State Auto Labs

State Auto Labs Corp. is a venture capital firm established in 2017 and located in Columbus, Ohio. It focuses on seed and startup investments, primarily in the insurance sector, as well as in technology, data, distribution, and operational solutions. The firm aims to foster innovation within the insurance industry by connecting startups with financial resources, technological expertise, and industry professionals. State Auto Labs seeks to identify and invest in transformative technologies and solutions that have the potential to redefine the landscape of insurance and related fields.

Kim Garland

Managing Director

8 past transactions

Driver Technologies

Venture Round in 2023
Driver Technologies Inc. is a New York-based company that specializes in mobile application software focused on enhancing road safety. Founded in 2017, the company offers a hardware-free app that allows users to video record their trips while providing real-time alerts about potential hazards, such as the risk of colliding with other vehicles or pedestrians, lane drifting, and drowsiness. The app incorporates voice control features, facilitating safe access to entertainment, news, and navigation services without requiring physical interaction. Additionally, Driver Technologies aims to help users document their driving experiences, which can be useful for insurance purposes and improving overall safety on the road.

Cape Analytics

Series C in 2021
Cape Analytics, LLC is a technology company that specializes in an artificial intelligence-based geospatial imagery data platform designed for the insurance and reinsurance sectors in the United States. Founded in 2014 and based in Mountain View, California, the company employs deep learning and computer vision to provide instant property intelligence, allowing insurers and property stakeholders to obtain critical property attributes during the underwriting process. This platform offers the precision and detail typically associated with on-site inspections, but with the added benefits of speed and extensive coverage. By streamlining access to valuable property data, Cape Analytics enhances the efficiency of underwriting for real estate and insurance companies.

Flyreel

Series A in 2020
Flyreel, Inc. is a technology company that develops a platform to assist with property insurance underwriting. Based in Denver, Colorado, the company utilizes artificial intelligence and insurance-specific computer vision to guide users through self-service inspections and claims processes. The platform captures comprehensive data about properties, including risks, hazards, features, and materials, creating a detailed record for policyholders. By enabling insurance carriers to make data-driven underwriting and policy decisions, Flyreel aims to enhance underwriting efficiency, improve risk management, and increase customer satisfaction. Originally incorporated as MyFactals, Inc. in 2013, the company rebranded to Flyreel, Inc. in March 2018.

Flyreel

Seed Round in 2019
Flyreel, Inc. is a technology company that develops a platform to assist with property insurance underwriting. Based in Denver, Colorado, the company utilizes artificial intelligence and insurance-specific computer vision to guide users through self-service inspections and claims processes. The platform captures comprehensive data about properties, including risks, hazards, features, and materials, creating a detailed record for policyholders. By enabling insurance carriers to make data-driven underwriting and policy decisions, Flyreel aims to enhance underwriting efficiency, improve risk management, and increase customer satisfaction. Originally incorporated as MyFactals, Inc. in 2013, the company rebranded to Flyreel, Inc. in March 2018.

Snapsheet

Series E in 2019
Snapsheet is a cloud-native claims management software company that specializes in transforming the end-to-end claims process through digitization and intelligent automation. The company offers a comprehensive suite of services, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. By leveraging its technology-enabled appraisal services, Snapsheet enhances customer experience and increases organizational agility for its clients. The company is known for deploying one of the fastest digital auto insurance claims processes in the United States. As a trusted innovation partner, Snapsheet collaborates with over 100 clients, including major insurance carriers, third-party administrators, and disruptors in the insurtech and sharing economy sectors.

Flyreel

Seed Round in 2019
Flyreel, Inc. is a technology company that develops a platform to assist with property insurance underwriting. Based in Denver, Colorado, the company utilizes artificial intelligence and insurance-specific computer vision to guide users through self-service inspections and claims processes. The platform captures comprehensive data about properties, including risks, hazards, features, and materials, creating a detailed record for policyholders. By enabling insurance carriers to make data-driven underwriting and policy decisions, Flyreel aims to enhance underwriting efficiency, improve risk management, and increase customer satisfaction. Originally incorporated as MyFactals, Inc. in 2013, the company rebranded to Flyreel, Inc. in March 2018.

Cape Analytics

Series B in 2018
Cape Analytics, LLC is a technology company that specializes in an artificial intelligence-based geospatial imagery data platform designed for the insurance and reinsurance sectors in the United States. Founded in 2014 and based in Mountain View, California, the company employs deep learning and computer vision to provide instant property intelligence, allowing insurers and property stakeholders to obtain critical property attributes during the underwriting process. This platform offers the precision and detail typically associated with on-site inspections, but with the added benefits of speed and extensive coverage. By streamlining access to valuable property data, Cape Analytics enhances the efficiency of underwriting for real estate and insurance companies.

Matterport

Venture Round in 2018
Matterport is a spatial data company specializing in the digitization and indexing of the built environment. Its comprehensive 3D data platform enables users to create accurate and immersive digital twins of physical spaces. These digital representations can be utilized for various purposes, including design, development, operation, promotion, and analysis of environments. The company generates revenue primarily through subscription fees from customers who access its platform, along with income from licenses, services, and product sales. Matterport's innovative approach facilitates a deeper understanding of spaces, making it a valuable tool for industries such as real estate, architecture, and construction.
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