MotionsCloud
MotionsCloud uses computer vision technology, to analyze car and property damage for insurance companies thereby streamlining and automating property and vehicle insurance claims. MotionsCloud reduces claim cycle time from 10 days to 3 hours and saves up to 75% on claims processing cost and improves customer claims experiences. MotionsCloud already serves clients in the US, Europe and South East Asia.
MotionsCloud
MotionsCloud uses computer vision technology, to analyze car and property damage for insurance companies thereby streamlining and automating property and vehicle insurance claims. MotionsCloud reduces claim cycle time from 10 days to 3 hours and saves up to 75% on claims processing cost and improves customer claims experiences. MotionsCloud already serves clients in the US, Europe and South East Asia.
TL;DR
What they do: AI/AR computer-vision platform for automated vehicle and property damage inspection and claims
Headquarters: Munich, Germany
Customers/Partners: Insurers and mobility/claims partners across US, Europe, Southeast Asia
Employees: Approximately 22
Last disclosed funding: US$2.04M (reported Apr 2022)
Company Overview
Problem Domain
Insurance claims automation for vehicle and property damage inspection
Industry
Insurtech
Funding Track Record
2000000.00 USD
Announced investment round reported April 29, 2022 (US$2M) to expand global operations; company records total funding amount ~US$2.04M.
Investor Signal
“Backed by SOSV and Net Insurance (co-leads); other investor logos listed include Artesian Venture Partners and Global Insurance Accelerator”