Exclusive: Stand raises $70 million at $1 billion valuation to price wildfire risk in a new way

Fortune · 4

Stand announced a $70 million Series C funding round and unveiled its digital-twin approach to pricing wildfire and hurricane risk per specific home rather than by zip code. The new round values the company at $1 billion. Stand says the software now underwrites more than $10 billion of property, after claiming improved simulation accuracy that leads to property-specific mitigation recommendations and faster quoting.