– Patent-pending algorithms unlocks insights trapped in unstructured documents such as loss runs, submissions, quotes and policies. Its deep learning algorithms accurately extract, validate and analyse data from these documents
– Launched its AI platform for commercial loss run automation in September 2020, with nine pilot customers

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.