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Soteris raises $8M seed funding to enhance profitability in the insurance sector. Led by Spider Capital, the funding aims to support the launch of their new AI-driven product.
Amount Raised
$8 Million
Round Type
Seed
San FranciscoInformation TechnologyInvestors
Description
Soteris has raised over $8M in seed funding to launch a new AI-driven product for the property and casualty insurance sector. The funding round was led by Spider Capital, with additional contributions from several investors. This new tool aims to identify hidden profit leaks in insurance policies, addressing long-standing industry challenges. After five years of development, Soteris aims to optimize profitability for carriers and managing general agents.
Fundz sees it the moment Sote, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
Based on industry dataSote, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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