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 specializes in robotic cognition solutions tailored for insurance and financial services. Its platform automates workflows by digitizing documents from various sources, auto-adjudicating claims, and enabling straight-through processing for new business.
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
Founded in 2017, Five Sigma develops a cloud-native SaaS platform for automating claims management processes in the insurance industry. Its solution uses AI/ML capabilities to simplify claims processing, improve adjuster decision-making, reduce errors and leakage, enhance compliance, and boost 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.