# Adaptive Insurance

> Adaptive Insurance is an Austin specialty-insurance and technology company that builds coverage for losses conventional policies often handle poorly or exclude, beginning with short-duration power outages. Its flagship GridProtect product uses independent real-time data and a pre-agreed outage-duration trigger to start a claim and move money in days; the company has since added wind and hail deductible buy-backs, residential flood coverage, equipment-breakdown and restaurant-specific products, plus custom programs distributed through agents, brokers, carriers and embedded partners.

- **Founded:** 2024
- **Headquarters:** Austin, United States
- **Founders:** Michael Gulla (CEO and Co-Founder), Arik Yelovitch (CTO and Co-Founder)
- **Team size:** Approximately 14 employees as of 2026, based on supplied company data; LinkedIn lists the company in the 2-10 range and the company website names nine team members.
- **Products:** GridProtect, Wind/Hail Deductible Buy-Back, Residential Flood Coverage, Commercial Equipment Breakdown, Restaurant Recovery
- **Notable:** Launched in 2024 from the Montauk Climate venture studio., Raised $5 million in seed financing in February 2025 and another $5 million in July 2026, bringing disclosed funding to $10 million., Brought GridProtect to market in 18 U.S. states through Tokio Marine HCC in June 2025.

## Products & services

- **GridProtect** — Short-duration commercial and residential power-outage coverage with a customer-selected duration trigger, real-time independent data verification, policy limits up to $50,000 as standard, and payments typically in days.
- **Wind/Hail Deductible Buy-Back** — Supplemental residential and commercial coverage that reduces out-of-pocket exposure from percentage deductibles after wind, hail or named-storm damage; Adaptive says the product is available in all 50 states.
- **Residential Flood Coverage** — Standalone supplemental flood insurance positioned as broader and more flexible than the standard NFIP policy for eligible homeowners.
- **Commercial Equipment Breakdown** — Coverage for sudden and accidental failures of commercial systems such as HVAC, boilers and elevators.
- **Restaurant Recovery** — Restaurant-specific protection for financial losses, expenses and reputational harm from events that traditional policies may not cover; offered by Tokio Marine HCC and powered by Adaptive.
- **Custom Resilience Solutions** — Co-developed specialty programs for carriers, brokers, independent agents, companies and embedded distribution partners.

## Achievements

- Launched in 2024 from the Montauk Climate venture studio.
- Raised $5 million in seed financing in February 2025 and another $5 million in July 2026, bringing disclosed funding to $10 million.
- Brought GridProtect to market in 18 U.S. states through Tokio Marine HCC in June 2025.
- Built a digital quote-bind-issue workflow that the company says agents can complete in under five minutes.
- Expanded from one parametric product into deductible buy-backs, residential flood, equipment breakdown, restaurant recovery and custom specialty solutions.
- Integrated ZestyAI's property-level Z-STORM model for wind and hail underwriting and rating.

## Latest updates

- **2024-10** — Adaptive publicly launched its AI-powered climate-risk platform with GridProtect as the first product.
- **2025-02** — Closed a $5 million seed round led by Congruent Ventures to launch and scale the climate-resilience platform.
- **2025-06** — Partnered with Tokio Marine HCC and launched GridProtect in 18 states.
- **2026-02** — Published product education for GridProtect and parametric insurance as the company broadened its market presence.
- **2026-07** — Closed another $5 million from new and existing investors to expand product development, distribution and its climate-intelligence platform.
- **2026-07** — Added ZestyAI's Z-STORM property-level hail and wind scoring to wind and hail underwriting and pricing.

## Links

- Website: https://www.adaptiveinsurance.com
- LinkedIn: https://www.linkedin.com/company/adaptiveinsurance

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Profile page: https://yespress.io/adaptive-insurance
Published by YesPress — https://yespress.io
Last updated: 2026-08-19