ResiQuant secured a $4 million seed funding round led by LDV Capital, with participation from Foothill Ventures, Pear VC, Alumni Ventures, and several strategic angel investors. This investment will drive advancements in catastrophe risk assessment for property insurers, introducing greater stability to markets impacted by climate volatility and seismic hazards.
Combining structural engineering expertise with advanced AI, ResiQuant's platform delivers detailed building-level insights often overlooked by traditional data sources. Specialized AI agents analyze site inspection photos, aerial imagery, and publicly available visuals to conduct comprehensive vulnerability assessments. These assessments pinpoint critical structural weaknesses that influence a building’s survival during disasters.
"Property carriers make billion-dollar exposure and capital allocation decisions with dangerously incomplete data," says Dr. Omar Issa, ResiQuant's CEO. "We're transforming this paradigm by delivering engineering-grade analysis that reveals hidden structural vulnerabilities in every building – helping carriers underwrite with confidence and maintain coverage precisely where others are forced to retreat." This technology arrives at a pivotal moment for the $200 billion U.S. property insurance market, where reinsurance costs have surged 50% since 2020, catastrophic losses hit $217 billion in 2024, and insurers are increasingly withdrawing coverage from high-risk regions.
ResiQuant’s methodology is informed by the hands-on experience of its founders. Dr. Issa, a second-generation structural engineer from the Bay Area, conducted earthquake research at UCLA under Professor Henry Burton, while Dr. Francisco Galvis, a structural and forensic engineer from earthquake-prone Colombia, focused on pre-Northridge steel frames in San Francisco buildings. Their collaboration began at Stanford University’s John A. Blume Earthquake Engineering Center in 2020, where a shared commitment to catastrophe modeling and engineering solutions laid the groundwork for ResiQuant’s innovations.
With expertise in post-disaster inspections, including assessments following the 2019 Ridgecrest Earthquake, 2022 Michoacan Earthquake, 2022 Hurricane Ian, and 2023 Kahramanmaras Earthquake, the founders developed a deep understanding of structural failures. "As the frequency and severity of earth and climate disasters intensify across the P&C industry, carriers must adopt more granular, engineering-driven approaches to assessing property risk," says Dr. Laurie Johnson, a leading disaster risk management expert and ResiQuant advisor. With a focus on earthquake risk assessment for commercial and residential properties, ResiQuant plans to expand coverage to include wildfires and windstorms, creating a comprehensive multi-hazard solution supported by the latest funding.