Further AI
Seed Round in 2025
Further AI is a technology company that specializes in AI-driven workflow automation. Its platform assigns tasks such as quote generation, policy checking, and renewal processing to AI teammates, enabling businesses to enhance efficiency and minimize errors.
Friendly
Corporate Round in 2025
Friendly is a robotic cognition company that specializes in workflow automation solutions specifically for the insurance and financial services sectors. The company has developed a powerful automation platform that utilizes advanced optical character recognition (OCR) technology and deep learning analysis. This platform is capable of digitizing any document from various sources, including complex documents with handwriting and disparate data tables. By automating health and life insurance tasks, Friendly enables clients to streamline their operations, auto-adjudicate claims, and transform unstructured data into a structured format. This comprehensive, end-to-end solution enhances efficiency and accuracy within the industries it serves.
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 a provider of property inspection and data management services, primarily serving the insurance industry. The company specializes in personal and commercial line inspections, farmstead inspections, and offers data analytics, reporting, and workflow tools to help clients identify individual risks, track aggregate trends, and make informed underwriting decisions.
Vitraya is an insuretech startup based in India, founded in 2019, that focuses on transforming the healthcare claims settlement process. The company has developed a platform designed to facilitate automated, real-time payouts and claims settlements between hospitals, healthcare providers, and insurers. Utilizing smart contracts and blockchain technology, Vitraya ensures data security through private block structures while effectively detecting document and identity forgery. The platform also automates the screening of documents against policy codes and enables instant approvals, enhancing the overall efficiency of the claims process. Vitraya's mission centers on improving patient experiences by streamlining and optimizing healthcare settlement systems.
Vitraya
Seed Round in 2023
Vitraya is an insuretech startup based in India, founded in 2019, that focuses on transforming the healthcare claims settlement process. The company has developed a platform designed to facilitate automated, real-time payouts and claims settlements between hospitals, healthcare providers, and insurers. Utilizing smart contracts and blockchain technology, Vitraya ensures data security through private block structures while effectively detecting document and identity forgery. The platform also automates the screening of documents against policy codes and enables instant approvals, enhancing the overall efficiency of the claims process. Vitraya's mission centers on improving patient experiences by streamlining and optimizing healthcare settlement systems.
Five Sigma
Series A in 2021
Five Sigma LTD. is a technology company based in Tel Aviv-Yafo, Israel, that specializes in developing cloud-based software solutions for the insurance industry. Founded in 2017, the company offers a data-driven Claims Management Solution (CMS) that incorporates artificial intelligence and machine learning to streamline and automate the claims management process. Five Sigma's platform enhances decision-making for insurance adjusters by providing smart recommendations, automating workflows, and utilizing data modeling to minimize errors. It is designed for various users in the insurance sector, including leading insurance carriers, Insurtech firms, third-party administrators, and self-insured companies. By modernizing claims operations, Five Sigma aims to reduce claims leakage, enhance compliance, and improve overall customer experience.
Activer Solutions
Acquisition in 2020
Activer Solutions focuses on providing insurance operations and technology services specifically tailored for the property and casualty insurance sector. The company offers business process outsourcing that enhances the efficiency of front, middle, and back office operations within insurance firms. By delivering flexible and targeted solutions, Activer Solutions seamlessly integrates into existing workflows, allowing insurers to swiftly adapt to market changes and capitalize on new opportunities. This approach enables clients to maintain a competitive edge in a dynamic industry.
ChainThat
Series A in 2017
ChainThat is a provider of enterprise solutions that leverage blockchain technology, distributed ledger technology (DLT), and smart contracts to enhance collaboration among insurers, reinsurers, brokers, and managing general agents (MGAs). The company focuses on delivering customer-centric solutions tailored to the commercial and specialty insurance sectors. Its Insurance Blockchain Framework (CT-IBF) facilitates applications across various aspects of the insurance value chain, including placement, contract management, claims administration, and accounting. By enabling secure peer-to-peer interactions, ChainThat aims to improve data quality, operational productivity, and overall efficiency within the insurance ecosystem.