Participated · Seed · Apr 2025

FurtherAI is a San Francisco-based startup co-founded by Aman Gour and Sashank Gondala that offers an AI platform purpose-built for the insurance sector. The software automates labor-intensive tasks including submission intake, policy comparisons, claims intake, and compliance workflows, allowing carriers and brokers to operate more efficiently. The platform currently processes billions of dollars in premiums annually and is used by leading insurers such as Accelerant, MSI, and Leavitt Group. With its recent funding, the company plans to broaden its library of insurance-specific workflows and deepen integrations with existing carrier and broker systems. FurtherAI also intends to scale its go-to-market teams to address increasing demand for its product. To date, the company has raised $30 million in venture funding, including the latest Series A round.

Participated · Series A · Mar 2023

Vitraya Technologies builds an AI-based platform that enables automated, in-the-moment payouts and claim settlements between hospitals, healthcare facilities, and insurers. Its technology underwrites and makes claims decisions in less than one-millionth of a second and automates fraud checks to settle claims in real time within microseconds. The platform secures hospital, patient, and policy data in discrete blocks to enable safe communication among parties. Customers include Indian health insurers such as STAR, Niva Bupa, and CARE Health Insurance. The company says its system reduces operational costs and improves the patient experience, and can be used by small, medium, and large hospitals. Vitraya intends to use the new funding to scale current products and technologies, hire personnel, and pursue international business development. Founded in 2019 by Mrinal Sinha and based in Mohali, the company previously raised $4.1 million in a pre-Series A in January.

Participated · Series A · Sep 2021

Five Sigma provides a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that helps insurers handle claims faster and more accurately. Its end-to-end P&C claims resolution platform covers claim intake/First Notice of Loss (FNOL), coverage, liability, financials (reserving and payments), recovery, and quality assurance. The company emphasizes configurable digital claim workflows, a high degree of automation across the claim lifecycle, and the smart utilization of claims data for AI/ML and risk selection. Customers include INSHUR, Hippo, MGM, Palomar, Qover and others. Founded in 2017 and based in Tel Aviv, Five Sigma collaborates directly with clients to align its CMS capabilities to specific initiatives and speed time to market. The company has raised $18M to date and intends to use the new funding to accelerate growth and expansion while continuing to deliver its claims solutions.