Full-Time
Backend Developer
Posted on 6/27/2024
Honeycomb Insurance
51-200 employees
Real estate insurance for property management
Compensation Overview
$140k - $170k/yr
Chicago, IL, USA
In Person
| đź’»Software Engineering (1) |
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- 4+ years (mid-level) working with Nodejs.
- 2+ years working on NoSQL like MongoDB.
- B.Sc in Computer Science/ Software engineering or equivalent filed
- Independent but knows how to be professionally dominant in a team.
- Take ownership of backend features working in an agile environment to deliver high-quality solutions.
- Architect and build core micro-services, laying the foundation for our product and internal platforms.
- Collaborate with product managers, and other developers to understand requirements and translate them into technical specifications.
- Continuously explore and evaluate new technologies and tools to improve efficiency and enhance the capabilities of our systems.
- Working with Kubernetes and Docker deployment
- Experience with Firebase Services like Functions, Storage and Authentication
- Python
Honeycomb Insurance provides a streamlined and transparent approach to real estate insurance, catering to condo associations, homeowners associations (HOAs), building owners, property managers, and developers. The company acts as a general agent for affiliated insurance companies and is licensed to offer property and casualty insurance across various states in the U.S. Honeycomb utilizes advanced technology to deliver instant quotes and significant cost savings—up to 40%—to its clients. By combining proprietary technology with expert advice, it ensures clients receive optimal coverage at affordable prices. Unlike many competitors, Honeycomb focuses on a people-oriented, tech-driven model that simplifies the insurance process. The company's goal is to enhance the efficiency of real estate insurance, making it more accessible and tailored to the needs of its diverse clientele.
Company Size
51-200
Company Stage
Series B
Total Funding
$54.7M
Headquarters
Chicago, Illinois
Founded
2019
Simplify's Take
What believers are saying
- Recent $36M Series B funding supports expansion and AI innovation.
- Operating in 16 states, Honeycomb plans to triple insured assets next year.
- AI-driven underwriting reduces costs and improves risk assessment accuracy.
What critics are saying
- Increased competition from other AI-driven insurtech firms could erode market share.
- Regulatory challenges may arise as Honeycomb expands into new states.
- Cybersecurity threats could compromise Honeycomb's technology and client data.
What makes Honeycomb Insurance unique
- Honeycomb offers instant online condo building master policies, a unique market proposition.
- The company uses AI to bypass traditional property inspections, enhancing efficiency.
- Honeycomb's tech-driven model provides up to 40% cost savings for clients.
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Benefits
Health Insurance
Stock Options
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 24%2 year growth
↑ 24%Honeycomb Insurance launches instant eligibility program AQ.
Honeycomb, a digital insurer based in Chicago, has secured $36M in a Series B funding round led by Zeev Ventures. Participants included Arkin Holdings, Launchbay Capital, and existing investors. The funds will be used to expand into new insurance markets and enhance AI-driven insurance solutions. Honeycomb, currently operating in 16 U.S. states and insuring over $21 billion in real estate assets, plans to triple this figure in the next year.
Honeycomb Insurance, an Israeli insurance startup founded in 2019 and headquartered in San Francisco, has raised $36 million in a Series B funding round. The round was led by Zeev Ventures, with participation from Arkin Holdings, Launchbay Capital, Ibex Investors, Phoenix Insurance, and IT-Farm. This brings Honeycomb's total funding to $55 million. The company, which offers coverage for landlords and various housing associations, operates in sixteen states in partnership with Accredited Surety and Casualty Company.
Backed by Zeev Ventures, the fast-growing digital landlord insurance provider will use funding to expand into additional insurance markets and accelerate innovation of AI-powered insurance solutions
Honeycomb Insurance, founded by Itai Ben-Zaken after his first startup failed, secured a $36M Series B led by Zeev Ventures. The company, which started in 2019, offers property and casualty insurance using AI-driven technology for inspections. After raising $15M in Series A in early 2022, Honeycomb is projected to sell $130M in insurance premiums by 2024.