 Capital, and Verizon Ventures. The company intends to utilize this funding to expand its usage-based insurance model into additional mobility verticals, broadening market reach and enhancing service offerings.
Current Investors
Kaedan Capital Group, Verizon Ventures, F2 Venture Capital
Primary Industry
Software
Sub Industries
Insurance, Analytics & Performance Software
Website
www.skywatch.ai
Verticals
Mobile Apps, Robotics
Company Stage
Series B
Total Amount Raised
Subscriber access only
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