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Skywatch.ai
A data analytics platform that empowers drone operators and fleet managers to track their safety metrics and reduce flight risks
About Skywatch.ai
SkyWatch.ai operates as a specialized insurtech company focused on providing insurance solutions for the aviation industry, including drones and light aircraft. Founded in 2016 by Tomer Kashi and Ori Blumenthal, the company emerged from a project aimed at assessing drone flight risks in real-time. The founders, along with Ronny Ahituv, met in the Israeli Air Force Academy's "Talpiot" program and shared a passion for aeronautics, which steered them toward addressing the critical needs of safety and insurance in the burgeoning drone industry. Kashi, the CEO, is also a licensed commercial drone operator.
The company's business model centers on offering flexible, usage-based insurance policies. Revenue is generated through commissions from the sale of these insurance products. SkyWatch.ai provides a range of plans, including hourly, daily, weekly, monthly, and annual coverage, catering to commercial drone pilots, flight instructors, student pilots, and aircraft renters and owners. This flexible model allows clients to purchase coverage tailored to their specific flight schedules and operational needs. The firm is a licensed insurance broker in all 50 U.S. states and Canada. In October 2023, SkyWatch announced the acquisition of assets from DroneInsurance.com.
SkyWatch.ai's core product is a digital insurance platform that streamlines the process of obtaining coverage. For drone operators, the platform offers a mobile application that includes features like risk maps for pre-flight hazard assessment, real-time in-flight safety warnings, and post-flight analysis. A key feature is the proprietary "Safety Score," which analyzes a pilot's flight data and can lead to premium discounts of up to 50% for safer flying. For light aircraft, the company offers a fully digital platform for both owners and renters, providing an end-to-end quote and purchase experience. This is all powered by VOOM, an insurtech company that develops usage-based insurance products for various mobility sectors. The insurance policies are underwritten by established partners like Global Aerospace.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Tel Aviv-Yafo, Israel
- Employees
- 22
- Open positions
- 1
- Dealroom signal
- 72.7/100
- Industry
- Fintech
- Sub-industry
- Insurance
- Sector
- Fintech, Tracking, Fleet Management, Risk Management, Analytics
- Technology
- Artificial Intelligence, Big Data, Machine Learning, Computer Vision, Connected Device, IoT InternetOfThings
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Oct 2021 | $13M | $52M | Undisclosed | — |
| SERIES A✓Equity / VC | May 2019 | $5M | $20M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Skywatch.ai is 35K monthly website visits, up 6.1% over the last three months. Skywatch.ai's team grew 15.8% over the past year.
Open positions
Similar companies
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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.
Seed5 investors entered at this stage
Kaedan Capital
Verizon Ventures
Liberty Mutual Insurance
F2 Venture Capital
AXA
Other known investors3 additional known investors
Riyadh Techstars Accelerator
Startupbootcamp
Techstars
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Skywatch.ai 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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