Stand, a San Francisco home insurer that models the disaster risk of individual houses, has raised $70m in a Series C round at a $1bn valuation. The round was announced on 15 October 2026 and led by Saga Ventures.
Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe and Jackson Square Ventures also took part, along with other investors who were not named. Reinsurance News reported that the round takes Stand's total funding to $130m.
The raise comes about a year after the company's Series B, and Stand said the amount of property it insures has grown tenfold over that period, from $1bn to more than $10bn.
“Disasters follow the laws of physics, and insurance should too.”Dan Preston, Co-founder and CEO, Stand
What Stand does
Stand prices homes one by one rather than by postcode. According to Fortune, it builds a digital model of each property using details such as the structure, nearby trees and brush, wind and local weather, and then runs physics simulations of wildfires and tropical cyclones against it. The company calls the AI system behind these simulations the Stand World Model.
The output is a list of changes an owner can make, such as removing a particular tree, along with what each change does to the premium. Reinsurance News reported that homeowners who make the recommended upgrades can qualify for premium reductions of up to 70%. Fortune cited one example in which removing a single tree cut more than $1,100 a year from a premium.
Stand sells through insurance brokers. Its California policies are written by Concert Specialty Insurance Company and its Florida policies by Stand Insurance Exchange, with reinsurance from Arch, RenaissanceRe, Hannover, Nephila and Hiscox, according to Fortune.
The company also reported its own model results, which Fortune said it had not independently verified: in a blind backtest on about 310 California homes that had been through wildfires, including the Palisades Fire, Stand said its model predicted whether a home burned or survived with about 85% accuracy.
Who is behind it
Stand was started in 2024 by chief executive Dan Preston, the former CEO of car insurer Metromile, and chief product officer Jason Mueller, who previously led product at Policygenius. Its chief science officer, Matt DiStefano, worked in aerospace, including at Boeing and SpaceX. Fortune put the product and engineering team and the applied science team at about 10 people each.
Alongside the round, Stand hired two executives. Drew Saad, previously chief underwriting officer at PURE Insurance, joins as president of property and casualty, and Tony Landi, formerly head of strategic growth at Nephila, becomes chief financial officer.
"Disasters follow the laws of physics, and insurance should too," Preston said.
What the money is for
Stand said it will use the funding to develop its technology and grow its insurance business. It currently operates in California, where it covers wildfire risk, and in Florida, where it covers hurricanes.
Fortune reported that the company plans to expand across wildfire-prone parts of the American West and the Southeast, and later into regions exposed to severe convective storms, freezes and floods.
The funding so far
Stand raised a $35m Series B led by Eclipse in October 2025, which Coverager said funded its expansion into Florida. With the new round, the company has raised $130m in total, according to Reinsurance News.
Eclipse, which led that earlier round, also invested again in the Series C. Stand has not disclosed revenue or premium figures, but Fortune reported that the business is growing by about 15% a month.
Company website: standinsurance.com