OSLO,
Norway, May 7, 2024 /PRNewswire/ -- Simplifai, a
pioneering force in AI Automation Solutions for insurance and
banking, proudly announces the completion of its latest investment
round, securing a significant investment. The investment round was
led by Idékapital, the Norwegian investor funding and supporting
high-growth B2B software and technology scale-ups with global
potential.
This significant infusion of capital comes on the heels of
Simplifai's innovative advancements in the insurance industry,
particularly through its new flagship product, InsuranceGPT.
InsuranceGPT represents the industry's first insurance-specific
generative AI technology, empowering insurers with unparalleled
end-to-end business process automation capabilities. By harnessing
the power of generative AI, InsuranceGPT facilitates enriched
communication between insurers and their customers, delivering
swift, precise, and secure responses.
"We are thrilled to support Simplifai on its journey of
innovation and expansion," remarked Krisztina Horvath, Principal at Idékapital.
"Simplifai's commitment to delivering significant value for their
customers and their visionary approach to leveraging AI align
seamlessly with our investment strategy. They have built a strong
foundation and we are eager to contribute to their continued
success globally."
Bård Myrstad, Simplifai CEO, expressed enthusiasm about the
partnership, stating, "Idékapital embodies the ideal partner for
Simplifai. Their wealth of experience in nurturing companies with
similar trajectories positions them as invaluable partners. With
Idékapital's expertise in product market readiness and
international expansion, we are poised to accelerate our growth
trajectory and drive meaningful impact in the insurance and banking
sectors."
Simplifai has previously unveiled its Claims Handling solution,
built on the foundation of InsuranceGPT's cutting-edge technology.
For more information on this development, please visit
https://www.simplifai.ai/news/simplifai-launches-the-simplifai-claims-processing-solution-powered-by-insurancegpt/.
About Simplifai:
Founded in 2017, Simplifai is the secure AI company. We create
the Simplifai AI Automation platform, which is used to create a
number of solutions for the Insurance and Banking industries,
including Claims Intake, Claims Processing, Underwriting, and
Customer Interaction. Simplifai's solutions reduce customer churn,
reduce operational costs, improve customer satisfaction, and
provide a strong competitive advantage for our customers. We are
founded in Oslo, Norway, with
offices in Pune India,
the Netherlands, and Ukraine. Learn more: www.simplifai.ai.
For media inquiries or further information, please contact:
Aron Kozak
Marketing Director
+47 46 98 69 50
aron.kozak@simplifai.ai
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/simplifai/r/simplifai-secures-a-significant-investment-with-idekapital-as-lead-investor,c3974742
The following files are available for download:
https://mb.cision.com/Main/22404/3974742/2782543.pdf
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