Honeycomb raises $40M for AI-powered housing insurance

Honeycomb has raised $40 million for AI-powered insurance focused on multi-unit housing.

The interesting signal is verticalisation. Insurance is not becoming one generic AI category; it is being rebuilt around specific risk pools, property types, and workflows.

For proptech and insurtech startups, multi-unit housing is a useful wedge because the data is messy, the risks are specific, and the market is large. Boring category, spicy opportunity.