UK disruptor Concirrus, which has widened its client base threefold over the last 12 months, has further reasons to celebrate after raising US$20 million (around £15.4 million) in its Series B funding round.
Led by AlbionVC, the funding round comes hot on the heels of what the marine and automotive insurtech described as “exceptional growth” for the business, which offers a behavioural-based underwriting platform called Quest. The technology delivers portfolio management and predictive analytics using big data aggregation, artificial intelligence, and machine learning.
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