Stand Raises $70 Million at $1 Billion Valuation to Price Wildfire Risk with Home-Airplane Simulations

Startup uses digital twin technology to model homes as if they were in flight, assessing wildfire risk and insurance premiums.

Stand, a startup that uses digital twin technology, has raised $70 million in funding at a $1 billion valuation. The company's approach involves modeling homes as if they were in flight, using simulations to assess wildfire risk and insurance premiums. This innovative method allows for more accurate and personalized risk assessments, potentially reducing insurance costs for homeowners.