Verikai is an insurance technology company founded in 2018 and based in San Francisco that leverages alternative data and machine learning to evaluate risk. Its database includes more than 4,000 behavioral attributes on 260 million people in the U.S., trained and calibrated on over 25 million unique individual claimants across P&C and A&H product lines. The company's models provide deep insight into individuals’ true underwriting risks in pools large enough to affect profitability against existing actuarial rates. Verikai enables insurers to improve underwriting precision, speed, and efficiency, and helps consumers and small businesses access a broader range of insurance products priced to their true risk of claiming. The company raised $6M in a Series A and will use the funding to build out its corporate structure, with a focus on expanding sales and marketing resources. The Series A follows a seed round in early 2018 that included Aioi Nissay Dowa Insurance Company Limited and National General Insurance.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2020