CCC Intelligent Solutions and Dragoneer Investment Group, LLC Announce Closing of Business Combination

Funding Rounds

▤ Summary

The proceeds from this transaction allow us to accelerate innovation that helps our customers increase revenue, improve efficiency and improve the lives of millions of drivers.” Ramamurthy continued, “This is an important time for the industry, which is actively adopting technologies like AI, IoT and mobile to digitize operations and modernize the customer experience from start to finish. Already a pioneer at the forefront of the industry’s rapid movement towards digitization, we expect that the additional capital from this transaction will enable CCC to accelerate its innovation, find new ways to create value for its customers and further revolutionize the P&C insurance space. A trusted leader in AI, IoT, customer experience, network and workflow management, CCC delivers innovations that keep peoples lives moving forward when it matters most. The firm has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Ceridian, Chime, Datadog, Doordash, Duck Creek, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath and others.

$ Funding

$
Amount $150.0M Total raised
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Date August 2, 2021 Announcement date
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Investors CCC Information Services Lead investors
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Company http://www.cccis.com Funded company

▥ Classifications

industries
Automotive
applications
AI & Machine learning

◇ AskAI Classifications

Labels
SaaS Claims Management Software Insurance Software

▦ Linked Companies