10 artificial intelligence startups taking on insurance
February 27, 2018 5:13 AM
Artificial intelligence is emerging as a real disruptor in some industries, and as a competitive advantage for many organizations embracing it. With the promise of big payoffs, it has also captured the attention of venture capital firms. In its new report “AI 100: The Artificial Intelligence Startups Redefining Industries,” CBInsights looks at the firms that are luring the largest share of investment dollars for their AI efforts. Here are the top 10 players from that report who are focused in some way on the insurance industry. (For the full top 20, see DI's sister publication Information Management ).
Affirm
A fintech and insurance company, Affirm has received $725 million in funding. Major investors include Andreesen Horowitz, Lightspeed Venture Partners and Spark Capital.
Upstart
A fintech and insurance company, Upstart has received $585 million in funding. Major investors include New Enterprise Associates, Khosla Ventures and Kleiner Perkins Caufield & Byers.
Zoox
An auto tech company, Zoox has attracted $290 million in funding. Major investors include Draper Fisher Jurvetson, Lux Capital, Blackbird Ventures and IDG Capital.
ZestFinance
A fintech and insurance company, Zest Finance has received $268 million in funding. Major investors include Matrix Partners, Lighthouse Capital Partners, Upfront Ventures and Lightspeed Venture Partners.
Nauto
An auto tech company, NAUTO has received $183 million in funding. Major investors include Greylock Partners, Draper Nexus Ventures and Playground Ventures.
Zymergen
A life sciences company, Zymergen has received $174 million in funding. Major investors include Draper Fisher Jurvetson, True Ventures and Obvious Ventures.
C3 IoT
An Internet-of-Things company, C3 IoT has received $131 million in funding. Major investors include InterWest Partners, Sutter Hill Ventures, Breyer Capital and Wildcat Venture Partners.
DataRobot
An enterprise AI company, DataRobot has attracted $125 million in funding. Major investors include New Enterprise Associates, Recruit Strategic Partners, Accomplice, IA Ventures and Intel Capital.
Recursion Pharmaceuticals
A healthcare company, Recursion Pharmaceuticals has attracted $119 million in funding. Major investors include Lux Capital, Epic Ventures, Data Collective and AME Cloud Ventures.