Founded in 2018, Verikai is an insurance technology company leveraging alternative data and machine learning to change the way the industry views risk. Our well-established database includes more than 4,000 behavioral attributes on 260 million people in the US trained and calibrated through our proprietary machine informed modeling on over 25 million unique individual claimants in both P&C and A&H product lines. This provides deep insight to these individuals' true underwriting risks represented in pools large enough to affect profitability against existing actuarial rates. With this data, we help insurance companies improve underwriting precision, speed and efficiency - and ultimately, we provide consumers and small businesses with greater access to a broader range of insurance products at prices aligned to their true risk of claiming.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 07/14/20 | $6,000,000 | Series A |
ManchesterStory Group Plug & Play Ventures ValueStream Ventures | undisclosed |
