State Auto Labs brings together investment and insurance expertise to grow innovations that are reinventing the insurance industry.

In collaboration with Rev1 Ventures, State Auto Labs connects startups with capital, technologists and insurance industry experts. Our objective is to identify, become early adopters of and invest in transformative technologies and solutions.

Focus

Supporting our industry’s transformation by investing in – and serving as first customers for – disruptive startups in these areas:

Technologies

Innovations that connect, collect and communicate with people, vehicles, offices and homes including Internet of Things (IOT), sensors, telematics and wearables.

Distribution

Enabling technologies to enhance both traditional and emerging channels, as well as new models to improve customer service and value to policyholders.

Data

Data-driven innovations to improve analytics and decision making, such as machine learning and artificial intelligence, and tapping into new sources of data from our increasingly connected world.

Products/Operational Solutions

Improvements to anticipate the changing needs of our customers and tap into new markets such as the sharing economy, insurance on demand and the reinvention of claims.

Portfolio

MATTERPORT

The only all-in-one reality capture system that gives you realistic, interactive 3D and VR experiences that feel as real as being there.

CAPE ANALYTICS

The provider of the most accurate and up-to-date property data for insurers and reinsurers.

Authentic 4D

Fast and cost-effective method for carriers to perform Independent Medical Exams.

Flyreel

Improving customer experience with Flyreel’s AI-assisted underwriting and insurance-specific computer vision.

Snapsheet

Snapsheet reimagines and delivers a customer-first claims process with an intelligent, proprietary platform.

Team

Kim Garland

Managing Director
State Auto Labs

Haley Smith

Director
State Auto Labs

Tom Walker

CEO
Rev1 Ventures

Ryan Helon

EVP, Investment Funds
Rev1 Ventures

Wayne Embree

EVP, Investments & Venture Acceleration
Rev1 Ventures

Michael Kindrat-Pratt

Senior Director, State Auto Labs Fund
Rev1 Ventures

News

Matterport to acquire AI-driven production platform Arraiy

PR Newswire, July 10, 2019

Matterport names former Google executive Jay Remley as Chief Revenue Officer

PR Newswire, July 9, 2019

Fast 50 2019

Crain's Chicago Business, June 21, 2019

Company of the week: Snapsheet

PitchBook, May 24, 2019

State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months

Insurance Journal, May 24, 2019

State Auto Labs Moves the Insurance Innovation Needle in just 18 Months

Insurtech News, May 22, 2019

State Auto Labs Moves the Insurance Innovation Needle in just 18 Months

PR Web, May 22, 2019

Nationwide, State Auto Labs Invest In Virtual Claims Firm

Smart Business Dealmakers, May 20, 2019

Snapsheet Raises $29M as it Expands Beyond Auto Insurance

Chicago Inno, May 20, 2019

Check Out Royal Caribbean Rooms Through Virtual Tour

Travel Pulse, April 20, 2019

Google’s Gradient Ventures invests in AI insurance underwriting startup Flyreel

Venture Beat, April 11, 2019

Gradient Ventures Leads $3.85M Investment in Insurtech Flyreel

Coverager, April 11, 2019

3-D Images, Surveillance Cameras Touted as Truth-Tellers for Claims Adjusters

Claims Journal, March 6, 2019

Matterport raises $48M to ramp up its 3D imaging platform

TechCrunch, March 5, 2019

Matterport Appoints Design and Product Executives Amid Business Transformation

PR Newsire, February 19, 2019

How Cape Analytics is using AI and aerial imagery for home insurance inspections

Venture Beat, February 1, 2019

XL Innovate leads $17m financing for AI-driven Cape Analytics

Intelligent Insurer, June 25, 2018

Cape Analytics nabs $17 mln

PE Hub, June 21, 2018

Cape Analytics Raises $17M in Series B Funding

FINSMES, June 21, 2018

Cape Analytics raises $17 million to grow its AI and aerial imagery platform for insurance companies

VentureBeat, June 21, 2018

VR Scanning Company Matterport Gets New Investment

VR Focus, May 3, 2018

State Auto Venture Fund Backs 3-D Printing Startup

Insurance Journal, May 3, 2018

State Auto’s VC Investment Fund Starts With Matterport and Its 3-D Imaging Tech

Carrier Management, May 2, 2018

State Auto's Innovation Arm Makes First Investment

Columbus Dispatch, May 2, 2018

Matterport Receives Investment from State Auto Labs Fund

FINSMES, May 1, 2018

State Auto invests in tech firm Matterport

The Insurance Insider, May 1, 2018

State Auto Labs Fund Invests in Matterport

PR Newswire, May 1, 2018

Podcast: How State Auto found the right innovation balance

Digital Insurance, April 14, 2018

Insurtech Startup? Three Lessons from Insuretech Connect

Beyond the Pitch, October 5, 2017

State Auto Labs and Rev1 Ventures Launch $25M Insurtech Venture Capital Fund

FINSMES, September 28, 2017

Insurer launches $25 million fund to support innovation

Insurance Business, September 27, 2016

Another US insurer launches VC fund to target insurtech

Intelligent Insurer, September 27, 2017

State Auto launches $25 million venture fund for insurtech

Digital Insurance, September 26, 2017

State Auto to invest $25 million, work with Rev1 Ventures on insurance innovation

The Columbus Dispatch, September 26, 2017

Term Sheet — Tuesday, September 26

Fortune, September 26, 2017

State Auto in Ohio creates $25 mln corporate fund to invest in fintech, insurtech

PE Hub, September 26, 2017

State Auto creates $25 million VC fund to invest in financial and insurance technology

Columbus Business First, September 26, 2017

State Auto sets up InsurTech venture lab with $25mn

Insurance Insider, September 26, 2017

State Auto Labs Launches $25 Million Innovation Venture Fund

Insurance Journal, September 26, 2017

State Auto Financial Announces Personal, Commercial Lines Leadership Changes

Global Newswire, September 5, 2017
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