Gradient AI, an enterprise software provider of artificial intelligence solutions in the insurance technology space, announced that it has raised $20 million in a Series B financing led by American Family Ventures with participation from principals from Stone Point Capital, and BSC Capital as well as existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.
Gradient’s solutions help commercial insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. Its platform “boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with several economic, health, and litigation datasets.”
“The Gradient platform helps our customers’ claims and underwriting teams make better decisions more efficiently, which allows our customers to write more profitable business, minimize claims, and improve the profitability of their book.” – Gradient’s CEO Stan Smith.
Source: Boston Business Journal
