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AI Insurance
AddedFeb 16, 2024
UpdatedJun 18, 2026
AI Insurance

AI Insurance

Seed

AI Insurance: AI-backed platform transforming insurance ops, saving costs.

HQ
San Francisco, CA, US
Founded
2018
Accelerator
Y Combinator logoY CombinatorW19
Overview
Compare
Fundraising
Employees
Website

AI Insurance was founded with the mission to revolutionize the insurance industry by providing a comprehensive, AI-backed platform designed for small-to-midsize insurance companies. The company aims to streamline insurance operations, significantly reducing administrative costs that traditionally consume up to 60% of revenue. AI Insurance offers a suite of services including claims management, financials, digital portals, premium billing, policy issuance, and data management. By automating large aspects of these processes, the platform enhances customer experiences and drives operational efficiency.

Notable figures affiliated with AI Insurance include industry experts and seasoned investors committed to transforming the insurance landscape. The company has achieved significant milestones, such as reducing operational costs for its clients and improving overall efficiency. AI Insurance's impact is evident in its ability to save the industry billions annually by replacing outdated systems with advanced, automated solutions. The platform's success mirrors the transformative influence Salesforce had on SMB sales teams, positioning AI Insurance as a pivotal player in modernizing insurance operations.

AI Insurance - Similar Companies

Lisa Insurtech logo

Lisa Insurtech

lisainsurtech.com

MyCover.ai logo

MyCover.ai

mycover.ai

Telivy logo

Telivy

Soteris logo

Soteris

soteris.co

PolicyFly logo

PolicyFly

policyfly.com

Savvi AI logo

Savvi AI

savviai.com

Plover Parametrics logo

Plover Parametrics

plover.insure

Cogo Insurance logo

Cogo Insurance

cogoinsurance.com

Sprout.ai logo

Sprout.ai

sprout.ai

Sixfold AI logo

Sixfold AI

sixfold.ai

Arcimus logo

Arcimus

arcimus.com

FurtherAI logo

FurtherAI

furtherai.com

Newfront logo

Newfront

LeO logo

LeO

meetleo.co

Indemn logo

Indemn

indemn.ai

AI Insurance - Quick Facts

Who are AI Insurance's competitors?

Companies similar to AI Insurance include Lisa Insurtech, MyCover.ai, Telivy and Soteris.

When was AI Insurance founded?

AI Insurance was founded in 2018.

Where is AI Insurance's headquarters located?

AI Insurance's headquarters is located in San Francisco, CA, US.

When was AI Insurance's last funding round?

AI Insurance's most recent funding round was for $3.8M (USD) in March 2022.

How much has AI Insurance raised to-date?

As of Mar 1, 2022, AI Insurance has raised a total of $5M (USD).

How many employees does AI Insurance have?

AI Insurance has 15 employees as of Feb 5, 2024.

AI Insurance - Classification

Ownership
  • Venture Capital
Technology
  • AI
Geographic Exposure
  • Americas
Model
  • Platform
Revenue
  • Recurring
Customer
  • Small Business
Main Product
  • Insurance Software
Tags
  • SaaS
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
Show 5 more industry codes
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7372Prepackaged Software