Transforms operations for leading insurance brands with AI and machine learning technology; brings an integrated, holistic approach to automation that aligns with insurers' human workforce NEW YORK, Nov. 1, 2022 - Roots Automation, creator of advanced, intelligent Digital Coworkers for the insurance industry, today announced the closing of $10 million in a Series A round of … [Read more...] about Roots Automation Raises $10 Million Series A Round to Accelerate Growth
insurtech
wefox Closes US$400m Series D Round at US$4.5bn Post-Money Valuation
wefox achieves US$4.5bn post-money valuation - largest for an insurtech - up from US$3bn (post-money) in 2021 Series D funding round closed at US$400m Mubadala led the equity round with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global wefox generated more than US$200m in the first four months of business in 2022 and is well on target … [Read more...] about wefox Closes US$400m Series D Round at US$4.5bn Post-Money Valuation
Openly Raises $7.65 Million To Empower Insurance Agents And Simplify Home Insurance
Ty Harris, CEO and Co-Founder of Openly says "Some people in the tech world think that the term 'insurance agent' refers to a relic of the past, but they're wrong, at Openly, we know agents add value by delivering objective advice and options to their clients. Our goal is to help agents as they work to modernize their businesses. We let them offer their customers better, faster … [Read more...] about Openly Raises $7.65 Million To Empower Insurance Agents And Simplify Home Insurance
CyberCube Secures $35mn in Series B Raise to Accelerate Market-leading Cyber Risk Analytics for the Insurance Industry
CyberCube Analytics, the market-leading cyber risk analytics company for the insurance industry, today announced that it has finalized a Series B capital raise to power the next phase of its growth. The funding was led by HSCM Bermuda and ForgePoint Capital. In addition, Michael Millette, Founder and Managing Partner at HSCM Bermuda will join CyberCube’s Board of … [Read more...] about CyberCube Secures $35mn in Series B Raise to Accelerate Market-leading Cyber Risk Analytics for the Insurance Industry
HealthCare.com Secures $18 Million in Series B Funding to Expand Its Health Insurance Technology Solutions
NEW YORK and MIAMI, Nov. 7, 2019 /PRNewswire/ -- HealthCare.com, the fastest growing leader in technology-enabled health insurance solutions, today announced that it has secured $18 million in Series B funding, which brings the total capital raised to over $27 million. The financing will be used to grow HealthCare.com as the nation's preeminent source helping consumers compare … [Read more...] about HealthCare.com Secures $18 Million in Series B Funding to Expand Its Health Insurance Technology Solutions
CyberFortress Announces $3 Million Seed Fundraising Round
CyberFortress, an insuretech startup focused on protecting e-commerce companies from cyber threats, announces that it has closed a $3 million seed round co-led by Greycroft and LiveOak Venture Partners. The funds will be used to expand its product development team in order to accelerate its product launch in the Texas market, which is anticipated for early 2020. CyberFortress … [Read more...] about CyberFortress Announces $3 Million Seed Fundraising Round
Arceo.ai Secures $37 Million of Funding: Platform will provide insurance carriers and brokers an efficient and effective data-driven approach to write cyber insurance
Arceo.ai, provider of the leading end-to-end cyber risk analytics and insurance platform, today announced it has secured $37 million in overall funding. The funding was led by Lightspeed Venture Partners and Founders Fund with participation from CRV and UL Ventures. In addition, Hemant Shah, founder and former CEO of RMS, the world's leading catastrophe risk modeling company, … [Read more...] about Arceo.ai Secures $37 Million of Funding: Platform will provide insurance carriers and brokers an efficient and effective data-driven approach to write cyber insurance
InsurTech Company Bold Penguin Closes its Series B to Bring Total Funding Over $50 Million
Bold Penguin, a Columbus Ohio commercial insurance technology provider, is pleased to announce it has completed a $32 Million Series B funding round which brings the total capital raised to date over $50 Million. The participation included growth equity firms Hudson Structured Capital Management Ltd., Lightstone, Guggenheim Insurance, Lockton, existing investors and … [Read more...] about InsurTech Company Bold Penguin Closes its Series B to Bring Total Funding Over $50 Million
Root Insurance Raises $350 Million in Series E Funding: Valuation Now at $3.65 Billion
Root Insurance, the largest property casualty InsurTech in the country, announced today $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional $100 million in debt financing. This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate our … [Read more...] about Root Insurance Raises $350 Million in Series E Funding: Valuation Now at $3.65 Billion