– A SaaS solution for auto insurers which uses smartphone sensor technology, big data, and analytics to improve driver safety whilst also redefining how insurance is priced and delivered.
– Allows insurance carriers to build a behaviour based insurance offering from scratch.

Novee AI Raises £1.6M to Build Intelligence Layer for Commercial and Specialty Underwriting
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.