Shepherd
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Investors
Founders
About
Shepherd is an AI-native commercial insurance platform that insures the physical infrastructure for leading AI and technology companies building frontier data centers, semiconductor facilities, and energy assets 1. The company uses real-time construction data from partners including Procore, Autodesk, OpenSpace, DroneDeploy, and Samsara to dramatically speed up underwriting, reducing turnaround times from weeks to hours 1. Shepherd insures over $400 billion in project value across more than 1,500 policies for 600+ customers 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-03-24 | Series B | $42M | Intact Private Capital | Spark Capital, Costanoa Ventures 1 |
Total raised: $67M 1.
What Investors Say
“Shepherd’s AI-native approach to commercial risk processing is unlike anything in the industry.” — Justin Smith-Lorenzetti, Managing Director at Intact Private Capital 1
“Shepherd uses real operational data to assess risk in ways legacy carriers simply cannot.” — Mark Selcow, General Partner at Costanoa Ventures 1
What Founders Say
“The insurance market for construction has operated identically for decades — we fundamentally reimagined commercial underwriting.” — Justin Levine, CEO & Co-Founder 1
“We’re pursuing fully autonomous underwriting, enabling underwriters to oversee 200 accounts instead of 20.” — Mo Mahallawy, CTO & Co-Founder 1