Salty Dot Inc., a Salt Lake City, UT-based Embedded Insurance technology company, raised $15M in additional funding.
This brings the company’s capital raised to date to over $31m. The backers were not disclosed.
The company intends to use these incremental funds to drive growth with partners, optimize the Embedded Insurance platform, and develop product further.
Led by James Hall, Founder and CEO, Salty provides a Software-as-a-Service (SaaS) solution that uses artificial intelligence and machine learning to analyze customer data. It then sorts through multiple carriers and presents the customer with the best, bindable quote in real-time.