Groundspeed builds a scalable platform to extract value from unstructured commercial property & casualty insurance data trapped in emails, PDFs, and spreadsheets. The company focuses on complex document types—notably lengthy, non‑standardized loss run reports—and also processes exposure schedules, policies, and submissions. Its architecture is designed to scale across lines of business and form types, creating a unified dataset for carriers, reinsurers, and brokers. Groundspeed has landed some of the largest P&C carriers, reinsurers and brokers in the world and demonstrates quantifiable ROI including lower headcount, improved underwriting, and premium growth. The team is led by founder and CEO Jeff Mason and is headquartered in Ann Arbor. Management and investors see an opportunity to cement Groundspeed as a category leader as the business scales. Founded in 2016, Groundspeed focuses on unlocking the value of unstructured information for the $800B global commercial P&C insurance market. Its core product, the Groundspeed Adaptive Data Pipeline™, ingests and structures unstructured data to help carriers, brokers, and MGAs improve margins and identify underwriting profit pools. The company says its automation and analytics platform can eliminate 90% of administration expenses while improving underwriting and analytics efficiency, delivering 10-times the data with 99% accuracy. Groundspeed serves carrier, broker, and MGA clients and emphasizes improving customer experience through better data. The company recently announced a $30M Series B to support continued product expansion and growth. Groundspeed currently employs a 40-person data science and engineering team that it plans to grow with the new funding. Groundspeed Analytics is an Ann Arbor-based company that offers insurers and brokers a platform that automates loss runs and stores claims data. Its platform stores claims information in a fashion that allows users to later analyze claim trends. The company announced it secured $2 million in a Series A round, bringing total funding to date to $2.4 million. The Series A was led by ManchesterStory Group, a $31 million insurtech fund launched earlier this year. The article notes ManchesterStory Group's investment is its first insurtech investment. No other financial metrics or future plans were disclosed in the article.

Total raised

$32M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2018