Overview

Archipelago operates a data network tailored for insurance brokers and property customers, focusing on enhancing the property risk market. The platform provides accurate and validated data, allowing insurers to easily access and verify information, which helps them stand out in a competitive market. By moving away from traditional spreadsheets, Archipelago improves the accuracy and efficiency of risk management processes for its clients, which include insurance brokers and property owners. The company generates revenue through a subscription model, where clients pay for access to its data enrichment services. Archipelago has received recognition for its approach, including the Best in Show award at RIMS RISKWORLD, and aims to streamline processes for clients, resulting in better interactions with underwriters and improved insurance outcomes.

Simplify's Take

What believers are saying

• Integration of IoT devices enhances risk assessment accuracy for Archipelago.
• Parametric insurance models align with Archipelago's data-driven approach.
• Demand for ESG data offers expansion opportunities for Archipelago's services.

What critics are saying

• Emerging AI-driven platforms could dilute Archipelago's market share.
• Rapid AI advancements require continuous R&D investment from Archipelago.
• Stricter data protection laws may impact Archipelago's data collection capabilities.

What makes Archipelago unique

• Archipelago offers real-time visibility into commercial property risk management.
• The platform provides validated data, moving away from traditional spreadsheets.
• Archipelago's subscription model offers data enrichment services for insurance brokers and property owners.

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Funding

Total Funding

$55.5M

Above

Industry Average

Funded Over

3 Rounds

$34,000,000

Series B

Apr 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$34M

$45M

$65M

$100M

View all funding stages