GEOSITE
Geospatial intelligence platform for property and casualty insurance underwriting and claims
Overview
Geosite was a geospatial intelligence software company founded in 2018 by Rachel Olney (Stanford Ph.D., Forbes 30-Under-30) to serve the property and casualty insurance industry. The company built a SaaS platform that aggregated, visualized, and analyzed geospatial data from over 28 providers -- including satellites, drones, aircraft, and stratospheric balloons -- to help insurers make more accurate underwriting, reserving, and claims decisions.
Backed by Y Combinator, Lavrock Ventures, NextGen Venture Partners, Bee Partners, MS&AD Ventures, and QBE Ventures, Geosite developed enterprise GIS solutions for commercial property insurance. The platform enabled insurers to achieve precise location accuracy through multi-geocoder fusion and to quantify natural catastrophe exposure at the portfolio level.
In April 2024, Descartes Labs acquired all of Geosite operating assets, with founder Rachel Olney continuing to lead the insurance technology business within Descartes Labs. By the time of acquisition, Geosite had grown to 182 customers and USD 3.1M in annual revenue.
Products & Services
Bedrock
Geosite's geospatial engine API aggregates property risk intelligence from 28 data providers to deliver comprehensive location data for insurance decisioning.
Key Features
- Precise location accuracy through multi-geocoder fusion
- Building footprint identification from ultra-high-resolution imagery
- Real-time ground truth data integration with policy and claims systems
- Predictive loss analysis based on event type and construction materials
Target Users: Underwriting teams, catastrophe risk managers, claims operations
Ascend
Visualization and analytics platform that aggregates geospatial data layers to support portfolio risk management and claims resolution.
Key Features
- Natural disaster and catastrophe event risk quantification
- Portfolio-level NatCat exposure management
- Claims assessment and resolution workflows
- Multi-source data integration and analysis
Target Users: P&C carriers, reinsurers, catastrophe risk analysts
At a Glance
- Founded
- 2018
- Headquarters
- Palo Alto, California
- Employees
- 11-50
- Funding
- Acquired
Category & Focus
- Category
- Data & Analytics
- Subcategories
- Geospatial Data Property Risk Analytics NatCat Modeling
- Insurance Verticals
- P&C Commercial Reinsurance
- Target Customers
- Carriers, Reinsurers
Customers
- QBE Insurance (strategic investor and customer reference)
- MS&AD Insurance Group (investor and partner)
Links
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Last updated: 2026-04-10