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- OneClick Data Secures $7.2 Million Investment to Enhance Insurance and Construction Solutions
OneClick Data Secures $7.2 Million Investment to Enhance Insurance and Construction Solutions
Slice of Construction Team
October 17, 2024
Key Highlights:
$7.2 million funding round led by State Farm Ventures.
OneClick serves over 1,300 customers, including top 10 insurance providers.
Funds to expand product offerings and coverage across construction segments.
OneClick’s national building code database covers over 99% of US addresses.
Source: Globe Newswire
Notable Quotes:
“Today’s investment is a strong endorsement of our vision to become the industry standard for delivering fast and accurate building code requirements, permit requirements, and other critical inputs.”
"OneClick’s reports and data improve claim handling processes, boost adjuster productivity, and better refine project scope."
Our Take:
OneClick Data’s successful funding round underscores the growing demand for efficient, data-driven solutions in both the insurance and construction industries. By enhancing cost estimation accuracy and streamlining project workflows, OneClick is uniquely positioned to address critical challenges faced by both sectors. Their ability to maintain a comprehensive national database and update it in real-time makes them a valuable player, especially with the frequent changes in building codes. This latest investment, spearheaded by State Farm Ventures, not only reinforces the company’s innovative capabilities but also highlights its potential to drive significant improvements in claims processing and project estimations.