Rivals beware: Property risk analytics insurtech promises to stick around

"We are building this company because we are enjoying the process and because we want to have an impact on this industry," Toth said. "We are not building this company for a quick sale." The company employs just under 60 people and is hiring aggressively, with expectations that a good 25% of its workforce will be new within the next few months. Plans also call for using the money to build up the brand. "We will be investing heavily into sales and marketing [and] hiring additional salespeople," Toth said, with potential marketing areas including thought leadership, content and channel partnerships.