Stand raises $70 million, reaching $1 billion valuation
BA Boeing Co
$184.66 -0.98%
View chart & analysis → - 1Stand secured $70 million through a Series C funding round led by Saga Ventures.
- 2Stand's insured asset value has grown from $1 billion a year ago to over $10 billion currently.
- 3Stand's model predicted fire survivability for approximately 310 California homes with about 85% probability.
So what's the key point?
Stand raised $70 million through new investment. The value of the homes covered by its insurance has grown to over $10 billion, increasing the company's value.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.