State Farm Ventures

As we continue to feature team members who have joined the Ventures team over the past few months, we’re proud to spotlight Ventures Analyst Kyle Wallace. Kyle joined the team in 2023 with a background in corporate finance and investments. He holds the CPA (Accounting) and CFA (Finance) designations in addition to an undergraduate degree from the University of Illinois. He is responsible for investment due diligence, investment committee reporting and building bridges between startups and internal business stakeholders. Kyle blends curiosity and passion for the State Farm mission, and analytical rigor into a thoughtful approach toward corporate venture capital.

Over the next several months, we will be highlighting the work being done by some of our portfolio companies – specifically focusing on each company’s founder. We’ll kick things off today with a feature on Brad Weisberg, the founder & CEO of Snapsheet.? https://lnkd.in/gPRVFkH9

Calling all early-stage startups:? ? There is less than a month to apply for the State Farm Startup Pitch Competition, happening at ITC Vegas October 15, 3-5pm. Apply by August 5th for your chance to showcase your innovative solutions.? State Farm representative, Marcus Rohlfs, shares his thoughts on the fan-favorite Startup Pitch Competition which takes place exclusively?at ITC Vegas, and why YOU need to be there.? Apply today to get noticed, gain funding, and attract your next partners.? Apply by August 5: https://ow.ly/kaLa50SyIAb #ITCVegas #insurtech #insurance #insuranceinnovation #becauseofITC?

How might technology help enterprises navigate the exponential growth of data? As we continue to adapt in the digital age, we’re constantly looking for ways to improve our data security, governance, and enablement. Generative AI data fabric is one emerging technology we’re exploring. This technology enables enterprises to centralize, manage, and discover their data more simply and securely. This innovation could enable employees to access key insights and business intelligence more efficiently, increasing knowledge and productivity at scale. Whether it's finding new ways to securely manage data or ideating new ways to increase value for customers, State Farm is on a mission to explore, develop, and engage in innovative solutions now and for the future. Reach out to ventures.statefarm.com or visit State Farm Ventures to learn more about opportunities to collaborate and innovate.

Attention Startups!

How do you use technology in innovative ways to help combat wildfires? As we continue to help customers proactively mitigate residential risks, we're also looking to the future of wildfire detection with advanced sensors. Digital smell for early wildfire detection is one emerging technology that the State Farm Ventures team is exploring. With this technology, sensor networks process and distinguish wildfire odor signatures in microscopic amounts. This could enable first responders to recognize wildfires before visible smoke or fire and minimize the risk to people, property, and the environment. As National Wildfire Awareness Month comes to a close, we continue to find new ways to help prevent loss, ideate new ways to increase value for customers, and explore, develop, and engage in innovative solutions now and for the future. #NationalWildfireAwarenessMonth Visit https://lnkd.in/ghStKBBS to learn more about opportunities to innovate and collaborate.

What does skill advancement look like in the age of AI? As we continue to empower associate knowledge building through a variety of programs, we’re also looking to the future of learning with AI. AI-Powered Learning Experience Platforms (AI-LXP) is one emerging technology we’re exploring. With this technology, algorithms ingest training data from chosen sources to enhance learning and development experiences. This could enable talent to efficiently onboard and learn or update skills, capabilities, methods, and roles on-demand and at their own pace. Whether it's adopting new ways to learn with AI or ideating new ways to increase value for customers, we are on a mission to explore, develop, and engage in innovative solutions now and for the future. Reach out to us at ventures.statefarm.com or visit us at State Farm Ventures to learn more about opportunities to collaborate and innovate with us.

State Farm? Innovation Group has established a strong presence in Silicon Valley with the State Farm Silicon Valley Office (SVO) since 2014. Celebrating its 10 year anniversary, the SVO has elevated the reputation of State Farm in insurance innovation, partnerships, investments, and employment. Initially starting small, the SVO now houses teams focused on scouting IT solutions and identifying forward-looking opportunities. Located in the heart of Silicon Valley, the office has easy access to cutting-edge technologies and potential investments. By identifying market signals, such as funded solution types and emerging companies, the SVO gives State Farm a competitive edge through early access to technology and key relationships with innovative companies. The SVO teams are currently exploring trends in various fields, including aerial data, AI, blockchain, connected home and IoT, insurance technology, mobility and safety, quantum computing, telematics, and virtual and augmented reality. Congratulations to the @StateFarm SVO for ten years of technology and innovation at the forefront! Learn more about innovation at State Farm.? https://lnkd.in/gpAvY-Zb

As part of our longstanding commitment to fostering safer homes and communities, Ting is offering eligible customers more than two million smart sensors for free as part of an expansion of the Ting fire safety program. https://lnkd.in/gX2Hvbcu