ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/furtherai” target=”_blank”>FurtherAI, an artificial intelligence (AI) assistant for automation in the insurance sector, has raised $5 million in a seed funding round led by early-stage venture capital firm Nexus Venture Partners.
The round also saw participation from ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/pioneer-ai-fund” target=”_blank”>Pioneer AI Fund, South Park Commons, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/y-combinator” target=”_blank”>Y Combinator and Converge VC, among other angel investors.
The funds will be used to expand its AI team, drive industry engagement, and enhance its product capabilities.
“When we first partnered with the insurance industry, many claimed it was slow to innovate and held back by…
