Further AI is an AI platform that assigns workflows like quote generation, policy checking and renewal processing to AI teammate.
Friendly
Corporate Round in 2025
Friendly is a company focused on robotic cognition, providing workflow automation solutions specifically for the insurance and financial services sectors. Its advanced platform utilizes optical character recognition (OCR) technology and deep learning to process complex documents, including those with handwriting and varied data formats. Friendly's solutions enable clients to digitize documents from various sources and automate the adjudication of claims, streamlining health and life insurance processes. By offering a comprehensive end-to-end solution, Friendly enhances operational efficiency and accuracy for its clients.
CIS Claim Services
Acquisition in 2025
CIS Claim Services is a unit of CIS Group that provides insurance and management property services.
Millennium Information Services
Acquisition in 2024
Millennium Information Services is an information services company offering property inspection services.
Vitraya
Series A in 2023
Vitraya is an insuretech startup based in India, founded in 2019, that specializes in developing a healthcare claims settlement platform for hospitals, healthcare providers, and insurers. The platform employs smart contracts and blockchain technology to enhance data security and streamline the claims process. By detecting document and identity forgery and automating the screening of documents against policy codes, Vitraya enables real-time payouts and instant approvals, thereby improving the efficiency of claims settlements. The company's mission focuses on enhancing the patient experience through more effective settlement systems, allowing clients to safely manage and finalize settlement contracts.
Vitraya
Seed Round in 2023
Vitraya is an insuretech startup based in India, founded in 2019, that specializes in developing a healthcare claims settlement platform for hospitals, healthcare providers, and insurers. The platform employs smart contracts and blockchain technology to enhance data security and streamline the claims process. By detecting document and identity forgery and automating the screening of documents against policy codes, Vitraya enables real-time payouts and instant approvals, thereby improving the efficiency of claims settlements. The company's mission focuses on enhancing the patient experience through more effective settlement systems, allowing clients to safely manage and finalize settlement contracts.
Five Sigma
Series A in 2021
Five Sigma LTD. is a software company based in Tel Aviv-Yafo, Israel, that specializes in automating the claims management process for the insurance industry through its cloud-based platform. Founded in 2017, Five Sigma offers a data-driven Claims Management Solution that incorporates artificial intelligence and machine learning capabilities. This platform streamlines claims processing by implementing automated workflows and utilizing data modeling to provide insightful recommendations, enhancing decision-making for insurance adjusters and minimizing errors. The solution is utilized by various entities within the insurance sector, including leading insurance carriers, Insurtech firms, third-party administrators, and self-insured organizations, to modernize their claims operations, reduce claims leakage, ensure compliance, and enhance overall customer experience.
Activer Solutions
Acquisition in 2020
Activer Solutions specializes in insurance operations and technology services for the front, middle, and back office operations of property and casualty insurers. The company’s flexible and targeted solutions adapt and integrate into existing workflows and enable insurers to rapidly respond to new opportunities to gain a competitive advantage and grow in an ever-changing market.
ChainThat
Series A in 2017
ChainThat offers enterprise solutions utilizing blockchain technology, distributed ledger technology (DLT), and smart contracts to enhance collaboration among insurers, reinsurers, brokers, and managing general agents (MGAs). The company emphasizes customer-centric solutions for commercial and specialty insurance and reinsurance, aiming to improve operational productivity and ensure data quality. Its Insurance Blockchain Framework (CT-IBF) enables applications across the insurance value chain, including areas such as placement, contract management, claims administration, and accounting. By facilitating peer-to-peer interactions, ChainThat seeks to streamline processes and deliver strategic benefits within the insurance ecosystem.
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