Reported 15 days ago
Liberate, an AI startup focused on automating insurance processes, has raised $50 million in a round led by Battery Ventures, reaching a $300 million valuation. The company aims to scale its AI solutions across the insurance sector, addressing rising operational costs and customer demands. Founded in 2022, Liberate's technology has reportedly increased sales by an average of 15% while reducing costs by 23%, with over 1.3 million automated tasks handled through its AI systems. The latest funding will help expand its capabilities and support broader implementation across insurers.
Source: YAHOO