Hosta.ai’s $11.5 Million Series A Financing

Foley Hoag advised Hosta.ai on the deal.

New artificial intelligence property technology company Hosta.ai (“Hosta”) announced an $11.5 million Series A financing led by Eclipse Ventures, with participation from USAA, Brick & Mortar, Spider Capital, The Cincinnati Insurance Company, Motivate and Massive. Hosta plans to use the investment to bring their remote property assessment platform to insurers, contractors, and home improvement companies across North America.

Headquartered in Cambridge, MA, Hosta was established in 2020 to provide fast and accurate data about the built environment to businesses with remote and automated property assessments. The Hosta A.I. Assessment Platform uses patent-pending A.I. spatial and material analysis to automate property assessments from just a few simple photos.

The Foley Hoag team included Sara Mattern and Hemmie Chang (Picture).

Involved fees earner: Hemmie Chang – Foley Hoag LLP; Sara Mattern – Foley Hoag LLP;

Law Firms: Foley Hoag LLP;

Clients: Hosta.ai;

Martina Bellini

Author: Martina Bellini