Koop has raised $12.0M in total across 3 funding rounds.
Koop's investors include Calibrate Ventures, Costanoa Ventures, Foundry Group, March Capital, Outlier Ventures, RRE Ventures, Toyota Ventures, Ubiquity Ventures, Virta Ventures, WestRiver Group, WestWave Capital, Balaji Srinivasan.
Koop Technologies is a technology company that provides an AI-powered platform for compliance, security, and insurance services tailored to DeepTech startups and scaling companies. It supports standards like SOC 2, ISO 27001, HIPAA, and GDPR, while offering insurance products such as general liability, technology errors and omissions, cyber liability, and management liability, with a focus on machine-centric risks in sectors like robotics, autonomous vehicles (AVs), AI, aerospace, healthcare, energy, manufacturing, and fintech.[1][2][5] The platform automates up to 95% of compliance tasks via its AI agent Housekeeper, reduces costs by up to 50% compared to traditional methods, and serves startups through IPO-bound enterprises, enabling faster enterprise adoption and revenue growth through demonstrated trust and regulatory adherence.[2][5]
Originally centered on modular, API-powered insurance for autonomous vehicles, robotics, and emerging tech risks, Koop has evolved into a unified platform addressing broader compliance and security needs for high-growth DeepTech firms.[3][4][6]
Koop Technologies was founded in 2020 in Jersey City, New Jersey (with operations also noted in Pittsburgh, Pennsylvania), by a team of product builders, software developers, data scientists, risk engineers, and insurance professionals united by a mission to protect the world from new generations of machine-centric risks.[1][4][5][6] The founders emerged from diverse paths to tackle the complexities of insuring autonomous technologies, differentiating from traditional human-centric insurance models.[3][5]
Early traction included participation in the Lloyd's Lab Accelerator (Cohort 8, 2022), where Koop refined its claims processes, data-sharing API, and underwriting tech, leading to its first robotics insurance program, Singularity Package, as a Lloyd's coverholder just six months later.[6] The company has raised funding, including from Alley Robotics Ventures, to scale distribution of its insurance products and risk-control tools, achieving around $28 million in revenue with 11-100 employees and three funding rounds.[4]
Koop rides the surge in DeepTech innovation, where AI, robotics, AVs, biotech, and clean energy demand rigorous compliance and novel insurance to mitigate machine-driven risks amid regulatory pressures like SOC 2 and ISO standards.[1][2][5] Timing is ideal as enterprises prioritize trust signals for partnerships, with Koop accelerating deal cycles in regulated markets.[2]
Market forces favoring Koop include rising DeepTech funding, cybersecurity threats, and the shift to "Software 2.0" (AI agents/ML), creating demand for its API-integrable tools that enable global scaling without fragmented vendors.[4][5][6] It influences the ecosystem by lowering barriers for startups in mobility, defense, and manufacturing, fostering safer innovation and supporting insurtech evolution through programs like Lloyd's Lab.[6]
Koop is poised to expand its platform amid booming DeepTech adoption, potentially deepening AI automation and insurance for generative AI, edge robotics, and climate tech. Trends like stricter global regs (e.g., EU AI Act) and enterprise risk aversion will drive demand, evolving Koop's influence from niche insurtech to essential infrastructure for $100M+ scaleups. As machine risks proliferate, Koop's unified approach positions it to capture more market share, tying back to its core mission of safeguarding innovation one compliant, insured company at a time.[2][5]
Koop has raised $12.0M across 3 funding rounds. Most recently, it raised $4.0M Seed in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $4.0M Seed | Calibrate Ventures, Costanoa Ventures, Foundry Group, March Capital, Outlier Ventures, RRE Ventures, Toyota Ventures, Ubiquity Ventures, Virta Ventures, WestRiver Group, WestWave Capital, Balaji Srinivasan, Liu Jiang | |
| Aug 1, 2022 | $5.0M Seed | byFounders | |
| Aug 1, 2021 | $3.0M Seed | Calibrate Ventures, Costanoa Ventures, Foundry Group, March Capital, Outlier Ventures, RRE Ventures, Toyota Ventures, Ubiquity Ventures, Virta Ventures, WestRiver Group, WestWave Capital, Balaji Srinivasan, Liu Jiang |
