The Buffalo-based company has its sights set on rapid growth.
As HelixIntel leaders jumped on a recent interview call with Series B, a bell rang faintly in the background several times. The company rings it every time a new customer signs up for its platform.
It’s a familiar noise these days. HelixIntel plans to double its revenue this year as it expands its relationships with major customers in the insurance industry and signs up new ones. The company recently released a flagship product, HelixPrevent, a companion to HelixCMMS.
Together, they give insurance companies something they’ve rarely had: visibility into risk before equipment breaks and the ability to address a problem before it becomes a claim.
“It’s taken five years and a lot of sleepless nights figuring out how to work in the highly regulated insurance ecosystem,” cofounder and CEO Jon DeWald said. “But we’re now accelerating into the space, signing up new customers while growing and expanding with our current customers.”
The company received early backing from Launch NY and Lauren DeLuca’s Motivate Ventures. DeWald is an Endeavor entrepreneur who last year passed their national selection panel.
HelixIntel was recently accepted into the NVIDIA Inception program, potentially deepening its “access to infrastructure, resources and a community of companies pushing AI forward in meaningful ways,” DeWald wrote in a company blog.
About half of HelixIntel’s employees work out of its office in Buffalo’s Larkinville neighborhood.
"What we built allows insurers to engage with and support their policyholders,” said Brian Sullivan, HelixIntel’s chief strategy officer. “It's a closer and more collaborative relationship between insurer and policyholder that ultimately decreases the likelihood of a claim."
