Reserv, a NYC-based AI-driven insurance claims processing company, closed its $20M Series A financing.
The round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.
The company intends to use the funds to expand its generative AI claims data analysis tools.
Led by CJ Przybyl, co-founder and CEO, and Martha Dreiling, co-founder and COO, Reserv helps managing general agents (MGAs) and insurance carriers improve claims handling and increase data availability. Its digital-native TPA incubating next-generation automation technology and AI aim to bring speed, advanced data science, and simplicity to the experience of consumers, insurance adjusters, and carriers.
Reserv is licensed and live across the US and the UK for all non-workers compensation property and casualty claims. The company has over 70 employees.
FinSMEs
03/10/2023