Shepherd Rounds Up $32 Million Series B

<p><strong><span class&equals;"legendSpanClass">SAN FRANCISCO <&sol;span><&sol;strong>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4647663-1&amp&semi;h&equals;1835955961&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fshepherdinsurance&period;com&percnt;2F&amp&semi;a&equals;Shepherd" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Shepherd<&sol;a>&comma; an AI-native commercial insurance platform&comma; has scored a &dollar;42 million Series B round led by Intact Private Capital&comma; with participation from Spark Capital&comma; Costanoa Ventures and additional investors&period; The raise brings Shepherd&&num;8217&semi;s total funding to date to &dollar;67 million&period;<&sol;p>&NewLine;<p>Shepherd has grown revenue more than 7x over the past 24 months&comma; insuring over &dollar;400 billion in project value across more than 1&comma;500 policies for 600&plus; customers — including the physical infrastructure behind the most recognized names in AI&period; The company&&num;8217&semi;s clients include the leading AI labs&comma; chip manufacturers&comma; hyperscalers&comma; general contractors&comma; specialty builders&comma; and energy developers constructing the facilities that form the physical foundation of the AI economy&period;<&sol;p>&NewLine;<p>The race to build AI infrastructure is accelerating&period; Hyperscalers&comma; chip manufacturers&comma; and frontier AI labs are collectively deploying hundreds of billions of dollars into data center construction&comma; power generation&comma; and renewable energy projects&period; Every one of those projects has to be built and insured&period;<&sol;p>&NewLine;<p>But the traditional carrier model was not designed for this speed&period; Complex commercial construction projects&comma; the kind driving the AI buildout&comma; routinely wait weeks for a single quote&period; Brokers chase carriers through calls&comma; emails&comma; and resubmissions&period; Legacy carriers are compiling their analysis through multiple disconnected and outdated systems&comma; leading to longer wait times and inconsistent underwriting outcomes&period;<&sol;p>&NewLine;<p>Shepherd was built to solve this&period; Their AI performs the same workflows in seconds&comma; reducing underwriting feedback from weeks to hours&period;  The platform also integrates real-time data from construction technology partners — Procore&comma; Autodesk&comma; OpenSpace&comma; DroneDeploy&comma; Samsara and others — directly into underwriting&comma; pricing risk in a fraction of the time compared to traditional carriers&period; Where a typical carrier relies on a static application&comma; Shepherd sees the project as it actually is being delivered&colon; incident tracking&comma; quality inspection rates&comma; document management&comma; and jobsite conditions updated continuously&period; With these partnerships&comma; data&comma; and AI platform&comma; Shepherd can offer differentiated pricing for insureds through their unique Shepherd Savings program&period;<&sol;p>&NewLine;<p>Shepherd insures the physical infrastructure for leading AI and technology companies building frontier data centers&comma; semiconductor facilities&comma; and energy assets&period; They chose Shepherd not because other carriers could not cover them — AI infrastructure is a competitive market — but because Shepherd delivers faster&comma; more precise underwriting with less friction than anyone else in the market&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The AI race moved from the cloud to the construction site&comma;&&num;8221&semi; said Justin Levine&comma; CEO and Co-Founder of Shepherd&period; &&num;8220&semi;Every GPU cluster needs a building&period; Every building needs to be constructed&period; Every data center requires dedicated power&period; And the insurance market that is supposed to keep those projects moving has been operating the same way for decades&period; We built Shepherd because we believed the old approach to commercial underwriting needed to change fundamentally — not just get faster&comma; but get smarter&period; That is why the biggest names in AI infrastructure are choosing us&period;&&num;8221&semi;<&sol;p>&NewLine;