Stand Insurance was founded in 2024 by a team of Silicon Valley veterans including CEO Dan Preston (former CEO of Metromile), CPO Jason Mueller (former CPO of Policygenius), Sam Shank (former CEO of HotelTonight), and Bill Clerico (former CEO of WePay). Their mission is to insure the world's climate-impacted properties — particularly high-value homes in catastrophe-prone areas where traditional carriers have retreated, leaving many homes effectively uninsurable. Stand's approach is to use physics-driven AI to understand the true risk of a property and make it insurable.
The core technology builds a digital twin of each home and uses physics to simulate how extreme weather and disasters would impact it. Stand gathers remote-sensing data and homeowner-provided details — window materials, tree species in the yard, construction characteristics — then analyzes how wind, heat, embers, and other forces would contribute to potential damage. This lets Stand price risk far more precisely than conventional models and recommend specific resilience upgrades that fortify the property, lowering both the homeowner's risk and Stand's potential losses.
Stand focuses on homes valued between roughly $2 million and $10 million, a segment the company says lacks sufficient protection as carriers pull out of high-risk markets. It already provides policies covering about $1 billion worth of property in wildfire-exposed areas of California and is expanding into other catastrophe markets such as Florida, where hurricane and systemic catastrophe risk is severe. By combining underwriting with active property fortification, Stand aligns its incentives with keeping homes safe rather than simply pricing and exiting risky markets.
Stand raised approximately $35 million in a Series B funding round led by Eclipse, with participation from Lowercarbon Capital and Inspired Capital. An earlier round of about $30 million came from Inspired Capital, Lowercarbon, Equal Ventures, and Convective Capital. The capital funds expansion into new catastrophe-prone markets, growth of its physics-driven AI modeling, and scaling of its resilience and underwriting operations.