EIS, a San Francisco, CA-based core and digital platform provider for insurers, received a growth investment of more than $100m from TPG.
TPG is investing out of TPG Tech Adjacencies (TTAD), its fund focused on flexible capital solutions for the technology industry.
The company intends to use the funds to continue to accelerate product development across the spectrum of risk, health, and wealth, and support geographic expansion.
Founded in 2008 and Alec Miloslavsky, CEO, EIS is an insurance software company that enables insurers to operate in a secure and agile way. The EIS SuiteTM is an open, flexible platform of core systems and digital solutions that liberate insurers to accelerate and scale innovation, launch products faster, deliver new revenue channels, and create customer experiences. With thousands of open APIs, the platform gives insurers across all lines of business the opportunity to connect to—or serve as a hub for—a vast ecosystem of insurtech and emerging technologies.
EIS serves clients across North America, Europe, and Asia and the platform-agnostic EIS Suite can be deployed on AWS, Microsoft Azure, and Google Cloud. The firm has been an active investor in technology since its inception, with current and past software investments including C3 AI, Kaseya, McAfee, Planview, ThycoticCentrify, WellSky, Wind River, and Zscaler.