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Flyreel
AI-powered property inspection platform that helps insurers remotely assess risks of homes and businesses via smartphone-guided scans, now part of LexisNexis
About Flyreel
Flyreel, founded in 2016 by Cole Winans, developed an artificial intelligence platform for property insurance. In 2021, the company was acquired by LexisNexis Risk Solutions, a global data and analytics provider. Cole Winans, with a background in building technology systems, now serves as a Vice President at LexisNexis Risk Solutions, continuing to lead the product he created.
Read full description
The company's core offering is a platform that enables policyholders to conduct their own property inspections using a smartphone. The technology guides users through the process of capturing images and videos of their property, both interior and exterior. Flyreel's AI then analyzes this data to identify property features, risks, and potential hazards. This information is delivered to insurance carriers in the form of detailed reports and data feeds.
The platform is designed for insurance carriers to improve their underwriting and claims processes. By using Flyreel, carriers can obtain detailed and accurate data about a property without the need for an in-person inspection, which can be costly and time-consuming. The business model is based on providing this technology as a service to insurance companies. The platform helps carriers to more accurately price policies, manage risk, and streamline claims.
At a glance
- Status
- Acquired
- Founded
- 2013
- Headquarters
- Denver, United States
- Employees
- 12
- Open positions
- None listed
- Dealroom signal
- 68.5/100
- Industry
- Fintech
- Sub-industry
- Insurance
- Sector
- Fintech, Core AI, Insurtech Underwriting, Insurtech Claim, House and Property Insurance, PandC Insurance, Commercial Insurance
- Technology
- Artificial Intelligence, Deep Tech, Machine Learning, Computer Vision
- Business model
- SaaS
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jun 2022 | $0 | — | LexisNexis | ↗ |
| SERIES A✓Equity / VC | Nov 2020 | $10M | $40M | State Auto Labs · IA Capital Group · DONAN · Guidewire Software | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Flyreel is 1.3K monthly website visits, up 30% over the last three months. Flyreel's team declined 7.7% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Gradient Ventures
DONAN
State Auto Labs
Series A2 investors entered at this stage
IA Capital Group
Guidewire Software
Other known investors5 additional known investors
LexisNexis
Crystal Venture Partners
Rev1 Ventures
Service Provider Capital
Three Tree Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Flyreel on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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