Shepherd has recently concluded a $13.5m Series A funding round and concurrently launched an innovative AI-powered offering known as Shepherd Compliance.
This latest tranche was secured from a host of investors- Costanoa Ventures from Palo Alto, California led the investment round, with contributions from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital added to the figure, according to InsurTech Insights.
The newly acquired funds will be allocated towards strengthening Shepherd’s underwriting and software teams, accelerating product development, and expanding its software portfolio.
The firm also revealed its latest offering, Shepherd Compliance, which is set to integrate AI-powered software with insurance offerings to aid contractors in reducing premiums, streamlining processes, and enhancing risk management.
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