Gradient AI has received growth capital financing from CIBC Innovation Banking to fund its ongoing development efforts. The investment aims to enhance its SaaS platform capabilities and meet the evolving demands of the global insurance market. Gradient AI provides AI solutions to improve underwriting and claims risk assessments for insurers. With a strong backing from several investors, the company is set to expand its market footprint.
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Company Information
Company
Gradient AI
Location
Boston, Massachusetts, United States
About
Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. Unlike other solutions that use a limited claims and underwriting dataset, Gradient's software-as-a-service (SaaS) platform leverages a vast dataset comprised of tens of millions of policies and claims. It also incorporates numerous other features including economic, health, geographic and demographic information. Customers include some of the most recognized insurance carriers, MGAs, TPAs, risk pools, PEOs and large self-insureds across all major lines of insurance. By using Gradient AI’s solutions, insurers of all types achieve a better return on risk.
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