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Sprout.ai
company
About
Sprout.ai, the advanced claims automation solution, harnessing the power of Contextual AI to revolutionise the insurance experience
- 11 - 50
Highlights
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- $11M
- Industries
- Artificial Intelligence,Health Insurance,Image Recognition,Information Technology,Insurance,InsurTech,Natural Language Processing,Software
- Founded date
- Mar 1, 2018
- Number Of Employee
- 11 - 50
- Operating Status
- Active
Sprout.ai, the advanced claims automation solution, harnesses the power of Contextual AI to revolutionise the insurance experience for global insurers and their consumers alike. The solution leverages proprietary Optical Character Recognition (OCR) and Natural Language Processing (NLP) technologies to deliver significantly reduced claim settlement times, increased fraud detection and industrial grade security to insurers.The solution is already deployed across three continents focusing on the property, motor and health insurance verticals. www.sprout.ai.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$11M
Sprout.ai has raised a total of
$11M
in funding over 2 rounds. Their latest funding was raised on
May 5, 2021 from a Series A round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 5, 2021 | Series A | $11M | 1 |
Octopus Ventures
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
1
Sprout.ai is funded by 1 investors.
Octopus Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Octopus Ventures
|
Yes | Series A |
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