– Automated photo or video-based inspections of any assets using AI, covering damage detection, asset valuation, claim assessment, and fraud detection. It can capture details on cars, bikes, cellphones, property and more.
– Claims its accuracy levels are 98%+, reduce the time required for inspections by 95% and that inspections can take as little as 15 seconds. It is currently operating in the Shared Economy, Financial Services and E-Commerce industries.
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.
