Indemn, a NYC-based provider of an AI-powered conversational insurance platform, raised $1.9M in Pre-Seed funding.
The round was led by Markd, with participation from Afterwork Ventures, Everywhere Ventures, and others.
The company intends to use the funds to accelerate its growth in delivering insurance products through natural conversation powered by AI.
Led by CEO Kyle Geoghan, Indemn is an insurtech SaaS provider delivering innovative, AI-driven solutions to insurance carriers. Their platform, built around Large Language Models, includes AI agents supporting all aspects of digital insurance, from quoting to purchase, thereby driving growth and reducing operational costs across distribution channels. The customer experience delivers AI agents directly to the user, and when desired, connects the customer to human agents supported by an AI powered Copilot.
Commenting on the news, Kyle Geoghan said: “We’re thrilled with the initial funding and support from investors who believe in our vision to transform the insurance acquisition experience with Large Language Models. Creating a better way for people to interact with insurance has been a long time coming and we couldn’t be more excited to continue building the solution.“
FinSMEs
31/01/2024