Boston based software provider for insurers raised $230m of funding from new and existing investors including Kayne Anderson Rudnick and Whale Rock Capital.
| less than a minute read
Duck Creek Technologies raises $230m ahead of IPO
“Our platform’s performance, particularly during these recent months, has shown the industry that SaaS can deliver new levels of value,” Duck Creek Chief Executive Officer Michael Jackowski said in the statement, referring to “software as a service” in which software is licensed on a subscription basis. “We see growing opportunity for Duck Creek as more insurers accelerate their adoption of SaaS solutions for their core systems.”
