In a huge drone industry based deal Salesforce Ventures and Kespry will jointly work to enhance end-to-end digital experience for insurance clients and their customers by delivering accurate risk and damage assessment, loss adjustment expense reduction, and rapid claims payouts. The terms of the investment are undisclosed.
Kespry offers industrial users a subscription-based drone service and Salesforce is the fastest growing top five enterprise software company and the #1 CRM providers globally.
Kespry announced having raised funding from Salesforce Ventures, marking that firm’s first hardware investment. Salesforce and Kespry are also partnering around bringing Kespry’s drone services for the insurance industry to Salesforce’s own tools for this vertical.
Speaking about the increasing demand for Kespry’s drone solutions extending to a variety of industry sectors, George Mathew, CEO and Chairman, Kespry said, “Kespry is pleased to be extending our claims management solution to complement Salesforce’s industry-leading financial services solution. Providing sensor-based aerial insights as a cloud service aligns perfectly with Salesforce’s mission and approach. We’re also enabling people with AI-augmented tools in other industrial sectors, including mining, aggregates and construction. This new funding will enable us to further accelerate our innovation into those sectors as well.”
Kespry is now used by more than 210 of America’s mining and aggregates firms, including 43 new companies in the last 12 months. Additionally XAP 360, the leading commercial property assessment and inspection company, has standardized on Kespry across its operations. Recently, Kespry also launched a new enterprise relationship with DJI to further expand its drone portfolio.
With focus on its AI-augmented insurance claims management capabilities which complement Salesforce Financial Services Cloud, Salesforce Ventures- the company’s corporate investment group has invested in Kespry to augment its rising growth graph further. Salesforce Venture invests in the next generation of enterprise technology that extends the power of the Salesforce Customer Success Platform, helping companies connect with their customers in entirely new ways.
Kespry enables it’s clients to capture, analyze and share critical analytics about their businesses with a complete drone-based solution. Customized for industrial use yet simple for any user to operate, Kespry’s fully-integrated, cloud-enabled platform is a critical part of the everyday operations of hundreds of companies across North America, Europe, and Australia. Kespry is now engaged by some of the largest insurance companies in the U.S. to resolve residential and commercial roof claims in as little as an hour. Kespry not only helps reduce policy risk but also drives preventative maintenance for commercial property inspections, while improving underwriting processes.
For damage assessment and estimation a Kespry package comprises a fully-autonomous drone, cloud data processing and analytics, and rapid integration into the client organizations’ existing workflows. It is offered on a “drone-as-a-service” basis, with insurance, mining and aggregates, construction, and pulp and paper companies purchasing yearly drone, software, and services packages.
Kespry has also committed to participate in Salesforce’s Pledge 1% program and contribute 1% of its employees’ time to corporate social responsibility and charitable endeavors.
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