San Francisco based insurance technology company raised $6m in Series A funding led by ManchesterStory along with ValueStream Ventures and Plug and Play.
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Verikai Secures $6m in Series A funding
Verikai is an insurance technology company leveraging alternative data and machine learning to evaluate risk. Its database includes more than 4,000 behavioral attributes on 260 million people in the U.S. trained and calibrated through a proprietary machine informed modeling on over 25 million unique individual claimants in both P&C and A&H product lines. This provides deep insight into these individuals’ true underwriting risks, represented in pools large enough to affect profitability against existing actuarial rates.
