– Offers IoT-compliant asset trackers/tools for industrial and retail products, enabling an in-depth optimization of the supply chain and its related operations.
– Parametric insurance enabler, offering risk prediction and fraud detection

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.