Nearmap completes asset purchase agreement for Tensorflight
Oct 2024
Location intelligence leader Nearmap acquires technology and assets from Tensorflight
Oct 2024
)
SALT LAKE CITY, UT October 14, 2024 — Nearmap, a global leader in location intelligence solutions, has completed an asset purchase agreement with Tensorflight, an AI-powered platform that uses artificial intelligence (AI) and machine learning (ML) to help P&C insurers predict potential risks and reduce overall costs. Nearmap has agreed to acquire the assets of the Tensorflight business and work with existing customers to understand how best to serve their needs now and in the future.
This asset acquisition marks another milestone in the evolution of the Nearmap for Insurance growth story—as it comes less than a year after the company announced its acquisition of Betterview, a well-established property intelligence and risk management platform. The investment demonstrates the growing Nearmap commitment to the insurance industry and the company’s mission to deliver the most advanced property intelligence solutions to insurance customers.
This asset acquisition marks another milestone in the evolution of the Nearmap for Insurance growth story—as it comes less than a year after the company announced its acquisition of Betterview, a well-established property intelligence and risk management platform. The investment demonstrates the growing Nearmap commitment to the insurance industry and the company’s mission to deliver the most advanced property intelligence solutions to insurance customers.