As first unveiled on TechCrunch, Honeycomb Insurance, which covers ~60% of the U.S. market and insures more than $21 billion worth of real estate assets, has raised $36M in a Series B round to deepen its AI-driven tech advantage.

In a market valued at a staggering $34 billion in the U.S. alone, Honeycomb’s AI platform isn’t just about cutting underwriting costs. It is now taking on bigger challenges like detecting insurance fraud. They are doing this with a mix of AI and other tech tools, paving the way for smarter solutions in an industry ripe for innovation.

Itai Ben-Zaken, co-founder and CEO of Honeycomb, added, “Our goal is to make Honeycomb a one-stop shop for everything related to commercial real estate insurance in the U.S.”