VOOM Insurance

Company Overview

Snapshot

Founded in October 2016 by Tomer Kashi and Ori Blumenthal, VOOM Insurance operates with 11–50 employees. The company has raised $22 million across 4 funding rounds from 8 investors. In October 2021, VOOM secured a B Round of funding, with JAL Ventures participating as a lead investor.

Business overview

VOOM Insurance provides an on-demand, telematics-based insurance technology platform for specialized mobility products, designed to protect users across various high-risk, episodic-usage mobility verticals. Its data-driven, usage-based insurance products cater to segments including eScooters, eBikes, powersports, motor boats, and small planes. The company's initial product, SkyWatch.AI, utilizes machine learning for risk assessment and mitigation, offering on-demand insurance for drone pilots in the United States. VOOM operates within the Fintech & Insurtech sector, serving consumers and businesses with its innovative insurance solutions.

Strategic signal

In May 2021, VOOM was recognized as a Cool Vendor in Gartner's 2021 Cool Vendors in Insurance report. This recognition highlights the company's innovative approach and potential disruption within the insurance industry, signaling to investors its strong market validation and forward-thinking technology in specialized mobility insurance.

Company Intelligence Q&A

What is VOOM Insurance's primary business?

VOOM Insurance offers an on-demand, telematics-based insurance technology platform for specialized mobility products, providing usage-based insurance for various high-risk mobility verticals such as eScooters, eBikes, powersports, motor boats, and small planes.

When was VOOM Insurance founded and by whom?

VOOM Insurance was founded in October 2016 by co-founders Tomer Kashi and Ori Blumenthal.

What was a significant recognition VOOM Insurance received?

In May 2021, VOOM was recognized as a Cool Vendor in Gartner's 2021 Cool Vendors in Insurance report, highlighting its innovative solutions in the insurance sector.

What was VOOM Insurance's most recent funding round?

In October 2021, VOOM Insurance secured a B Round of funding, with JAL Ventures and ICON Continuity Fund participating.

What is SkyWatch.AI?

SkyWatch.AI is VOOM Insurance's first product, which leverages machine learning to assess and mitigate risks, providing on-demand insurance for drone pilots operating across the United States.