Yembo Secures $8.5 Million Series A Financing Round Led By Imagen Capital Partners
04/21/21, 12:25 PM
Location
san diegoMoney raised
$8.5 million
Round Type
series a
Yembo, the Artificial Intelligence (AI) enabled visual survey company that combines advanced deep learning, 3D computer vision, robotic algorithms with a scalable architecture today announced it has completed a $8.5 million Series A round of financing led by Imagen Capital Partners. The company will utilize the proceeds to further advance its efforts towards the moving and relocation sector, while also aggressively developing and leveraging current technology to support the insurance industry with specific focus towards interior claims processing and underwriting applications. Imagen Capital Partners General Partners Chris Barrow and John Polchin (both former EagleView Technology executives) will join Yembo's Board of Directors, serving alongside continuing director Steven R. Altman, former President and Vice Chairman of Qualcomm.
Company Info
Location
san diego, california, united states
Additional Info
Founded in 2016, Yembo was started by Siddharth (Sid) Mohan and Zach Rattner after spending over a decade at Qualcomm developing algorithms and software technologies that power 4G wireless and artificial intelligence (AI) on over a billion smartphones today. Yembo's mission is to combine advances in AI with a new generation of software services to deliver unparalleled visual survey technologies, resulting in streamlined operations and a higher quality experience for consumers - from beginning to end.