New partnership with Vexcel Data Program increases CAPE's
coverage to over 99% of U.S. households and adds access to
post-disaster imagery.
PALO
ALTO, Calif. and CENTENNIAL,
Colo., June 18, 2024 /PRNewswire/ -- Today,
CAPE Analytics, the leader in AI-powered property insights for
insurance and real estate risk, and Vexcel, the global leader in
aerial imaging, are announcing an expansive new partnership. The
new partnership provides CAPE with aerial imagery at a resolution,
accuracy, coverage, and recency to boost its property insights and
expand its product footprint in the
United States, Canada, and
Australia.
For the last decade, CAPE Analytics has pioneered predictive
property risk insights now relied upon by over 80 enterprise
clients, including most of the top 30 homeowners insurance carriers
in the U.S., and the largest investment banks in the world. CAPE
generates and instantly delivers 80+ powerful property analytics at
massive scale, with insights ranging from current roof condition,
roof age, and living area to hail and wildfire risk scores. These
insights allow insurance carriers, financial institutions, and home
and business owners to understand, manage, and mitigate
property-level risk with unprecedented granularity. CAPE's use of
Vexcel's high-resolution orthomosaic imagery furthers the company's
mission to provide clients with the most comprehensive, timely, and
reliable property risk analytics available anywhere.
Vexcel's aerial imagery library covers 99.6% of the U.S.
population and includes over 127 million households. The company
refreshes its aerial imagery in urban areas up to three times per
year in the U.S. In 2024, Vexcel is on track to capture 4.4 million
square kilometers in the U.S., refreshing imagery for 93% of the
U.S. population. Vexcel also regularly collects and updates aerial
imagery in urban areas of Canada,
Australia, and New Zealand. With such a vast imagery library,
the partnership will over time expand CAPE's geographic scope to
new states, like Hawaii, rural
areas in the U.S., and new countries, such as New Zealand. Within days of major weather
events impacting properties, CAPE will also provide clients with
options for accessing Vexcel's post-disaster Gray Sky imagery and
associated analytics from CAPE.
"CAPE Analytics' long-term partnership with Vexcel marks a
transformative step in enhancing our market-leading property
intelligence solutions. Powered by Vexcel's extensive imagery
coverage, CAPE will continue to deliver the most precise, reliable,
and up-to-date property risk analytics available," said
Ryan Kottenstette, CEO of CAPE
Analytics. "We look forward to this partnership bringing
significant value to insurance carriers and real estate
stakeholders."
"Over the past few years, we've significantly expanded our
aerial imagery programs in the U.S. and around the globe. We are
thrilled to announce our partnership with CAPE Analytics and look
forward to seeing how our best-in-class imagery will enable and
enhance their innovative property analytics across multiple
countries," said Erik Jorgensen, CEO of Vexcel.
Vexcel ensures high quality in its Data Program by managing
every pixel collected. This includes using its own market-leading
cameras, a dedicated fleet of aircraft, and a world-class imagery
processing pipeline. Its high-resolution imagery is consistent
across collection areas and is calibrated against ground control
points to achieve mapping-grade accuracy. These features and many
more make Vexcel's imagery highly optimized for AI and property
analysis.
About CAPE Analytics
CAPE Analytics provides AI-powered, geospatial property
intelligence for buildings across the
United States, Canada, and
Australia. CAPE enables
residential and commercial property stakeholders, including
insurance carriers and financial institutions, to access valuable
and predictive property insights and risk scores instantly. CAPE
property intelligence offers the accuracy and detail that typically
require an on-site inspection but with unparalleled immediacy and
coverage. Founded in 2014, CAPE Analytics is backed by leading
venture capital firms and insurers and is led by machine learning,
data infrastructure, and property risk experts.
Learn more at www.capeanalytics.com
About Vexcel
For over 30 years, Vexcel has been the industry leader in the
photogrammetric and remote sensing space, building market-leading
UltraCam sensors, and providing a comprehensive library of
cloud-based geospatial data. The Vexcel Data Program is the largest
and most accurate aerial imagery program in the world, collecting
high-resolution imagery and location intelligence in 40+ countries.
Its dedicated fleet of fixed-wing aircraft capture imagery in the
U.S., UK, Canada, Australia, New
Zealand, Japan, and across
Western Europe. Its comprehensive
aerial data library better informs and helps a variety of
industries, such as Government, Telecom, Utilities, Insurance, AEC,
Energy, Technology, HD Mapping, and more.
More at: www.vexceldata.com.
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SOURCE Vexcel Data Program