MotionsCloud, a German insurtech startup, raised US$ 2m in funding.
The round was co-lead by SOSV and Net Insurance, followed by AI Startup Incubator, ParticleX, Artesian, Excon Services, and Global Insurance Accelerator.
The company intends to use the funds to pursue further expansion efforts.
Led by LeX Tan, CEO, MotionsCloud provides a solution which uses AR and AI technologies to assess and expedite home and auto insurance claims. The company empowers insurance companies with an automated property & vehicle inspection, making the process faster and more efficient. The startup already cooperates with European, US, and Asian firms.