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Sprout.ai
Sprout.ai makes insurance claims faster and more accurate by automating decisioning with AI. The platform uses patented OCR, natural language processing, and deep learning to extract, validate, and…
Sprout.ai
Sprout.ai makes insurance claims faster and more accurate by automating decisioning with AI. The platform uses patented OCR, natural language processing, and deep learning to extract, validate, and…
TL;DR
What they do: AI-powered claims automation for insurers using OCR, NLP and deep learning
Founded: 2018
Business model: Enterprise-grade configurable SaaS deployed into insurer/MGA/TPA workflows
Funding signal: Raised seed (2020) and Series A (2021); reported total funding around $21.3M
Security/compliance: ISO 27001 certified
Company Overview
Problem Domain
Claims automation and decisioning for insurance
Founded
2018
Industry
IT Services and IT Consulting
Tech Stack
Funding Track Record
2500000
Seed round to accelerate development and deployment
11000000
Series A to apply AI to insurance claims; included existing investors
5400000
Reported earlier institutional investment round of £5.4M from multiple global investors
Investor Signal
“Backed by institutional VCs including Octopus Ventures and Amadeus Capital Partners, with participation from Playfair Capital and Techstars”
Founders
What we do
Join the Team
Startup jobs. A lot of them.
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