Insurtech firm aims to scale up to market demand for claims automation solution
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...
Insurers have ability to use AI, but often choose not to
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