CrediLinq.Ai is revolutionizing SME lending using AI and machine learning. They Linq artificial intelligence & machine learning with credit underwriting.
Artificial Labs Limited specializes in developing software solutions for the insurance industry, providing a comprehensive suite of applications designed to enhance operational efficiency and accuracy. Established in 2013 and based in London, the company offers products such as Artificial Build for data capturing and workflow automation, Artificial Distribute for data collection and distribution, Artificial Price for risk selection and portfolio management, and Artificial Manage for overseeing insurance portfolios. Their technology is built on a core platform known as ArtificialOS, which consists of modular, API-driven components that can be tailored to meet the specific needs of insurers. This service-oriented architecture allows for quick integration and customization of applications, ensuring that insurers receive targeted solutions. Additionally, Artificial Labs provides IT consulting and support services, with a focus on delivering continuous support, infrastructure, security, and upgrades through a transactional pricing model.
FutureProof Technologies is a financial analytics software company focused on addressing physical climate risks through an innovative platform. This climate-smart, artificial intelligence-driven solution combines climate prediction data with proprietary economic and financial models to provide clear and actionable projections of climate-related property risks. The platform features an algorithmic underwriting Application Programming Interface that allows consumers to secure coverage for climate-resilient structures at competitive prices. Additionally, it offers benefits to carriers and reinsurers by enhancing their return on capital. By enabling asset investors, insurers, and property owners to better understand and mitigate the financial implications of climate disasters, FutureProof Technologies plays a crucial role in promoting resilience in the face of environmental challenges.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.
FloodFlash Limited is a tech-enabled flood insurance company based in London, United Kingdom. Established in 2016, it offers instant-settlement flood insurance triggered by IoT flood sensors. When water levels exceed a predetermined depth, customers receive a pre-agreed settlement without exclusions. The company utilizes an algorithm to create personalized and competitively priced flood insurance policies, catering to high-risk locations globally. FloodFlash has raised £2.1 million in seed investment to support its innovative approach to flood insurance.
Redkik is a global software company operating with embedded insurance as a SaaS provider, with the mission to simplify and improve the insurance industry for all parties within logistics and transportation. No need for annual insurance policies tying your business down, Redkik uses the latest technology and insures your shipment when you book it, with premiums and coverage tailored to your specific needs. Redkik's extensive on-demand marine cargo insurance is based on the factual per shipment value today, not within the next 12 months. The team of Redkik has a big passion for innovation and technology, together with great experience and deep knowledge from logistics and transportation, risk management, cargo insurance, machine learning, and software development. Join Redkik's rapidly growing network of global freight forwarders offering on-demand per shipment insurance. Redkik, brings intelligence to insurance and peace of mind for you and your customers.
Intellect Company Pte. Ltd., established in 2019 and based in Singapore, operates a psychological mental health platform designed to enhance mental well-being. The platform integrates technology and human interaction to provide accessible support for individuals facing various challenges such as procrastination, low self-esteem, and anxiety. Through its app, Intellect offers digitized therapy programs developed by leading psychologists and behavioral experts, helping users to redevelop traits, habits, and behaviors. The company's mission is to lower barriers to mental health support, creating a straightforward and effective journey for users to address personality flaws and improve their overall confidence and social skills.
Private Equity Round in 2022
Accelerant Holdings Ltd. is a wholesale insurance managing general agent (MGA) that primarily serves the small and medium-sized enterprise (SME) market. Founded in 2018 and headquartered in London, United Kingdom, the company operates as an underwriting group, focusing on a carefully selected and managed network of members. By providing tailored insurance solutions, Accelerant aims to address the unique needs of SMEs, fostering a strong support system within this sector.
Vesttoo Ltd is a company based in Tel Aviv, Israel, that specializes in artificial intelligence-driven financial risk management solutions. Founded in 2018, it offers a comprehensive platform designed for insurers, reinsurers, and pension funds, focusing on the transfer of various risks, including general insurance, mortality, and longevity risks, to capital markets. Vesttoo employs advanced proprietary algorithms to create precise risk models and forecasts, facilitating the structuring and placement of deals. By integrating technology into risk transfer processes, the company provides clients with affordable and strategic options for managing their risk exposure, while offering investors opportunities for high-yield investments with low correlation to traditional market risks. This innovative approach aims to enhance liquidity and streamline the interaction between insurance and capital markets, creating a more accessible and efficient risk management landscape.
Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. The company specializes in providing solar insurance solutions aimed at mitigating credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. Its flagship product, EneRate, offers coverage for third-party solar developers and asset owners, protecting them against payment default risks and revenue losses when off-takers fail to meet their Power Purchase Agreement (PPA) obligations. Additionally, Energetic Insurance has developed a systematic approach to address off-taker payment defaults, thereby facilitating solar financing for organizations that are unrated or classified as below investment grade. This innovative, data-driven methodology aims to enhance risk management within the renewable energy sector, promoting increased project deployment and capital investment in solar initiatives.
Covie Systems, Inc. is a technology company based in Pflugerville, Texas, that specializes in providing solutions for real-time retrieval and validation of insurance records directly from issuing carriers. Founded in 2020 by experts from the software and insurance industries, Covie's platform connects businesses to a comprehensive network of insurers through a single interface. This allows property managers, gig economy workers, institutions, carriers, and developers to access and manage insurance data more efficiently. The platform aims to enhance user experience by simplifying the process of transacting insurance policies and understanding risk exposure, thereby addressing inefficiencies in the industry and promoting better risk management practices.
Spot Insurance, founded in 2017 and based in Austin, Texas, is an innovative startup that aims to transform the life insurance industry, which is valued at approximately $558 billion. The company focuses on a demographic largely overlooked by traditional insurers, particularly Americans under 45, who typically comprise less than 5% of the life insurance market. Spot offers a unique solution by providing short-term life insurance policies that range from 24 hours to 30 days, catering to individuals with adventurous lifestyles. Through a user-friendly platform, consumers can purchase these policies for a nominal fee, allowing them to engage in various activities without the burden of long-term commitments. Led by a team of seasoned professionals from the insurance and technology sectors, Spot Insurance seeks to empower policyholders to embrace life's experiences while alleviating concerns about their safety and well-being.
FutureProof Technologies is a financial analytics software company focused on addressing physical climate risks through an innovative platform. This climate-smart, artificial intelligence-driven solution combines climate prediction data with proprietary economic and financial models to provide clear and actionable projections of climate-related property risks. The platform features an algorithmic underwriting Application Programming Interface that allows consumers to secure coverage for climate-resilient structures at competitive prices. Additionally, it offers benefits to carriers and reinsurers by enhancing their return on capital. By enabling asset investors, insurers, and property owners to better understand and mitigate the financial implications of climate disasters, FutureProof Technologies plays a crucial role in promoting resilience in the face of environmental challenges.
Marble is an insurance management platform focused on enhancing the customer experience by offering a rewards-based membership program. This innovative approach allows users to manage their home and auto insurance policies in a single digital wallet, where they can easily compare rates and find suitable policies. By prioritizing the needs of its members, Marble aims to reduce insurance costs and provide value through its loyalty program, which also serves as an effective marketing channel for insurance companies. This dual focus ensures that users not only save money but also earn rewards as they navigate their insurance options, creating a win-win situation for both consumers and providers.
BlackSwan Technologies is a digital transformation and cognitive computing company that specializes in AI software to enhance data acquisition and monetization. Its flagship product, ELEMENT, empowers organizations to utilize existing data and gather new information from diverse sources, facilitating better decision-making and predictive capabilities. Founded in 2014, the company serves a wide range of sectors, including financial institutions, multinational corporations, and government entities, by providing solutions for risk mitigation, customer experience, compliance, transaction intelligence, and financial crime prevention. By offering a cloud-based enterprise software platform, BlackSwan Technologies helps businesses streamline operations and enhance decision-making processes, ultimately enabling them to operate more effectively in a complex environment.
Next Insurance Inc. is an online insurance agency focused on providing tailored insurance products and services to small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a range of insurance options, including business, general liability, professional liability, commercial auto, and workers’ compensation coverage. Next Insurance serves a diverse clientele, including contractors, fitness professionals, cleaning services, beauty establishments, therapists, educators, and various other sectors. The company leverages technology to streamline the insurance purchasing process, eliminating the need for agents and reducing costs, thereby offering affordable pricing. Additionally, Next Insurance emphasizes quick claims processing, often making decisions within 48 hours to enhance transparency and support for its clients.
Bambi's data driven white label cloud platform enables insurance companies, mobility service providers, OEM's and their ecosystem to offer their consumers dynamic, friendly and quickly implemented vehicle insurance products with a new approach for product offering and customer engagement. Fitted to the fast-changing mobility and transportation landscape, the platform provides assembling and operating personalized insurance products for private and commercial vehicles, new mobility models like MaaS, ride-hailing services, car-sharing, e-scooters, delivery and other future models. Being in the intersection of the new mobility/insurance ecosystem, with data & connectivity, and with flexible product design, we enable to create new appealing digital insurance products that could not be created before. Working in B2B2C and B2B models, we characterize the insurance products with our partners, setup the platform, integrate it with the IT systems and with the relevant data points. With omni-channel capabilities and cross platform applications (web, mobile apps), we offer a full suit including underwriting, pricing, policy admin, operations, initiation of claim processes and more. Our personalized insurance products are amongst others characterized with On-Demand and UBI solutions for motor and none-motor insurance products in the P&C insurance business lines.
MDGo Ltd is an Israeli company that operates an online platform designed to analyze car accidents by utilizing existing vehicle sensors. Founded in 2017 and based in Haifa, the platform generates comprehensive medical reports detailing the type and severity of passenger injuries, along with a thorough analysis of the accident mechanism and vehicle damages. This information is rapidly transmitted to first responders and relevant hospitals, potentially improving emergency medical response and saving lives. Additionally, MDGo's technology offers automotive manufacturers a unique safety feature and creates a new revenue stream by automating the claims process for insurance companies. This dual function not only enhances road safety but also streamlines operations within the insurance industry.
Hippo Insurance provides home insurance brokerage services, focusing on modernizing coverage for homeowners. Founded in 2015 and headquartered in Palo Alto, California, with additional offices in Austin and Dallas, the company utilizes technology to streamline the insurance process. Hippo aims to simplify and enhance home insurance by offering intuitive and proactive coverage that actively addresses the needs of clients. By adopting a tech-driven approach, Hippo seeks to transform how individuals safeguard their homes, allowing them to feel secure and carefree. The company emphasizes a commitment to delivering smarter, more efficient insurance solutions tailored to contemporary homeowners.
Nimbla is a London-based fintech company that specializes in providing B2B invoice insurance to small and medium-sized businesses in the United Kingdom. The company utilizes advanced technology to offer a digital insurance platform that allows clients to instantly assess the credit ratings of their invoices and insure them individually. This service is designed to protect businesses from the risks associated with late payments and customer insolvency. In addition to single invoice insurance, Nimbla's platform provides predictive cash flow analysis, risk assessment tools, and trade credit protection, enabling businesses to effectively manage their credit exposure and enhance their client prospecting efforts. Through these services, Nimbla aims to support the financial stability and growth of its clients by mitigating the risks of default and improving cash flow management.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.
Sproutt is a new kind of life insurance company that loves life and rewards those who love theirs. It is our purpose to use data and AI to finally reward people who live a healthy life with the best life insurance. We believe it’s important to live a balanced life that includes a reasonable amount of exercise, eating well, and getting a proper amount of sleep. But we also believe that owning pets, being surrounded by friends and family, and feeling supported by your community, are equally important factors on longevity that should be rewarded. Whether inquiring about life insurance, or actually purchasing coverage through Sproutt, we believe it is our mission to educate and encourage everyone we meet to embrace a healthy lifestyle.
Rubrik is a data security solutions provider that caters to a diverse range of organizations, from large enterprises to mid-sized businesses. The company specializes in data management and recovery, offering a platform designed to enhance cyber resilience, which includes improving both cyber posture and recovery capabilities. By integrating enterprise data management with web-scale IT, Rubrik eliminates the need for traditional backup software, enabling businesses to efficiently manage increasing volumes of data across both private and public clouds. This innovative approach allows organizations to recover data swiftly and supports their digital transformation efforts, ultimately fostering greater business agility.
Lucideus Inc., founded in 2016 and headquartered in Palo Alto, California, specializes in cybersecurity products and services for enterprises. The company offers SAFE, a sophisticated platform powered by artificial intelligence and machine learning, designed to enhance organizations' cyber risk management by integrating with existing IT infrastructure and security tools. SAFE provides both macro and micro-level assessments, enabling organizations to visualize, track, and improve their cyber risk posture. Lucideus serves a diverse range of sectors, including finance, aviation, manufacturing, e-commerce, and technology, boasting over 200 clients globally. The platform not only delivers a breach likelihood score and associated financial risk but also offers prioritized actionable insights based on cybersecurity signals and threat intelligence. The company has also collaborated with MIT on research related to its SAFE Scoring Algorithm and has received multiple awards for its innovations in cybersecurity.
Tomorrow Ideas, Inc. specializes in developing an application aimed at safeguarding families' financial futures. The app offers a range of features, including tools for creating a last will and testament, establishing a revocable living trust, and setting up guardianship for children and pets. Additionally, it includes calculators for net worth and life insurance, a comparison of term life insurance options, and provides a complimentary insurance policy. The application is accessible on both iOS and Android platforms. Founded in 2015 and headquartered in Seattle, Washington, Tomorrow Ideas is committed to helping families navigate important financial decisions.
Thimble Insurance Services, founded in 2015 and headquartered in New York, offers on-demand insurance solutions tailored for small businesses and independent workers. The company provides liability coverage across more than 100 professions, including landscapers, beauticians, dog walkers, handymen, DJs, and musicians. With a focus on flexibility, Thimble enables users to access short-term and versatile insurance that adapts to their specific needs. Originally starting as a provider of drone insurance, Thimble has expanded its offerings to serve a broader range of small businesses in the on-demand economy. As a licensed insurance broker in all 50 states and the District of Columbia, Thimble partners with reputable providers to ensure that customers can secure A-rated insurance for every job.
Taiger Singapore Pte. Ltd. is a leader in artificial intelligence semantic software, specializing in information access and extraction for the finance, insurance, and government sectors. Founded in 2015 and headquartered in Singapore, the company offers several innovative solutions, including iConverse for natural language interaction, iSearch for retrieving information through semantic patterns, and iMatch for multilingual information extraction. Taiger's technology leverages computational semantics, natural language processing, and machine learning to automate and optimize complex cognitive tasks, significantly enhancing efficiency and reducing costs for major organizations. The company has collaborated with renowned clients such as Banco Santander, Citigroup, and various government agencies in Singapore, earning accolades including recognition as a Gartner Cool Vendor in 2017. Taiger also holds patents in information access and operates the TAIGER Academy, an institution focused on education and training in artificial intelligence.
Lucideus Inc., founded in 2016 and headquartered in Palo Alto, California, specializes in cybersecurity products and services for enterprises. The company offers SAFE, a sophisticated platform powered by artificial intelligence and machine learning, designed to enhance organizations' cyber risk management by integrating with existing IT infrastructure and security tools. SAFE provides both macro and micro-level assessments, enabling organizations to visualize, track, and improve their cyber risk posture. Lucideus serves a diverse range of sectors, including finance, aviation, manufacturing, e-commerce, and technology, boasting over 200 clients globally. The platform not only delivers a breach likelihood score and associated financial risk but also offers prioritized actionable insights based on cybersecurity signals and threat intelligence. The company has also collaborated with MIT on research related to its SAFE Scoring Algorithm and has received multiple awards for its innovations in cybersecurity.
WorldCover operates a peer-to-peer risk relief network aimed at protecting farmers from natural disasters, particularly droughts, through an innovative insurance platform. Founded in 2015 and headquartered in New York, the company utilizes satellite technology and mobile money to deliver cost-effective crop insurance to smallholder farmers, primarily in developing countries. By leveraging remote sensing and advanced risk modeling, WorldCover addresses the significant climate risks faced by farmers, improving their food and income security. The platform not only provides financial protection to farmers but also offers investors an opportunity for diversified returns with a direct social impact, targeting the substantial market of individuals reliant on agriculture for their livelihoods.
Spot Insurance, founded in 2017 and based in Austin, Texas, is an innovative startup that aims to transform the life insurance industry, which is valued at approximately $558 billion. The company focuses on a demographic largely overlooked by traditional insurers, particularly Americans under 45, who typically comprise less than 5% of the life insurance market. Spot offers a unique solution by providing short-term life insurance policies that range from 24 hours to 30 days, catering to individuals with adventurous lifestyles. Through a user-friendly platform, consumers can purchase these policies for a nominal fee, allowing them to engage in various activities without the burden of long-term commitments. Led by a team of seasoned professionals from the insurance and technology sectors, Spot Insurance seeks to empower policyholders to embrace life's experiences while alleviating concerns about their safety and well-being.
AkinovA Limited is a company that has developed an independent electronic marketplace focused on the transfer and trading of reinsurance risks. Established in 2017 and based in Marylebone, United Kingdom, AkinovA collaborates with brokers and capital market participants to streamline the insurance value chain. The platform facilitates insurance advisory services, enabling users to manage their client base, capital, and risk effectively. By working alongside prominent industry players such as Hiscox and MS&AD Insurance Group, AkinovA aims to enhance market growth while minimizing frictional costs and expediting transaction execution within the insurance sector. The company is supported by a diverse Advisory Board with extensive experience in insurance, capital markets, and technology, positioning AkinovA as a key player in the evolving landscape of insurance risk trading.
i2x GmbH, based in Berlin, Germany, specializes in developing artificial intelligence software aimed at enhancing sales and customer interactions through real-time automated coaching. Founded in 2017, the company provides a conversation analytics platform that records and analyzes calls, offering insights into effective communication strategies. By employing machine learning algorithms and big data, i2x enables sales and service teams to understand the dynamics of customer conversations, including speech patterns and engagement metrics. The platform supports agents with ongoing training and delivers actionable data-driven best practices to improve performance. Additionally, i2x assists managers by decrypting call data, providing deeper insights into customer interactions and employee skills, ultimately leading to increased conversion rates and customer satisfaction. By augmenting human intelligence, i2x enhances the quality of customer interactions and elevates the overall brand experience.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in 2017. The company specializes in developing white-label insurance products and operates as a direct insurer for non-life insurance, licensed by the German Federal Financial Supervisory Authority. ELEMENT's innovative technology platform focuses on the B2B2X value chain, allowing it to create customized insurance solutions for various partners, including e-commerce businesses and traditional insurers. This enables partners to market these products under their own brand. By managing the entire insurance value chain—ranging from actuarial calculations and underwriting to policy administration and claims management—ELEMENT simplifies the insurance process and enhances operational efficiency for its clients across 28 countries in Europe.
FinLeap GmbH, founded in 2014 and headquartered in Berlin, Germany, is a prominent venture capital firm and fintech ecosystem. It specializes in seed and early-stage investments primarily within the fintech industry, focusing on software as a service (SaaS) and digital services in financial markets. With additional offices in cities such as San Francisco, Milan, Madrid, and Paris, FinLeap has developed a range of ventures, including notable companies like Solarisbank, ELEMENT, and PAIR Finance. The firm aims to support its portfolio companies by providing access to seed capital, a robust network of investors, experienced entrepreneurs, and top talent. With a workforce exceeding 1,300 employees from diverse backgrounds, FinLeap continues to expand its influence in the European fintech landscape.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.