Sprout.ai secures £8m Series A funding

Sprout.ai, the claims automation solution based on contextual artificial intelligence (AI), has raised £8 million through a Series A funding round. The funding round was led by active early-stage investor Octopus Ventures and included existing investors Amadeus Capital Partners, Playfair Capital and Techstars. Formerly known as BlockClaim, Sprout.ai rebranded in June last year after receiving $2.5m seed funding. The automated solution has since been adopted at global insurance providers, such as Zurich in the UK, across Europe, South America and Asia-Pacific. The insurtech firm states...