Gradient AI is an enterprise software provider that delivers artificial intelligence tools tailored to the insurance industry. Its SaaS platform taps a vast industry data lake containing tens of millions of policies and claims, as well as economic, health, geographic, and demographic variables, to forecast underwriting and claims risk with heightened accuracy. By automating risk assessment and claims processing, carriers can lower quote turnaround times, cut claim expenses, and boost profitability. Customers include leading insurance carriers, managing general agents/underwriters, third-party administrators, risk pools, professional employer organizations, and large self-insured employers across all major lines. The company plans to use newly secured growth capital to enhance its platform and expand its market footprint, aiming to further address evolving challenges in risk assessment and claims management. Gradient AI is backed by venture investors Centana Growth Partners, MassMutual Ventures, Sandbox Insurtech Ventures, and Forte Ventures.

Total raised

$82M

Funding rounds

4

Latest round

Series C

Latest activity

Jul 2024