– InsurTech company and data provider using proprietary natural language processing (NLP) technology to power a real-time, alternative data engine which delivers classification, underwriting, know your customer (KYC), and intelligent prospecting for commercial lines general or property and casualty (P&C) insurance companies, banking, and financial services firms.
– Provides a Software-as-a-Service (SaaS) platform, Smart Ratio, which extracts intelligence from previously hard-to-access unstructured public data to enhance decision-making and boost the bottom line.
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.
