Salesforce Ventures, the corporate investment group of enterprise software company Salesforce, has invested in aerial intelligence company Kespry.
Based in Menlo Park, Calif., Kespry offers an integrated drone solution for businesses in North America, Europe and Australia, including John Deere, Hancock Claims Consultants, Catastrophe Response Unit, Fluor, Lehigh Hanson/Heidelberg and Colas USA.
Together, Salesforce and Kespry plan to enhance the end-to-end digital experience for insurance clients and their customers by delivering accurate risk and damage assessment, loss adjustment expense reduction, and rapid claims payouts. The terms of the investment have not been disclosed.
“Kespry is pleased to be extending our claims management solution to complement Salesforce’s industry-leading financial services solution,” says George Mathew, CEO and chairman of Kespry. “Providing sensor-based aerial insights as a cloud service aligns perfectly with Salesforce’s mission and approach. We’re also enabling people with AI-augmented tools in other industrial sectors, including mining, aggregates and construction. This new funding will enable us to further accelerate our innovation into those sectors, as well.”
Kespry has also committed to participate in Salesforce’s Pledge 1% program and contribute 1% of its employees’ time to corporate social responsibility and charitable endeavors.
“Kespry is delivering industry-focused solutions by providing advanced AI, analytics and autonomous drones that are easy to use and accessible to all,” adds Mathew. “We’re applying that technology to solve important challenges in capturing and analyzing data in industries that are significant users of Salesforce products – especially in the insurance industry, where our customers have led the way in integrating drone inspection data into their claims, risk and underwriting processes.”