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Funding
Gradient AI raises USD 36 million in funding round
InsurTech: Infrastructure
Jul 9, 2024
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InsurTech: Infrastructure

InsurTech: Infrastructure

Jul 9, 2024

Gradient AI raises USD 36 million in funding round

Funding

  • Gradient AI, a predictive analytics platform for underwriting and claims management, has raised USD 36 million in an undisclosed funding round, bringing its total funding to USD 67 million.

  • The funds will be used to enhance its product offerings and expand operations.

  • Analyst QuickTake: Gradient AI’s last funding round was in April 2021, when it raised USD 20 million in a Series B funding led by American Family Ventures. The company utilized the fresh funds to accelerate customer acquisition and broaden its product portfolio.

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