Verdex
Verdex is a Y Combinator-backed San Francisco startup that sells a subscription-based remote verification platform to enterprise insurance carriers, using satellite imagery and site-condition data to support underwriting and claims decisions across Crop, Property, and Energy lines.
- Company typePrivate
- Founded2024
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Verdex firmographics
Firmographics- Name
- Verdex
- Legal name
- Verdex
- Website
- https://verdexai.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Verdex is a Y Combinator-backed San Francisco startup that sells a subscription-based remote verification platform to enterprise insurance carriers, using satellite imagery and site-condition data to support underwriting and claims decisions across Crop, Property, and Energy lines.
- Ownership category
- akta.pro rank
Where Verdex is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Markets served
Verdex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Insurance Verification Platform: Subscription-based access to remote verification and monitoring services for insurance carriers, enabling faster claims and underwriting decisions without sacrificing defensibility.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Verdex product offering
Product offeringCore offering
Verdex provides a subscription software platform that uses satellite imagery and remote sensing data to verify site conditions and monitor insured assets in real time. The platform serves insurance carriers' underwriting and claims teams across crop, property, and energy verticals, replacing manual inspections with continuous, objective time-series risk data.
Differentiator
Problem solved
Functional benefit
Products and services
- Verdex Remote Verification Platform A subscription software platform that uses satellite imagery and geospatial data to verify site conditions and continuously monitor insured assets in real time. It serves insurance carriers' underwriting and claims departments across crop, property, and energy insurance, providing objective time-series records and vertical-specific intelligence to replace manual inspections.
Quantifiable outcome
- Enables faster claims and underwriting decisions without sacrificing defensibility
Companies that use Verdex
Customer profileSegments3 records
Ideal customer profiles3 records
Verdex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Verdex partnerships and signals
Strategic signalScale indicators1 record
Verdex competitors and assessment
Company assessmentDirect peers
- Taranis: Taranis provides aerial imagery and AI-driven crop intelligence for agriculture insurers and growers. Directly comparable to Verdex in the Crop insurance vertical, monitoring field conditions, acreage, and soil/moisture-related factors for underwriting and loss verification.
- Betterview: Betterview combines drone, aerial, and satellite imagery with AI for property risk monitoring for insurance carriers. Highly comparable to Verdex in remote site verification for property insurance underwriting and roof condition assessment.
- Nearmap: Nearmap provides high-resolution aerial imagery and location intelligence used by insurance carriers for property assessment. Overlaps with Verdex in supplying remote-sourced imagery intelligence for property underwriting and claims workflows, with a stronger owned-imagery moat.
- Cape Analytics: Cape Analytics applies aerial imagery and computer vision to property intelligence for insurance carriers, directly competing with Verdex in property underwriting and roof/structural assessment. Both sell verified remote visibility into site conditions to insurance underwriters and claims teams.
- Arturo: Arturo is an AI property intelligence platform using aerial and satellite imagery for insurance carriers, with deep overlap to Verdex in property risk assessment and claims. Both target the same insurance customer base with remote-sourced, structured property data.
Emerging players
- DroneDeploy: DroneDeploy provides drone and aerial imagery capture and analytics across construction, agriculture, and energy. Comparable to Verdex in capturing and analyzing site imagery for asset condition monitoring, though it sells more broadly to construction/energy than to insurance carriers specifically.
- Descartes Labs: Descartes Labs is a geospatial analytics platform applying satellite imagery to agriculture, energy, and other verticals. Comparable to Verdex in using satellite imagery for crop and energy asset monitoring, and an adjacent emerging player in insurance-relevant analytics.
Broad incumbents
- Lemonade: Lemonade is a large InsurTech carrier using digital and data-driven underwriting across property and adjacent lines. Comparable as an InsurTech incumbent that could either become a customer of remote-verification platforms or build in-house alternatives.
Others
- SkyWatch: SkyWatch provides a marketplace and API for satellite imagery and earth observation data. Comparable to Verdex as part of the satellite-data-to-applications ecosystem, useful for understanding distribution channels for remote-sensing analytics.
- Planet Labs: Planet Labs operates a large constellation of earth observation satellites and sells imagery and analytics feeds. Comparable to Verdex as an upstream satellite data source — and a potential imagery supplier or competitor moving downstream into insurance analytics.
Market position
Customer concentration
Verdex social profiles
Digital presenceVerdex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verdex leadership team
Management profileNumber of profiles
Verdex funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verdex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verdex
What does Verdex do?
Verdex provides a subscription software platform that uses satellite imagery and remote sensing data to verify site conditions and monitor insured assets in real time. The platform serves insurance carriers' underwriting and claims teams across crop, property, and energy verticals, replacing manual inspections with continuous, objective time-series risk data.
Is Verdex a public or private company?
Verdex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Verdex founded?
Verdex was founded in 2024. It employs 1 to 10 people.
Where is Verdex based?
Verdex is headquartered in San Francisco, United States, in the North America region.
How does Verdex make money?
One revenue line is on record: insurance Verification Platform.
Who are Verdex's main competitors?
Direct peers on record are Taranis, Betterview, Nearmap, Cape Analytics and Arturo. Emerging players are DroneDeploy and Descartes Labs. Lemonade is listed as a broad incumbent. Others are SkyWatch and Planet Labs.
Does Verdex have an API?
No public API is recorded for Verdex.