Startup

A Canadian technology company is using satellite images to build high-precision maps.

Pilot Co., which is owned by Berkshire Hathaway, agreed to take a stake in Kodiak Robotics Inc., a driverless truck startup.

Erie Strategic Ventures will primarily focus on early-stage North American-based companies.

Each startup receives $100,000 investment and works with gener8tor, Allianz Life and Securian Financial during the three-month program.

Global funding to startups fell 23% in the the second quarter from the first, to $108.5 billion, according to a recent report from CB Insights.

New products can help insurtechs stand out from the competition and boost profit margins. Successful distribution, though, requires a strategy.

The insurtech has launched technology that proactively detects and mitigates boating risks.

Several insurtechs considered or used special purpose acquisition companies, a method of going public, in 2020 and 2021, but the results have been lacking.

There were about 18 funding rounds, including Branch with $147M, Series C.

The next few years will determine the insurtech winners in an increasingly polarized competitive landscape.