Palo Alto, United States
VOOM Insurance, founded in 2016 and headquartered in the United States, is a leading InsurTech firm revolutionizing the insurance landscape with its innovative, usage-based solutions tailored for new mobility segments.
The company’s core service, encapsulated in the VOOM CORE, offers advanced risk analytics and a holistic policy administration platform, facilitating rapid development of data-driven insurance products. This approach empowers niche customer bases, spanning from drones to modern fleet insurance.
VOOM has secured strategic partnerships with insurance carriers across the US, Canada, and Europe, servicing tens of thousands of policyholders. Noteworthy products include SkyWatch, dominating the North American drone insurance market, and VOOM & RIDE, pioneering pay-per-mile motorcycle insurance.
The company achieved a significant funding milestone with a $15.00M Series A investment on 05 October 2021, backed by reputable investors such as Arbor Ventures, Verizon Ventures, and others, positioning VOOM for continued growth and innovation in the fast-evolving InsurTech space.
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