Gradient AI Raises $56.1M in Series C Funding
Summary
The company intends to use the funds for product development to continue driving innovation and efficiency in the insurance industry and to further bolster customer success and sales functions. The new capital will be used to: • Invest in research and development to continue driving AI innovation in the insurance market to further extend the company’s technological leadership • Improve and develop new features and functionality for the existing product suite • Launch new products to expand the range of solutions for P&C and Health insurers Led by Stan Smith, CEO, Gradient AI is a provider of proven artificial intelligence (AI) solutions for the insurance industry. Its software-as-a-service (SaaS) platform leverages a vast industry data lake comprising tens of millions of policies and claims. It also incorporates numerous other features including economic, health, geographic, and demographic information. Customers include some of the most recognized insurance carriers, MGAs, MGUs, TPAs, risk pools, PEOs, and large self-insured employers across all major lines of insurance.