Verikai

Verikai is an insurance technology company leveraging alternative data and machine learning to change the way the industry views risk.

Verikai provides underwriters and brokers with risk reports designed to solve their underwriting mysteries and increase revenue.

Verikai was founded in 2018 by Hari Sundram and Brett Coffin. The company is headquartered in San Francisco, California.

 

Verikai helps insurers close the gaps between underwriting and actuarial processes through a proprietary applied data platform. Data analysis and insight are directly served through a real-time API into the underwriting workflow.

 

Verikai's well-established database includes more than 4,000 behavioral attributes on 260 million people in the U.S. trained and calibrated through our 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.

 

Verikai has raised $6M in Series A funding round on July 08, 2020. The investment is led by ManchesterStory, other investors included ValueStream Ventures and Plug N Play also participated in the round. The Series A funding follows a seed investment round in early 2018. Seed investors included Aioi Nissay Dowa Insurance Company Limited and National General Insurance.

 

 

  • Year founded: 2018
  • Funding Info: $6M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 2-10
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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