Root Insurance valuation hits $3.65 billion in latest round led by DST Global and Coatue – gpgmail

Root Insurance,  lang=”EN”>an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a Series E funding round.  The amount of the round was reported last month, citing anonymous sources. This official announcement fills in the remaining details, including […]

Adarga closes £5M Series A funding for its Palantir-like AI platform – gpgmail

AI startup Adarga has closed a £5 million Series A fundraising by Allectus Capital. But this news rather cloaks the fact that it’s been building up a head of steam since it’s founding in 2016, building up – what they say – is a £30 million-plus sales pipeline through strategic collaborations with a number of […]

Tesla promises up to 30% lower rates with new car insurance play – gpgmail

Tesla said Wednesday it has launched an insurance product, promising owners of its electric vehicles to deliver rates 20% and even as high as 30% lower than other insurance providers. For now, the product known as Tesla Insurance, will only be available to owners in California. The business will expand to additional U.S. state in […]

Sweden’s Hedvig raises $10.4M led by Obvious Ventures to build “nice insurance” – gpgmail

Hedvig, a Swedish startup, is following in the footsteps of Lemonade building a new generation of insurance platforms that use AI to help evaluate customers and operate on a policy of using surplus for social good, and today the company announced the next stage of its growth. The startup has closed a SEK100 million ($10.4 […]

What tech gets right about healthcare – gpgmail

We often hear how tech just doesn’t get the healthcare industry but how is it helping where government and big pharma can’t? Sarah Buhr @sarahbuhr / 7 hours Why is tech still aiming for the healthcare industry? It seems full of endless regulatory hurdles or stories of misguided founders with no knowledge of the space, […]