PeppercornAI, a Greater Cardiff Area, Wales, UK-based insurtech company that uses conversational AI, raised £3.25M in funding.
Backers included Wealth Club, EHE Capital and Angels Invest Wales.
The company intends to use the funds for the development of conversational AI technology to support its pipeline of B2B demand.
Led by CEO Nigel Lombard, PeppercornAI is an insurtech that uses conversational AI to reduce operating costs and provide customers with a new experience, that puts the customer in control. Last year, the insurtech launched its SaaS platform Pipr to support the motor industry amid rising cost pressures.
In April 2022, the company had secured £1.8M in seed funding from EHE Capital.
FinSMEs
24/04/2024