Despite a general downturn in investment into the UKs FinTech and InsurTech sectorsreported at a decline of 34% last yearthis round was notably oversubscribed.PeppercornAI uses cutting-edge conversational AI technology to streamline operations, enhance risk protection, and improve customer experiences in the insurance sector. The firms recent accolades include winning the Celent Model Insurer Award for Digital and Emerging Technology.The fresh capital will be channelled into further developing PeppercornAIs conversational AI platform, Pipr, which supports the motor industry among others. Technology, specifically AI, has the potential to completely change the way consumers buy and manage their insurance policies and can also deliver significant benefits to providers at the same time.However, as an industry thats historically been slow to adopt technology, insurance providers are worried about keeping up with the pace in which AI is developing. Our team of insurance experts has built and proven a new model that allows providers to unlock the benefits of the technology now, can be integrated seamlessly and quickly, and ensures their businesses arent left behind. My thanks for the continual support of EHE Capital, to Angels Invest Wales and for the brilliant team at Wealth Club for making the raise so successful.Keep up with all the latest FinTech news here.