Thursday, April 18, 2024
HomeFunding NYC-based Indemn Secures $1.9Million in Pre-Seed Funding

[Funding alert] NYC-based Indemn Secures $1.9Million in Pre-Seed Funding

NYC-based Indemn secures $1.9million in pre-seed funding. Markd led the round, and Everywhere Ventures, Afterwork Ventures, and other participants participated as well.

NYC-based Indemn secures $1.9million in pre-seed funding. Markd led the round, and Everywhere Ventures, Afterwork Ventures, and other participants participated as well.

With the money, the business hopes to expand faster and offer insurance products via AI-powered natural dialogue. Under the direction of CEO Kyle Geoghan, Indemn is an insurtech SaaS company that offers insurance companies cutting-edge, AI-driven solutions.

Read also – CA-based Portal Secures $34Million in Seed Funding

With AI agents supporting every facet of digital insurance, from quote to buy, their platform—which is based on large language models—drives growth and lowers operating costs across distribution channels.

The user is contacted directly by AI agents through the customer experience, and if needed, they are connected to human agents assisted by an AI-powered Copilot.

Read also – FL-based Kore.ai Secures $150Million in Funding

Kyle Geoghan said: “We’re thrilled with the initial funding and support from investors who believe in our vision to transform the insurance acquisition experience with Large Language Models. Creating a better way for people to interact with insurance has been a long time coming and we couldn’t be more excited to continue building the solution.“

About Indemn

Indemn creates chatbots with machine learning capabilities that offer online insurance. For hosts wishing to minimize their risk of encountering issues following the event, they offer Event and Wedding Insurance as their first offering. Customers can use their self-serve portal to ask inquiries about insurance and buy coverage whenever it’s convenient for them.

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