Simplifai, a leading provider of AI-powered solutions in the insurance sector, has secured a significant investment with Idékapital leading the raise.
The exact amount raised in the funding round has not been disclosed, but it is expected to provide Simplifai with ample resources to further its innovative advancements in the insurance industry.
Speaking on the investment, Krisztina Horvath, Principal at Idékapital remarked, “We are thrilled to support Simplifai on its journey of innovation and expansion. Simplifai’s commitment to delivering significant value for their customers and their visionary approach to leveraging AI align seamlessly with our investment strategy. They have built a strong foundation, and we are eager to contribute to their continued success globally.”
Expressing excitement about the partnership, Bård Myrstad, CEO of Simplifai, stated, “Idékapital embodies the ideal partner for Simplifai. Their wealth of experience in nurturing companies with similar trajectories positions them as invaluable partners. With Idékapital’s expertise in product market readiness and international expansion, we are poised to accelerate our growth trajectory and drive meaningful impact in the insurance and banking sectors.”
This move comes hot on the heels of the launch of Simplifai’s flagship product, InsuranceGPT, which stands out as the industry’s first insurance-specific generative AI technology. This cutting-edge solution revolutionises insurers’ operations by offering end-to-end business process automation capabilities.
Copyright © 2024 InsurTech Analyst
