Gradient AI’s software-as-a-service (SaaS) platform offers AI and machine learning (ML) models that utilise an industry data repository. Credit: MUNGKHOOD STUDIO/Shutterstock.

Gradient AI, which offers AI solutions for the insurance sector, has secured $56.1m in Series C funding.  

The investment round, led by Centana Growth Partners, also saw contributions from previous backers including MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Gradient AI’s SaaS platform offers AI and ML models that utilise an industry data repository.  

This repository is said to include tens of millions of policies and claims, along with economic, health, and geographic data, to assist insurers in more accurately evaluating risks and enhancing operational efficiencies to boost profitability. 

The fresh capital injection will be channelled into enhancing the existing product suite, developing new offerings for property and casualty and health insurers, and investing in research and development to further cement Gradient AI’s technological edge in the market. 

Gradient’s clients include insurance carriers, large self-insured employers, managing general agents, managing general underwriters, professional employer organisations, risk pools and third-party administrators covering all major lines of insurance. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In its Series B financing round in April 2021, the company raked in $20m .  

The round was led by American Family Ventures, with contributions from Stone Point Capital principals and BSC Capital, in addition to the continued support from MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.