AI innovator听Mind Foundry has raised 拢10.4 million.听听
The听Oxford University spinout aims to create future听where humans and AI work together to solve the world鈥檚 most important problems.听
The听Series A funding听was听led by Aioi Nissay Dowa Insurance and includes funding from existing investors听Parkwalk听Advisors, Oxford Sciences Innovation, the University of Oxford and the Oxford Technology and Innovations EIS Fund.听听
With customers across several industries, Mind Foundry鈥檚 AI platform learns about and understands听businesses听to help teams听make better decisions.听听
The insurance industry offers a new route for AI to affect transformational impact on the real world.听
Satoru Tamura, Senior Managing Executive Officer at ANDI, said:听鈥淭here are some technologies that can change a small part of the insurance value chain, but there are no technology companies that can help insurers transform the entire insurance operation.听听
鈥�Therefore, we had been seeking a reliable partner with first-class technology in order to jointly develop such solutions across the insurance value chain.鈥�听
The company has raised a total of $24.4m funding to date.听听听
Brian Mullins, CEO at Mind Foundry, said:听鈥淭he insurance industry is a critical part of economies around the globe, helping companies and people to make better choices, balance risk, and access critical services in times of need.听听
鈥�With the power of AI and Machine Learning, we can transform the industry and the lives of the people who depend on it.鈥�听