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Gradient AI Scores $20M Series B Round

2021-04-20
BOSTON, MA, Gradient AI announced today that it has raised $20 million in a Series B financing round.
Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance technology space, announced today that it has raised $20.0 million in a Series B financing led by American Family Ventures with participation from principals from Stone Point Capital, and BSC Capital as well as existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.

Gradient AI was founded in order to address the need for state-of-the-art Artificial Intelligence (AI) solutions designed specifically for the trillion-dollar insurance industry. AI has emerged as a disruptive force revolutionizing the way insurance professionals achieve their objectives, and Gradient is leading that charge. Our solutions include software and models utilized by many of the world's most recognized insurance carriers, MGAs, TPAs, pools, PEOs, and more. Gradient's stellar client base continues to grow rapidly. Gradient's team of expert data scientists and insurance technology experts have an exceptional history of building successful insurance technology companies, with the most satisfied customers in the industry. At Gradient, we focus exclusively on delivering measurable results for our clients. To learn more about Gradient AI, please visit: https://www.gradientai.com/.
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