Founded in 2018, Virtual i Technologies built and patented the Virtual Risk Space (VRS), an AI-based platform that enables underwriters to assess risks of varying sizes before they occur. The platform connects insurers with remote risk engineers to reduce the need for on-site travel and deliver cost savings, supporting a shift to data-driven underwriting. Virtual i describes VRS as a technology-based, cost-effective tool that brings immediate and visible results to the property & casualty insurance and reinsurance market. The company reports significant operating growth this year, with 203% growth in users and 464% growth in inspections, and has expanded its team from nine to 27 while establishing dedicated teams in the USA, Singapore and Africa. Its footprint and client base have been expanding across the USA, Canada, Europe, MEA and Asia-Pacific. To finance continued expansion, Virtual i plans to launch a Series A to global investors in Q4 2021.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2021